Silicon Laboratories (NASDAQ:SLAB) Price Target Raised to $145.00

Silicon Laboratories (NASDAQ:SLAB) had its target price increased by Stifel Nicolaus from $135.00 to $145.00 in a report published on Monday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the semiconductor company’s stock.

SLAB has been the topic of a number of other reports. Susquehanna assumed coverage on shares of Silicon Laboratories in a research report on Tuesday, December 17th. They set a “neutral” rating and a $130.00 price target on the stock. Barclays lowered their target price on Silicon Laboratories from $120.00 to $75.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 5th. KeyCorp cut their price target on Silicon Laboratories from $150.00 to $115.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Benchmark reissued a “hold” rating on shares of Silicon Laboratories in a research note on Tuesday, November 5th. Finally, JPMorgan Chase & Co. cut their target price on Silicon Laboratories from $150.00 to $135.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $123.56.

Silicon Laboratories Trading Down 0.8 %

NASDAQ:SLAB opened at $128.05 on Monday. The stock has a 50 day moving average of $116.62 and a two-hundred day moving average of $113.76. Silicon Laboratories has a 12 month low of $94.00 and a 12 month high of $154.91. The firm has a market cap of $4.15 billion, a P/E ratio of -17.30 and a beta of 1.17.

Silicon Laboratories (NASDAQ:SLAB) last issued its quarterly earnings results on Monday, November 4th. The semiconductor company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.07. The firm had revenue of $166.00 million during 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 revenue for the quarter was down 18.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.48 earnings per share. On average, research analysts forecast that Silicon Laboratories will post -3.56 earnings per share for the current year.

Institutional Trading of Silicon Laboratories

Institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC increased its position 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 valued at $559,748,000 after acquiring an additional 54,708 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Silicon Laboratories by 28.3% during 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 during the period. Geode Capital Management LLC increased its holdings in Silicon Laboratories by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 781,049 shares of the semiconductor company’s stock valued at $90,282,000 after purchasing an additional 15,728 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Silicon Laboratories by 2.0% in the second quarter. Dimensional Fund Advisors LP now owns 639,065 shares of the semiconductor company’s stock valued at $70,699,000 after purchasing an additional 12,680 shares during the period. Finally, Van Berkom & Associates Inc. lifted its stake in Silicon Laboratories by 8.4% during the second quarter. Van Berkom & Associates Inc. now owns 609,232 shares of the semiconductor company’s stock worth $67,399,000 after purchasing an additional 47,058 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.