Silicon Laboratories, Inc. (NASDAQ:SLAB) Receives $167.78 Consensus Price Target from Brokerages

Silicon Laboratories, Inc. (NASDAQ:SLAB) has been assigned an average rating of “Hold” from the ten analysts that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $167.7778.

Several equities analysts have recently issued reports on SLAB shares. KeyCorp lowered shares of Silicon Laboratories from an “overweight” rating to a “hold” rating in a report on Wednesday, February 4th. Needham & Company LLC lowered shares of Silicon Laboratories from a “buy” rating to a “hold” rating in a research note on Wednesday, February 4th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Silicon Laboratories in a research note on Friday, March 27th. Citigroup boosted their target price on Silicon Laboratories from $135.00 to $231.00 and gave the company a “neutral” rating in a research note on Friday, February 6th. Finally, Royal Bank Of Canada lifted their price objective on shares of Silicon Laboratories from $160.00 to $205.00 and gave the company a “sector perform” rating in a report on Thursday, February 5th.

Hedge Funds Weigh In On Silicon Laboratories

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Silicon Laboratories by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 3,992,407 shares of the semiconductor company’s stock valued at $521,808,000 after purchasing an additional 121,432 shares during the last quarter. State Street Corp lifted its holdings in Silicon Laboratories by 0.5% during the 2nd quarter. State Street Corp now owns 1,517,813 shares of the semiconductor company’s stock worth $223,665,000 after purchasing an additional 7,139 shares during the last quarter. Invesco Ltd. grew its holdings in Silicon Laboratories by 12.9% in the 4th quarter. Invesco Ltd. now owns 852,493 shares of the semiconductor company’s stock valued at $111,421,000 after buying an additional 97,351 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Silicon Laboratories by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 824,771 shares of the semiconductor company’s stock valued at $107,814,000 after acquiring an additional 7,921 shares during the period. Finally, AQR Capital Management LLC raised its stake in Silicon Laboratories by 89.5% in the 3rd quarter. AQR Capital Management LLC now owns 701,919 shares of the semiconductor company’s stock worth $91,109,000 after purchasing an additional 331,427 shares in the last quarter.

Silicon Laboratories Price Performance

Shares of NASDAQ SLAB opened at $217.45 on Wednesday. The company’s 50 day simple moving average is $208.98 and its 200 day simple moving average is $168.64. The firm has a market capitalization of $7.17 billion, a P/E ratio of -142.12 and a beta of 1.40. Silicon Laboratories has a fifty-two week low of $112.78 and a fifty-two week high of $218.68.

Silicon Laboratories (NASDAQ:SLAB) last posted its quarterly earnings results 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 for the quarter, compared to analyst estimates of $214.02 million. Silicon Laboratories had a negative return on equity of 2.18% and a negative net margin of 6.13%.The firm’s revenue was up 20.1% on a year-over-year basis. During the same period last year, the company earned ($0.08) EPS. Sell-side analysts expect that Silicon Laboratories will post 0.71 EPS for the current fiscal year.

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.