Silicon Laboratories - SLAB Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Silicon Laboratories in the last year. There are currently 1 sell rating, 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" SLAB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SLAB, but not buy additional shares or sell existing shares.
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9 analysts have issued 12-month price targets for Silicon Laboratories' stock. Their SLAB share price forecasts range from $100.00 to $210.00. On average, they expect the company's stock price to reach $179.78 in the next twelve months. This suggests a possible upside of 3.9% from the stock's current price.
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Silicon Laboratories' stock was trading at $135.67 at the beginning of 2023. Since then, SLAB stock has increased by 27.5% and is now trading at $172.95.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
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Silicon Laboratories Inc. (NASDAQ:SLAB) posted its earnings results on Wednesday, October, 27th. The semiconductor company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.15 by $0.19. The semiconductor company had revenue of $184.83 million for the quarter, compared to the consensus estimate of $175.20 million. Silicon Laboratories had a trailing twelve-month return on equity of 7.44% and a net margin of 8.93%. Silicon Laboratories's revenue was up 39.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.45 earnings per share.

ETFs with the largest weight of Silicon Laboratories (NASDAQ:SLAB) stock in their portfolio include Global X Internet of Things Thematic ETF (SNSR), SPDR S&P Semiconductor ETF (XSD), SPDR S&P Kensho Intelligent Structures ETF (SIMS), Invesco Dynamic Semiconductors ETF (PSI), Harbor Corporate Culture Leaders ETF (HAPY), ALPS Disruptive Technologies ETF (DTEC), Nuveen Small Cap Select ETF (NSCS) and WisdomTree U.S. Growth & Momentum Fund (WGRO).

Silicon Laboratories updated its first quarter earnings guidance on Wednesday, February, 1st. The company provided earnings per share (EPS) guidance of $1.07-$1.17 for the period, compared to the consensus estimate of $0.77. The company issued revenue guidance of $242-$252 million, compared to the consensus revenue estimate of $241.40 million.

107 employees have rated Silicon Laboratories Chief Executive Officer Tyson Tuttle on Glassdoor.com. Tyson Tuttle has an approval rating of 99% among the company's employees. This puts Tyson Tuttle in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Silicon Laboratories investors own include NVIDIA (NVDA), Micron Technology (MU), Intel (INTC), Advanced Micro Devices (AMD), QUALCOMM (QCOM), Skyworks Solutions (SWKS), DocuSign (DOCU), Broadcom (AVGO) and Cisco Systems (CSCO).

Silicon Laboratories trades on the NASDAQ under the ticker symbol "SLAB."

Silicon Laboratories' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include GW&K Investment Management LLC (2.17%), Alliancebernstein L.P. (2.15%), Geode Capital Management LLC (1.96%), Macquarie Group Ltd. (1.95%), Dimensional Fund Advisors LP (1.86%) and Eagle Asset Management Inc. (1.58%). Insiders that own company stock include Brandon Tolany, Christy Wyatt, Daniel Mark Thompson, Jack R Lazar, Jack R Lazar, John C Hollister, Mark D Mauldin, Navdeep S Sooch, Nina Richardson, Robert Matthew Johnson, Sumit Sadana, William G Bock and William G Bock.
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Shares of SLAB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SLAB stock can currently be purchased for approximately $172.95.

Silicon Laboratories (NASDAQ:SLAB) has a market capitalization of $5.53 billion and generates $1.02 billion in revenue each year. The semiconductor company earns $91.40 million in net income (profit) each year or $2.54 on an earnings per share basis.

The company employs 1,964 workers across the globe.

Silicon Laboratories' mailing address is 400 WEST CESAR CHAVEZ, AUSTIN TX, 78701. The official website for the company is www.silabs.com. The semiconductor company can be reached via phone at (512) 416-8500, via email at investor.relations@silabs.com, or via fax at 512-416-9669.