Silicon Laboratories, Inc. (SLAB) – What Are Investment Firms Saying About This Stock?

Silicon Laboratories, Inc. (NASDAQ:SLAB) has earned a consensus recommendation of “Reduce” from the seven analysts that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $218.00.

SLAB has been the topic of several analyst reports. Wall Street Zen upgraded shares of Silicon Laboratories to a “hold” rating in a report on Saturday, October 10th. Zacks Research raised Silicon Laboratories from a “strong sell” rating to a “hold” rating in a research note on Monday, October 12th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Silicon Laboratories in a report on Monday, September 21st.

Institutional Trading of Silicon Laboratories

Institutional investors and hedge funds have recently made changes to their positions in the business. Harbor Investment Advisory LLC acquired a new position in shares of Silicon Laboratories in the 2nd quarter valued at $28,000. Allworth Financial LP acquired a new position in shares of Silicon Laboratories during the 2nd quarter worth about $42,000. Covestor Ltd increased its position in Silicon Laboratories by 206.5% in the 3rd quarter. Covestor Ltd now owns 190 shares of the semiconductor company’s stock valued at $42,000 after acquiring an additional 128 shares during the period. EverSource Wealth Advisors LLC increased its stake in Silicon Laboratories by 66.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 225 shares of the semiconductor company’s stock valued at $47,000 after purchasing an additional 90 shares in the last quarter. Finally, Signaturefd LLC boosted its position in Silicon Laboratories by 15.8% during the third quarter. Signaturefd LLC now owns 373 shares of the semiconductor company’s stock worth $83,000 after acquiring an additional 51 shares during the last quarter.

Silicon Laboratories Stock Performance

NASDAQ:SLAB opened at $222.45 on Wednesday. The stock has a market capitalization of $7.42 billion, a price-to-earnings ratio of -188.52 and a beta of 1.20. Silicon Laboratories has a 1 year low of $115.50 and a 1 year high of $223.50. The stock has a fifty day moving average price of $220.75 and a two-hundred day moving average price of $210.22.

Silicon Laboratories (NASDAQ:SLAB) last released its quarterly earnings results on Tuesday, August 11th. The semiconductor company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.02. The firm had revenue of $228.19 million for the quarter, compared to the consensus estimate of $227.99 million. Silicon Laboratories had a negative net margin of 4.57% and a negative return on equity of 0.66%. The firm’s quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.11 EPS. On average, analysts predict that Silicon Laboratories will post 0.52 EPS for the current year.

About Silicon Laboratories

Silicon Laboratories Inc is a fabless semiconductor company that develops technologies for the Internet of Things (IoT). The company provides integrated circuits, wireless modules, software and development tools that help manufacturers connect, monitor and control devices used in residential, commercial and industrial applications.

Its product portfolio includes wireless system-on-chip devices and modules supporting technologies such as Bluetooth, Wi-Fi, Zigbee, Thread, Matter, Z-Wave and proprietary sub-GHz protocols.