Silicon Laboratories (NASDAQ:SLAB) PT Lowered to $180.00 at Cowen

Silicon Laboratories (NASDAQ:SLAB – Get Rating) had its target price cut by analysts at Cowen from $205.00 to $180.00 in a research report issued on Thursday, The Fly reports. Cowen’s price objective indicates a potential upside of 35.75% from the stock’s current price.

SLAB has been the subject of several other reports. Stifel Nicolaus boosted their price target on Silicon Laboratories from $200.00 to $210.00 in a research note on Wednesday. Morgan Stanley reduced their price target on Silicon Laboratories from $208.00 to $156.00 and set an “equal weight” rating for the company in a research note on Monday. Barclays boosted their price target on Silicon Laboratories from $160.00 to $185.00 in a research note on Wednesday, January 12th. StockNews.com started coverage on Silicon Laboratories in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Zacks Investment Research downgraded Silicon Laboratories from a “buy” rating to a “hold” rating in a research note on Wednesday, April 6th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $186.50.

Shares of NASDAQ SLAB opened at $132.60 on Thursday. Silicon Laboratories has a 12 month low of $120.15 and a 12 month high of $211.98. The stock has a 50 day moving average of $143.52 and a 200-day moving average of $169.04. The company has a market capitalization of $5.06 billion, a P/E ratio of 2.80 and a beta of 1.24.

Silicon Laboratories (NASDAQ:SLAB – Get Rating) last issued its earnings results on Wednesday, April 27th. The semiconductor company reported $1.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.41. Silicon Laboratories had a return on equity of 4.49% and a net margin of 258.69%. The company had revenue of $233.80 million during the quarter, compared to the consensus estimate of $226.22 million. During the same period in the previous year, the company posted $0.65 EPS. The firm’s revenue for the quarter was up 48.2% compared to the same quarter last year. On average, equities analysts predict that Silicon Laboratories will post 1.56 EPS for the current fiscal year.

In other Silicon Laboratories news, SVP Brandon Tolany sold 986 shares of the company’s stock in a transaction dated Wednesday, February 16th. The stock was sold at an average price of $157.98, for a total value of $155,768.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Nina Richardson sold 473 shares of the company’s stock in a transaction dated Friday, April 22nd. The stock was sold at an average price of $129.60, for a total value of $61,300.80. Following the completion of the transaction, the director now directly owns 8,171 shares of the company’s stock, valued at approximately $1,058,961.60. The disclosure for this sale can be found here. Insiders have sold a total of 2,459 shares of company stock valued at $372,379 in the last three months. 1.61% of the stock is owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. CWM LLC acquired a new position in Silicon Laboratories in the 4th quarter worth about $26,000. Fifth Third Bancorp increased its holdings in Silicon Laboratories by 113.3% in the 4th quarter. Fifth Third Bancorp now owns 128 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 68 shares in the last quarter. Rockefeller Capital Management L.P. increased its holdings in Silicon Laboratories by 177.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 136 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 87 shares in the last quarter. Quent Capital LLC acquired a new position in Silicon Laboratories in the 4th quarter worth about $30,000. Finally, Covestor Ltd acquired a new position in Silicon Laboratories in the 4th quarter worth about $37,000. 95.97% of the stock is owned by institutional investors and hedge funds.

Silicon Laboratories Company Profile (Get Rating)

Silicon Laboratories Inc, a fabless semiconductor company, provides mixed-signal integrated circuits (ICs) in the United States, China, and internationally. The company offers microcontrollers and wireless products, including 8-bit mixed-signal and ultra-low-power 32-bit microcontrollers (MCU); wireless MCU connectivity solutions; single and multi-protocol system-on-chip (SoC) devices and modules; wireless protocols, MCUs, and SoCs; in-house protocol stacks; Micrium, a real-time operating system that helps simplify software development for IoT developers.It also provides sensor products comprising optical, relative humidity/temperature, and hall effect magnetic sensors; timing devices; multi-channel isolators, isolated drivers, isolated power converters, and mixed-signal devices; broadcast products, which include single-chip hybrid TV tuners and digital video demodulators, as well as AM/FM, HD radio, and DAB/DAB+ receivers; and hybrid software defined radio tuners, data receivers, and digital radio coprocessors.

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