Silicon Laboratories Inc. (NASDAQ:SLAB) Receives $135.00 Consensus Price Target from Analysts

Silicon Laboratories Inc. (NASDAQ:SLAB) has been given an average rating of “Moderate Buy” by the ten research firms that are covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $135.00.

Several equities analysts have recently commented on the stock. StockNews.com raised shares of Silicon Laboratories to a “sell” rating in a research report on Tuesday, July 23rd. Needham & Company LLC reiterated a “buy” rating and issued a $150.00 target price on shares of Silicon Laboratories in a research report on Thursday, July 25th.

Insider Buying and Selling

In other Silicon Laboratories news, SVP Brandon Tolany sold 845 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $115.00, for a total value of $97,175.00. Following the sale, the senior vice president now directly owns 43,615 shares of the company’s stock, valued at $5,015,725. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.72% of the company’s stock.

Institutional Trading of Silicon Laboratories

Large investors have recently modified their holdings of the company. Sanctuary Advisors LLC bought a new position in Silicon Laboratories in the 2nd quarter worth about $229,000. Clearbridge Investments LLC boosted its position in shares of Silicon Laboratories by 84.0% during the second quarter. Clearbridge Investments LLC now owns 273,776 shares of the semiconductor company’s stock worth $30,288,000 after buying an additional 125,022 shares during the period. Marshall Wace LLP acquired a new stake in Silicon Laboratories in the 2nd quarter valued at approximately $3,172,000. Avalon Global Asset Management LLC increased its position in Silicon Laboratories by 44.8% in the 2nd quarter. Avalon Global Asset Management LLC now owns 97,900 shares of the semiconductor company’s stock valued at $10,831,000 after acquiring an additional 30,300 shares during the period. Finally, Sei Investments Co. raised its stake in Silicon Laboratories by 4.3% during the 2nd quarter. Sei Investments Co. now owns 19,228 shares of the semiconductor company’s stock valued at $2,127,000 after acquiring an additional 784 shares in the last quarter.

Silicon Laboratories Stock Up 3.2 %

SLAB stock opened at $114.37 on Friday. The stock’s 50 day moving average is $111.11 and its two-hundred day moving average is $120.72. Silicon Laboratories has a 52-week low of $74.56 and a 52-week high of $154.91. The company has a market capitalization of $3.69 billion, a PE ratio of -34.55 and a beta of 1.19.

Silicon Laboratories (NASDAQ:SLAB) last posted its quarterly earnings results on Wednesday, July 24th. The semiconductor company reported ($0.56) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.64) by $0.08. Silicon Laboratories had a negative net margin of 36.53% and a negative return on equity of 9.13%. The firm had revenue of $145.40 million for the quarter, compared to analysts’ expectations of $140.18 million. During the same period in the prior year, the company posted $0.59 earnings per share. The firm’s quarterly revenue was down 40.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Silicon Laboratories will post -3.41 EPS for the current year.

About Silicon Laboratories

Silicon Laboratories Inc, a fabless semiconductor company, provides various analog-intensive mixed-signal solutions in the United States, China, Taiwan, and internationally. The company's products include wireless microcontrollers and sensor products. Its products are used in various electronic products in a range of applications for the industrial Internet of Things (IoT), including industrial automation and control, smart buildings, access control, HVAC control, and industrial wearables and power tools; smart cities applications, such as smart metering, smart street lighting, renewable energy, electric vehicle supply equipment, and smart agriculture; commercial IoT applications, including smart lighting, asset tracking, electronic shelf labels, theft protection, and enterprise access points; smart home applications, comprising home automation/security systems, smart speakers, smart lighting, HVAC control, smart cameras, smart appliances, smart home sensing, smart locks, and window/blind controls; and connected health applications, including diabetes management, consumer health and fitness, elderly care, patient monitoring, and activity tracking; as well as in commercial building automation, consumer electronics, and medical instrumentation.