Analysts Set Silicon Laboratories Inc. (NASDAQ:SLAB) PT at $121.50

Shares of Silicon Laboratories Inc. (NASDAQ:SLAB) have earned a consensus rating of “Moderate Buy” from the ten brokerages that are currently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $121.50.

A number of equities analysts have recently commented on SLAB shares. Benchmark reaffirmed a “hold” rating on shares of Silicon Laboratories in a report on Tuesday, November 5th. Barclays cut their target price on Silicon Laboratories from $120.00 to $75.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 5th. StockNews.com upgraded Silicon Laboratories to a “sell” rating in a research report on Friday, November 8th. Morgan Stanley cut their price objective on shares of Silicon Laboratories from $123.00 to $97.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 5th. Finally, Stifel Nicolaus decreased their target price on shares of Silicon Laboratories from $160.00 to $135.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th.

Silicon Laboratories Price Performance

NASDAQ:SLAB opened at $112.19 on Wednesday. The business has a fifty day simple moving average of $111.00 and a two-hundred day simple moving average of $113.25. Silicon Laboratories has a 1 year low of $94.00 and a 1 year high of $154.91.

Silicon Laboratories (NASDAQ:SLAB) last announced its quarterly earnings data on Monday, November 4th. The semiconductor company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.07. The business had revenue of $166.00 million for the quarter, compared to analysts’ expectations of $165.50 million. Silicon Laboratories had a negative return on equity of 12.60% and a negative net margin of 46.93%. The firm’s quarterly revenue was down 18.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.48 EPS. On average, equities analysts predict that Silicon Laboratories will post -3.56 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SLAB. Wellington Management Group LLP boosted its holdings in shares of Silicon Laboratories by 28.3% in the 3rd quarter. Wellington Management Group LLP now owns 888,382 shares of the semiconductor company’s stock worth $102,670,000 after purchasing an additional 195,997 shares in the last quarter. Clearbridge Investments LLC lifted its position in Silicon Laboratories by 84.0% in the 2nd 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 last quarter. American Century Companies Inc. boosted its stake in Silicon Laboratories by 29.5% in the second quarter. American Century Companies Inc. now owns 316,407 shares of the semiconductor company’s stock worth $35,004,000 after buying an additional 72,138 shares in the last quarter. Point72 Asset Management L.P. bought a new position in Silicon Laboratories during the third quarter valued at approximately $7,408,000. Finally, FMR LLC raised its stake in shares of Silicon Laboratories by 1.1% during the third quarter. FMR LLC now owns 4,843,370 shares of the semiconductor company’s stock worth $559,748,000 after acquiring an additional 54,708 shares in the last quarter.

Silicon Laboratories Company Profile

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.