Royal Bank Of Canada Begins Coverage on Silicon Laboratories (NASDAQ:SLAB)

Research analysts at Royal Bank Of Canada initiated coverage on shares of Silicon Laboratories (NASDAQ:SLAB) in a report issued on Thursday, MarketBeat.com reports. The brokerage set a “sector perform” rating and a $160.00 price target on the semiconductor company’s stock. Royal Bank Of Canada’s target price would suggest a potential upside of 7.57% from the stock’s current price.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Silicon Laboratories in a research report on Monday, December 29th. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $154.25.

Silicon Laboratories Stock Performance

Shares of SLAB stock opened at $148.74 on Thursday. The firm has a market cap of $4.89 billion, a price-to-earnings ratio of -56.34 and a beta of 1.55. Silicon Laboratories has a 52 week low of $82.82 and a 52 week high of $160.00. The firm’s 50-day simple moving average is $133.90 and its two-hundred day simple moving average is $134.77.

Silicon Laboratories (NASDAQ:SLAB) last released its earnings results on Tuesday, November 4th. The semiconductor company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. The firm had revenue of $206.00 million during the quarter, compared to the consensus estimate of $205.04 million. Silicon Laboratories had a negative net margin of 11.58% and a negative return on equity of 6.04%. Silicon Laboratories has set its Q4 2025 guidance at 0.400-0.700 EPS. Analysts forecast that Silicon Laboratories will post -0.97 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Nina Richardson sold 1,355 shares of Silicon Laboratories stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $149.00, for a total value of $201,895.00. Following the completion of the transaction, the director directly owned 8,543 shares in the company, valued at approximately $1,272,907. The trade was a 13.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Brandon Tolany sold 1,954 shares of the business’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $141.49, for a total value of $276,471.46. Following the sale, the senior vice president owned 62,381 shares in the company, valued at approximately $8,826,287.69. The trade was a 3.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 7,555 shares of company stock worth $1,073,528 in the last three months. Insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC increased its holdings in Silicon Laboratories by 43.7% during the 1st quarter. AQR Capital Management LLC now owns 17,892 shares of the semiconductor company’s stock worth $2,001,000 after acquiring an additional 5,439 shares during the period. Millennium Management LLC grew its position in shares of Silicon Laboratories by 2,804.1% during the 1st quarter. Millennium Management LLC now owns 99,842 shares of the semiconductor company’s stock valued at $11,239,000 after purchasing an additional 96,404 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Silicon Laboratories by 121.4% in the first 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 stake in shares of Silicon Laboratories in the first quarter worth $235,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Silicon Laboratories by 1.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 97,156 shares of the semiconductor company’s stock worth $10,937,000 after buying an additional 1,679 shares in the last quarter.

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.