Silicon Laboratories Inc. (NASDAQ:SLAB) Receives Consensus Rating of “Moderate Buy” from Brokerages

Silicon Laboratories Inc. (NASDAQ:SLAB) has been assigned a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $143.29.

SLAB has been the topic of several research reports. StockNews.com downgraded shares of Silicon Laboratories from a “hold” rating to a “sell” rating in a report on Friday, December 29th. Stifel Nicolaus upped their price target on shares of Silicon Laboratories from $136.00 to $155.00 and gave the company a “buy” rating in a research note on Tuesday, January 2nd. JPMorgan Chase & Co. upped their price target on shares of Silicon Laboratories from $145.00 to $165.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Barclays upped their price target on shares of Silicon Laboratories from $120.00 to $140.00 and gave the company an “equal weight” rating in a research note on Thursday, February 8th. Finally, TD Cowen upped their price target on shares of Silicon Laboratories from $140.00 to $155.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th.

Silicon Laboratories Price Performance

NASDAQ:SLAB opened at $143.72 on Friday. Silicon Laboratories has a one year low of $74.56 and a one year high of $176.43. The company has a market cap of $4.59 billion, a P/E ratio of -127.18 and a beta of 1.27. The firm’s fifty day moving average price is $135.23 and its two-hundred day moving average price is $120.61.

Silicon Laboratories (NASDAQ:SLAB) last released its quarterly earnings data on Wednesday, February 7th. The semiconductor company reported ($1.46) EPS for the quarter, beating the consensus estimate of ($1.91) by $0.45. Silicon Laboratories had a negative net margin of 4.41% and a positive return on equity of 0.97%. The firm had revenue of $86.85 million for the quarter, compared to the consensus estimate of $85.32 million. As a group, equities research analysts expect that Silicon Laboratories will post -1.66 earnings per share for the current year.

Institutional Investors Weigh In On Silicon Laboratories

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Silicon Laboratories by 5.5% during the fourth quarter. Vanguard Group Inc. now owns 3,464,163 shares of the semiconductor company’s stock worth $458,205,000 after purchasing an additional 179,131 shares during the period. Capital Research Global Investors lifted its position in Silicon Laboratories by 73.9% during the fourth quarter. Capital Research Global Investors now owns 937,939 shares of the semiconductor company’s stock worth $124,061,000 after purchasing an additional 398,489 shares during the period. Macquarie Group Ltd. lifted its position in Silicon Laboratories by 17.3% during the first quarter. Macquarie Group Ltd. now owns 730,300 shares of the semiconductor company’s stock worth $127,868,000 after purchasing an additional 107,562 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Silicon Laboratories by 4.1% in the second quarter. Geode Capital Management LLC now owns 656,573 shares of the semiconductor company’s stock worth $103,568,000 after acquiring an additional 25,998 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Silicon Laboratories by 4.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 641,710 shares of the semiconductor company’s stock worth $84,884,000 after acquiring an additional 28,759 shares during the last quarter.

About Silicon Laboratories

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.