Silicon Laboratories, Inc. (NASDAQ:SLAB) Receives $171.43 Consensus Target Price from Analysts

Silicon Laboratories, Inc. (NASDAQ:SLAB) has received an average rating of “Hold” from the ten analysts that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $171.4286.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Silicon Laboratories in a research note on Wednesday, June 24th.

Silicon Laboratories Stock Down 0.1%

Shares of NASDAQ SLAB opened at $218.38 on Thursday. The company has a market capitalization of $7.20 billion, a PE ratio of -142.73 and a beta of 1.36. Silicon Laboratories has a twelve month low of $115.50 and a twelve month high of $220.90. The firm has a fifty day simple moving average of $217.75 and a 200 day simple moving average of $192.88.

Silicon Laboratories (NASDAQ:SLAB) last issued its quarterly earnings results on Tuesday, May 5th. The semiconductor company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.04. Silicon Laboratories had a negative net margin of 6.13% and a negative return on equity of 2.18%. The business had revenue of $213.50 million for the quarter, compared to analysts’ expectations of $214.02 million. During the same quarter in the prior year, the firm posted ($0.08) earnings per share. The business’s quarterly revenue was up 20.1% compared to the same quarter last year. As a group, equities analysts expect that Silicon Laboratories will post 0.74 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Silicon Laboratories news, CEO Robert Matthew Johnson sold 8,024 shares of Silicon Laboratories stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $216.83, for a total value of $1,739,843.92. Following the completion of the sale, the chief executive officer directly owned 80,519 shares in the company, valued at approximately $17,458,934.77. The trade was a 9.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.60% of the company’s stock.

Institutional Trading of Silicon Laboratories

Several large investors have recently modified their holdings of SLAB. Vanguard Group Inc. increased its stake in shares of Silicon Laboratories by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 3,992,407 shares of the semiconductor company’s stock valued at $521,808,000 after acquiring an additional 121,432 shares in the last quarter. State Street Corp grew its holdings in Silicon Laboratories by 0.5% in the second quarter. State Street Corp now owns 1,517,813 shares of the semiconductor company’s stock worth $223,665,000 after purchasing an additional 7,139 shares during the period. Invesco Ltd. grew its holdings in Silicon Laboratories by 12.9% in the fourth quarter. Invesco Ltd. now owns 852,493 shares of the semiconductor company’s stock worth $111,421,000 after purchasing an additional 97,351 shares during the period. Geode Capital Management LLC increased its stake in Silicon Laboratories by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 824,771 shares of the semiconductor company’s stock valued at $107,814,000 after purchasing an additional 7,921 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in Silicon Laboratories by 89.5% in the third quarter. AQR Capital Management LLC now owns 701,919 shares of the semiconductor company’s stock valued at $91,109,000 after purchasing an additional 331,427 shares in the last quarter.

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.