Silicon Laboratories, Inc. (NASDAQ:SLAB) Given Average Rating of “Hold” by Analysts

Silicon Laboratories, Inc. (NASDAQ:SLAB) has been given a consensus recommendation of “Hold” by the ten research firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating 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 restated a “sell (d-)” rating on shares of Silicon Laboratories in a research report on Friday, March 27th.

Silicon Laboratories Price Performance

Shares of SLAB opened at $218.00 on Thursday. The company has a market capitalization of $7.19 billion, a P/E ratio of -142.48 and a beta of 1.37. Silicon Laboratories has a one year low of $115.50 and a one year high of $220.90. The business’s 50 day simple moving average is $217.14 and its 200-day simple moving average is $190.19.

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

Insiders Place Their Bets

In related news, CEO Robert Matthew Johnson sold 8,024 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were 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 in the company, valued at $17,458,934.77. The trade was a 9.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Tudor Investment Corp ET AL bought a new position in Silicon Laboratories in the 3rd quarter worth approximately $4,718,000. Fox Run Management L.L.C. bought a new stake in shares of Silicon Laboratories during the 3rd quarter valued at $1,577,000. Dynamic Technology Lab Private Ltd raised its position in shares of Silicon Laboratories by 255.1% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 7,030 shares of the semiconductor company’s stock valued at $922,000 after acquiring an additional 5,050 shares during the last quarter. Westfield Capital Management Co. LP bought a new stake in shares of Silicon Laboratories during the 3rd quarter valued at $44,887,000. Finally, SG Americas Securities LLC raised its position in shares of Silicon Laboratories by 836.3% during the 4th quarter. SG Americas Securities LLC now owns 49,934 shares of the semiconductor company’s stock valued at $6,526,000 after acquiring an additional 44,601 shares during 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.