Silicon Laboratories (NASDAQ:SLAB) Lowered to “Sell” Rating by StockNews.com

StockNews.com downgraded shares of Silicon Laboratories (NASDAQ:SLAB) from a hold rating to a sell rating in a report published on Friday morning.

Several other equities analysts also recently commented on SLAB. Needham & Company LLC boosted their target price on shares of Silicon Laboratories from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, February 5th. Benchmark raised shares of Silicon Laboratories from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a research note on Wednesday, February 5th. JPMorgan Chase & Co. decreased their price target on shares of Silicon Laboratories from $150.00 to $135.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. KeyCorp upped their price target on shares of Silicon Laboratories from $115.00 to $160.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Finally, Barclays upped their price target on shares of Silicon Laboratories from $75.00 to $120.00 and gave the company an “equal weight” rating in a research note on Friday, January 17th. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $136.20.

Silicon Laboratories Stock Performance

SLAB stock opened at $140.30 on Friday. Silicon Laboratories has a one year low of $94.00 and a one year high of $160.00. The company’s fifty day moving average price is $137.80 and its 200-day moving average price is $121.29. The company has a market capitalization of $4.55 billion, a PE ratio of -23.62 and a beta of 1.16.

Silicon Laboratories (NASDAQ:SLAB) last released its earnings results on Tuesday, February 4th. The semiconductor company reported ($0.11) EPS for the quarter, hitting the consensus estimate of ($0.11). Silicon Laboratories had a negative net margin of 32.69% and a negative return on equity of 10.46%. The firm had revenue of $166.25 million for the quarter, compared to the consensus estimate of $166.09 million. During the same quarter in the previous year, the firm earned ($1.19) earnings per share. The company’s quarterly revenue was up 91.4% compared to the same quarter last year. On average, research analysts predict that Silicon Laboratories will post -0.97 EPS for the current fiscal year.

Insider Activity

In other news, Director William G. Bock sold 2,000 shares of the stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $140.77, for a total value of $281,540.00. Following the sale, the director now owns 32,115 shares of the company’s stock, valued at approximately $4,520,828.55. This represents a 5.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Navdeep S. Sooch sold 2,360 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $149.00, for a total transaction of $351,640.00. Following the completion of the sale, the director now directly owns 400,567 shares in the company, valued at approximately $59,684,483. This represents a 0.59 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,360 shares of company stock valued at $782,610. 1.72% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Coldstream Capital Management Inc. grew its holdings in shares of Silicon Laboratories by 2.8% in the fourth quarter. Coldstream Capital Management Inc. now owns 2,473 shares of the semiconductor company’s stock worth $307,000 after purchasing an additional 68 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Silicon Laboratories by 44.5% in the fourth quarter. Jones Financial Companies Lllp now owns 224 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 69 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of Silicon Laboratories by 1.8% in the fourth quarter. Pacer Advisors Inc. now owns 4,839 shares of the semiconductor company’s stock worth $601,000 after purchasing an additional 87 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in Silicon Laboratories by 1.1% during the 4th quarter. Louisiana State Employees Retirement System now owns 9,000 shares of the semiconductor company’s stock worth $1,118,000 after acquiring an additional 100 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its holdings in Silicon Laboratories by 1.4% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 7,169 shares of the semiconductor company’s stock worth $891,000 after acquiring an additional 102 shares in the last quarter.

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.