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

Shares of Silicon Laboratories Inc. (NASDAQ:SLAB) have been assigned an average rating of “Moderate Buy” from the ten research firms that are covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $135.00.

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

Insider Activity at Silicon Laboratories

In other news, SVP Brandon Tolany sold 845 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $115.00, for a total transaction of $97,175.00. Following the sale, the senior vice president now owns 43,615 shares in the company, valued at $5,015,725. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 1.72% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Cullen Frost Bankers Inc. bought a new position in Silicon Laboratories during the second quarter worth about $28,000. Fidelis Capital Partners LLC acquired a new position in shares of Silicon Laboratories during the 1st quarter worth approximately $55,000. GAMMA Investing LLC raised its stake in Silicon Laboratories by 84.1% in the 3rd quarter. GAMMA Investing LLC now owns 497 shares of the semiconductor company’s stock valued at $57,000 after acquiring an additional 227 shares during the period. Daiwa Securities Group Inc. acquired a new stake in Silicon Laboratories during the 2nd quarter valued at $60,000. Finally, Mather Group LLC. bought a new position in Silicon Laboratories during the first quarter worth $63,000.

Silicon Laboratories Stock Up 0.8 %

Shares of SLAB stock opened at $116.44 on Tuesday. Silicon Laboratories has a 12-month low of $74.56 and a 12-month high of $154.91. The firm has a fifty day moving average of $110.48 and a 200-day moving average of $117.52. The firm has a market capitalization of $3.72 billion, a price-to-earnings ratio of -35.18 and a beta of 1.19.

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