Silicon Laboratories (NASDAQ:SLAB) Coverage Initiated by Analysts at Royal Bank Of Canada

Research analysts at Royal Bank Of Canada began coverage on shares of Silicon Laboratories (NASDAQ:SLAB) in a research note issued to investors on Thursday,Benzinga 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 price target points to a potential upside of 7.35% 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 investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $154.25.

Silicon Laboratories Stock Up 1.8%

Shares of SLAB stock opened at $149.05 on Thursday. The firm has a market cap of $4.90 billion, a price-to-earnings ratio of -56.46 and a beta of 1.55. The company’s 50 day moving average is $133.00 and its 200 day moving average is $134.64. Silicon Laboratories has a 52-week low of $82.82 and a 52-week high of $160.00.

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

Insiders Place Their Bets

In other news, SVP Brandon Tolany sold 1,954 shares of the stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $141.49, for a total value of $276,471.46. Following the transaction, the senior vice president directly owned 62,381 shares of the company’s stock, valued at approximately $8,826,287.69. This represents a 3.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. AQR Capital Management LLC lifted its position in Silicon Laboratories by 43.7% during the first quarter. AQR Capital Management LLC now owns 17,892 shares of the semiconductor company’s stock valued at $2,001,000 after purchasing an additional 5,439 shares during the period. Millennium Management LLC raised its stake 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 buying an additional 96,404 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Silicon Laboratories by 121.4% in the 1st quarter. Jones Financial Companies Lllp now owns 496 shares of the semiconductor company’s stock valued at $56,000 after buying an additional 272 shares during the period. United Services Automobile Association acquired a new position in shares of Silicon Laboratories in the 1st quarter valued at about $235,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake 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 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.