Silicon Laboratories, Inc. (NASDAQ:SLAB) Receives Average Rating of “Hold” from Analysts

Silicon Laboratories, Inc. (NASDAQ:SLAB) has been assigned an average rating of “Hold” from the ten research firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $167.7778.

A number of equities research analysts have recently weighed in on SLAB shares. Weiss Ratings restated a “sell (d-)” rating on shares of Silicon Laboratories in a report on Monday, December 29th. Needham & Company LLC cut Silicon Laboratories from a “buy” rating to a “hold” rating in a research note on Wednesday, February 4th. Citigroup lifted their price target on Silicon Laboratories from $135.00 to $231.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. KeyCorp cut Silicon Laboratories from an “overweight” rating to a “hold” rating in a research report on Wednesday, February 4th. Finally, Royal Bank Of Canada raised their target price on Silicon Laboratories from $160.00 to $205.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 5th.

Insider Buying and Selling at Silicon Laboratories

In related news, SVP Brandon Tolany sold 4,246 shares of the stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $140.17, for a total value of $595,161.82. Following the transaction, the senior vice president directly owned 62,381 shares of the company’s stock, valued at $8,743,944.77. This trade represents a 6.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Nina Richardson sold 1,355 shares of the business’s stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $149.00, for a total transaction of $201,895.00. Following the completion of the sale, the director directly owned 8,543 shares of the company’s stock, valued at approximately $1,272,907. This trade represents a 13.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 7,555 shares of company stock valued at $1,073,528. Company insiders own 1.60% of the company’s stock.

Institutional Trading of Silicon Laboratories

A number of large investors have recently made changes to their positions in the company. Norges Bank acquired a new position in Silicon Laboratories during the fourth quarter worth approximately $56,008,000. Thrivent Financial for Lutherans grew its position in shares of Silicon Laboratories by 312.9% during the fourth quarter. Thrivent Financial for Lutherans now owns 467,958 shares of the semiconductor company’s stock worth $61,162,000 after acquiring an additional 354,621 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Silicon Laboratories by 1,970.7% in the 2nd quarter. AQR Capital Management LLC now owns 370,492 shares of the semiconductor company’s stock valued at $54,516,000 after acquiring an additional 352,600 shares during the period. Westfield Capital Management Co. LP acquired a new stake in Silicon Laboratories during the 3rd quarter worth $44,887,000. Finally, Squarepoint Ops LLC grew its position in Silicon Laboratories by 113.6% during the 3rd quarter. Squarepoint Ops LLC now owns 358,016 shares of the semiconductor company’s stock worth $46,947,000 after purchasing an additional 190,421 shares during the last quarter.

Silicon Laboratories Price Performance

SLAB stock opened at $204.79 on Friday. Silicon Laboratories has a 1 year low of $82.82 and a 1 year high of $208.84. The firm has a market capitalization of $6.75 billion, a P/E ratio of -102.91 and a beta of 1.56. The business’s 50-day moving average is $156.32 and its two-hundred day moving average is $140.41.

Silicon Laboratories (NASDAQ:SLAB) last issued its earnings results on Wednesday, February 4th. The semiconductor company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.02. Silicon Laboratories had a negative net margin of 8.27% and a negative return on equity of 4.07%. The firm had revenue of $208.21 million for the quarter, compared to analysts’ expectations of $207.63 million. During the same quarter last year, the company earned ($0.11) earnings per share. The firm’s revenue was up 25.3% compared to the same quarter last year. On average, analysts expect that Silicon Laboratories will post -0.97 EPS for the current year.

Silicon Laboratories Company Profile

Silicon Laboratories (NASDAQ:SLAB) is a global semiconductor company that develops high-performance analog and mixed-signal integrated circuits, wireless system-on-chips (SoCs), microcontrollers, and radio frequency (RF) solutions. Its product portfolio is tailored to support the Internet of Things (IoT), infrastructure, industrial automation, consumer electronics, automotive, and energy markets. By combining silicon, software, and tools, Silicon Labs aims to accelerate development cycles and deliver low-power, highly integrated solutions that address demanding application requirements.

Founded in 1996 and headquartered in Austin, Texas, Silicon Labs has grown into a multinational organization with engineering and sales operations across North America, Europe, and Asia.