Analysts Set Silicon Laboratories, Inc. (NASDAQ:SLAB) Price Target at $171.43

Shares of Silicon Laboratories, Inc. (NASDAQ:SLAB) have earned an average rating of “Hold” from the ten analysts that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $171.4286.

SLAB has been the subject of several research reports. Citigroup increased their target price on Silicon Laboratories from $135.00 to $231.00 and gave the stock a “neutral” rating in a research report on Friday, February 6th. Royal Bank Of Canada increased 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. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Silicon Laboratories in a research report on Friday, March 27th.

Insider Activity

In other news, CEO Robert Matthew Johnson sold 8,024 shares of the 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 transaction, the chief executive officer owned 80,519 shares of the company’s stock, valued at approximately $17,458,934.77. This represents a 9.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC increased its position in Silicon Laboratories by 66.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 225 shares of the semiconductor company’s stock valued at $47,000 after buying an additional 90 shares in the last quarter. Kestra Advisory Services LLC bought a new position in Silicon Laboratories during the 4th quarter valued at approximately $32,000. Covestor Ltd increased its position in Silicon Laboratories by 260.3% during the 4th quarter. Covestor Ltd now owns 281 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 203 shares in the last quarter. UMB Bank n.a. increased its position in Silicon Laboratories by 43.9% during the 3rd quarter. UMB Bank n.a. now owns 282 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 86 shares in the last quarter. Finally, Kemnay Advisory Services Inc. bought a new position in Silicon Laboratories during the 4th quarter valued at approximately $44,000.

Silicon Laboratories Stock Performance

Shares of NASDAQ:SLAB opened at $219.00 on Friday. Silicon Laboratories has a 52-week low of $115.50 and a 52-week high of $219.68. The firm has a market capitalization of $7.22 billion, a P/E ratio of -143.14 and a beta of 1.37. The stock has a 50 day moving average price of $214.28 and a 200-day moving average price of $180.90.

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

About Silicon Laboratories

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.