Silicon Laboratories (NASDAQ:SLAB) Raised to Sell at StockNews.com

StockNews.com upgraded shares of Silicon Laboratories (NASDAQ:SLAB) to a sell rating in a report published on Wednesday morning.

Other equities analysts also recently issued research reports about the stock. TD Cowen lowered their target price on shares of Silicon Laboratories from $155.00 to $145.00 and set a buy rating on the stock in a report on Thursday, April 25th. Barclays dropped their price objective on shares of Silicon Laboratories from $140.00 to $120.00 and set an equal weight rating for the company in a report on Thursday, April 25th. Citigroup decreased their target price on Silicon Laboratories from $137.00 to $120.00 and set a neutral rating on the stock in a research report on Thursday, April 25th. Benchmark restated a hold rating on shares of Silicon Laboratories in a report on Thursday, April 25th. Finally, JPMorgan Chase & Co. decreased their price objective on Silicon Laboratories from $165.00 to $150.00 and set an overweight rating on the stock in a report on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Silicon Laboratories currently has a consensus rating of Hold and an average target price of $135.00.

Silicon Laboratories Stock Performance

SLAB opened at $127.58 on Wednesday. Silicon Laboratories has a fifty-two week low of $74.56 and a fifty-two week high of $166.94. The stock has a market cap of $4.07 billion, a price-to-earnings ratio of -38.54 and a beta of 1.25. The firm’s fifty day moving average is $128.55 and its 200 day moving average is $125.49.

Silicon Laboratories (NASDAQ:SLAB) last released its quarterly earnings data on Wednesday, April 24th. The semiconductor company reported ($1.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.29) by ($0.05). The business had revenue of $106.38 million during the quarter, compared to the consensus estimate of $104.45 million. Silicon Laboratories had a negative return on equity of 4.45% and a negative net margin of 16.36%. On average, equities research analysts predict that Silicon Laboratories will post -3.1 earnings per share for the current year.

Institutional Trading of Silicon Laboratories

Several hedge funds and other institutional investors have recently bought and sold shares of SLAB. GAMMA Investing LLC bought a new position in Silicon Laboratories during the fourth quarter valued at $36,000. Gladius Capital Management LP grew its holdings in Silicon Laboratories by 328.7% during the 4th quarter. Gladius Capital Management LP now owns 373 shares of the semiconductor company’s stock valued at $49,000 after purchasing an additional 286 shares during the last quarter. CWM LLC raised its position in Silicon Laboratories by 78.1% in the 4th quarter. CWM LLC now owns 374 shares of the semiconductor company’s stock worth $49,000 after purchasing an additional 164 shares during the period. Fidelis Capital Partners LLC bought a new stake in Silicon Laboratories in the first quarter worth about $55,000. Finally, Itau Unibanco Holding S.A. purchased a new position in shares of Silicon Laboratories during the third quarter valued at approximately $61,000.

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.