Silicon Laboratories, Inc. (NASDAQ:SLAB) Given Consensus Recommendation of “Hold” by Brokerages

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

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

Insiders Place Their Bets

In other Silicon Laboratories news, Director Nina Richardson sold 1,355 shares of Silicon Laboratories stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $149.00, for a total value of $201,895.00. Following the transaction, the director owned 8,543 shares in the company, valued at $1,272,907. This trade represents a 13.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Silicon Laboratories

A number of institutional investors and hedge funds have recently made changes to their positions in SLAB. AQR Capital Management LLC boosted its holdings in Silicon Laboratories by 43.7% in the first quarter. AQR Capital Management LLC now owns 17,892 shares of the semiconductor company’s stock valued at $2,001,000 after acquiring an additional 5,439 shares during the last quarter. Millennium Management LLC increased its stake in Silicon Laboratories by 2,804.1% during the first quarter. Millennium Management LLC now owns 99,842 shares of the semiconductor company’s stock worth $11,239,000 after acquiring an additional 96,404 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Silicon Laboratories by 121.4% in the 1st quarter. Jones Financial Companies Lllp now owns 496 shares of the semiconductor company’s stock worth $56,000 after purchasing an additional 272 shares during the period. United Services Automobile Association purchased a new position in shares of Silicon Laboratories in the 1st quarter worth about $235,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Silicon Laboratories by 1.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 97,156 shares of the semiconductor company’s stock valued at $10,937,000 after purchasing an additional 1,679 shares in the last quarter.

Silicon Laboratories Stock Performance

Shares of NASDAQ SLAB opened at $204.68 on Tuesday. The firm has a market cap of $6.75 billion, a P/E ratio of -102.85 and a beta of 1.45. Silicon Laboratories has a 1 year low of $82.82 and a 1 year high of $208.84. The firm’s 50 day moving average price is $179.99 and its 200 day moving average price is $148.97.

Silicon Laboratories (NASDAQ:SLAB) last issued its quarterly 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 return on equity of 4.07% and a negative net margin of 8.27%.The company had revenue of $208.21 million during the quarter, compared to the consensus estimate of $207.63 million. During the same period in the previous year, the firm posted ($0.11) EPS. Silicon Laboratories’s revenue was up 25.3% on a year-over-year basis. As a group, equities analysts predict 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.