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

Shares of Silicon Laboratories, Inc. (NASDAQ:SLAB) have earned a consensus recommendation of “Hold” from the ten ratings firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $171.4286.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Silicon Laboratories in a research note on Friday, March 27th.

Insider Buying and Selling

In related news, CEO Robert Matthew Johnson sold 8,024 shares of the company’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $216.83, for a total transaction of $1,739,843.92. Following the completion of the transaction, the chief executive officer directly owned 80,519 shares in the company, valued at $17,458,934.77. This represents a 9.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Silicon Laboratories

Large investors have recently bought and sold shares of the stock. Mitsubishi UFJ Trust & Banking Corp acquired a new position in Silicon Laboratories during the 3rd quarter valued at $1,192,000. Azzad Asset Management Inc. ADV acquired a new position in Silicon Laboratories during the 3rd quarter valued at $924,000. Thrivent Financial for Lutherans raised its stake in Silicon Laboratories by 109.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 113,337 shares of the semiconductor company’s stock valued at $14,862,000 after purchasing an additional 59,207 shares during the last quarter. Tudor Investment Corp ET AL bought a new stake in Silicon Laboratories in the 3rd quarter valued at $4,718,000. Finally, Fox Run Management L.L.C. acquired a new position in shares of Silicon Laboratories in the 3rd quarter valued at $1,577,000.

Silicon Laboratories Trading Down 0.4%

NASDAQ SLAB opened at $218.11 on Friday. The company has a fifty day simple moving average of $214.50 and a 200 day simple moving average of $181.16. The company has a market cap of $7.19 billion, a P/E ratio of -142.56 and a beta of 1.37. Silicon Laboratories has a 1 year low of $115.50 and a 1 year high of $219.68.

Silicon Laboratories (NASDAQ:SLAB) last posted its quarterly earnings data on Tuesday, May 5th. The semiconductor company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.04. The business had revenue of $213.50 million during the quarter, compared to the consensus estimate of $214.02 million. Silicon Laboratories had a negative net margin of 6.13% and a negative return on equity of 2.18%. Silicon Laboratories’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.08) EPS. Equities research analysts forecast that Silicon Laboratories will post 0.74 EPS for the current fiscal year.

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.