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

Shares of Silicon Laboratories Inc. (NASDAQ:SLAB) have been assigned a consensus rating of “Moderate Buy” from the eight analysts that are covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $143.29.

A number of brokerages have recently weighed in on SLAB. TD Cowen upped their price target on shares of Silicon Laboratories from $140.00 to $155.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. JPMorgan Chase & Co. boosted their price target on Silicon Laboratories from $145.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Barclays raised their price objective on Silicon Laboratories from $120.00 to $140.00 and gave the company an “equal weight” rating in a research note on Thursday, February 8th. Stifel Nicolaus increased their target price on shares of Silicon Laboratories from $136.00 to $155.00 and gave the stock a “buy” rating in a report on Tuesday, January 2nd. Finally, StockNews.com lowered shares of Silicon Laboratories from a “hold” rating to a “sell” rating in a report on Friday, December 29th.

Silicon Laboratories Price Performance

Silicon Laboratories stock opened at $124.37 on Tuesday. The firm has a market cap of $3.97 billion, a PE ratio of -110.06 and a beta of 1.27. The stock’s fifty day moving average price is $136.71 and its two-hundred day moving average price is $121.92. Silicon Laboratories has a one year low of $74.56 and a one year high of $172.94.

Silicon Laboratories (NASDAQ:SLAB) last issued its quarterly earnings results on Wednesday, February 7th. The semiconductor company reported ($1.46) EPS for the quarter, topping analysts’ consensus estimates of ($1.91) by $0.45. Silicon Laboratories had a positive return on equity of 0.97% and a negative net margin of 4.41%. The company had revenue of $86.85 million for the quarter, compared to analysts’ expectations of $85.32 million. Sell-side analysts expect that Silicon Laboratories will post -1.66 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Silicon Laboratories

Several large investors have recently modified their holdings of the business. Venturi Wealth Management LLC bought a new position in Silicon Laboratories during the 3rd quarter worth $30,000. Belpointe Asset Management LLC raised its position in shares of Silicon Laboratories by 72.5% during the first quarter. Belpointe Asset Management LLC now owns 207 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 87 shares during the last quarter. GAMMA Investing LLC acquired a new position in shares of Silicon Laboratories in the fourth quarter worth approximately $36,000. Live Oak Investment Partners bought a new stake in Silicon Laboratories in the fourth quarter valued at approximately $39,000. Finally, CWM LLC increased its position in Silicon Laboratories by 78.1% during the 4th quarter. CWM LLC now owns 374 shares of the semiconductor company’s stock valued at $49,000 after purchasing an additional 164 shares during the period.

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.