Silicon Laboratories (SLAB) Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Silicon Laboratories in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research 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 Wall Street analysts have issued 1-year price objectives for Silicon Laboratories' stock. Their SLAB share price forecasts range from $100.00 to $210.00. On average, they expect the company's share price to reach $176.00 in the next twelve months. This suggests a possible upside of 20.7% from the stock's current price.
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Silicon Laboratories' stock was trading at $135.67 at the beginning of the year. Since then, SLAB shares have increased by 7.5% and is now trading at $145.86.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
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Silicon Laboratories Inc. (NASDAQ:SLAB) announced its earnings results on Wednesday, October, 27th. The semiconductor company reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.15 by $0.19. The semiconductor company earned $184.83 million during the quarter, compared to the consensus estimate of $175.20 million. Silicon Laboratories had a net margin of 7.95% and a trailing twelve-month return on equity of 7.73%. Silicon Laboratories's revenue was up 39.3% on a year-over-year basis. During the same period 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 Kensho Intelligent Structures ETF (SIMS), Invesco Dynamic Semiconductors ETF (PSI), SPDR S&P Semiconductor ETF (XSD), WisdomTree U.S. Growth & Momentum Fund (WGRO), Nuveen Small Cap Select ETF (NSCS), Harbor Corporate Culture Leaders ETF (HAPY) and Columbia Seligman Semiconductor and Technology ETF (SEMI).

Silicon Laboratories issued an update on its second quarter 2023 earnings guidance on Thursday, April, 27th. The company provided EPS guidance of $0.98-$1.08 for the period, compared to the consensus estimate of $1.11. The company issued revenue guidance of $238.00 million-$248.00 million, compared to the consensus revenue estimate of $247.55 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 number of retail and institutional investors. Top institutional investors include FMR LLC (15.05%), AXA S.A. (3.39%), Wellington Management Group LLP (2.49%), Macquarie Group Ltd. (2.29%), GW&K Investment Management LLC (2.18%) and Geode Capital Management LLC (1.98%). 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 $145.86.

Silicon Laboratories (NASDAQ:SLAB) has a market capitalization of $4.65 billion and generates $1.02 billion in revenue each year. The semiconductor company earns $91.40 million in net income (profit) each year or $2.37 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.