Silicon Laboratories Inc. (NASDAQ:SLAB) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Silicon Laboratories Inc. (NASDAQ:SLAB) have earned a consensus rating of “Moderate Buy” from the ten ratings firms that are currently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $135.00.

A number of equities research analysts have weighed in on SLAB shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $150.00 price objective on shares of Silicon Laboratories in a report on Thursday, July 25th. StockNews.com upgraded Silicon Laboratories to a “sell” rating in a research report on Tuesday, July 23rd.

Silicon Laboratories Trading Up 4.6 %

Shares of NASDAQ SLAB opened at $118.32 on Monday. The stock has a market cap of $3.82 billion, a P/E ratio of -35.75 and a beta of 1.19. Silicon Laboratories has a twelve month low of $74.56 and a twelve month high of $154.91. The stock has a 50 day moving average of $111.73 and a two-hundred day moving average of $124.05.

Silicon Laboratories (NASDAQ:SLAB) last released its quarterly earnings results on Wednesday, July 24th. The semiconductor company reported ($0.56) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.64) by $0.08. The firm had revenue of $145.40 million for the quarter, compared to analyst estimates of $140.18 million. Silicon Laboratories had a negative return on equity of 9.13% and a negative net margin of 36.53%. The business’s revenue was down 40.6% on a year-over-year basis. During the same quarter last year, the company posted $0.59 earnings per share. As a group, research analysts predict that Silicon Laboratories will post -3.4 earnings per share for the current year.

Insider Activity at Silicon Laboratories

In related news, CEO Robert Matthew Johnson sold 7,230 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $123.80, for a total transaction of $895,074.00. Following the completion of the transaction, the chief executive officer now owns 47,910 shares of the company’s stock, valued at $5,931,258. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.72% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Marshall Wace LLP acquired a new stake in Silicon Laboratories during the second quarter valued at $3,172,000. Avalon Global Asset Management LLC lifted its holdings in shares of Silicon Laboratories by 44.8% during 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 buying an additional 30,300 shares during the last quarter. Sei Investments Co. grew its stake in shares of Silicon Laboratories by 4.3% in the 2nd quarter. Sei Investments Co. now owns 19,228 shares of the semiconductor company’s stock valued at $2,127,000 after buying an additional 784 shares in the last quarter. Granite Investment Partners LLC increased its holdings in Silicon Laboratories by 15.7% in the second quarter. Granite Investment Partners LLC now owns 47,338 shares of the semiconductor company’s stock worth $5,237,000 after buying an additional 6,420 shares during the last quarter. Finally, Intech Investment Management LLC bought a new position in Silicon Laboratories during the second quarter valued at approximately $777,000.

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.