Shares of Silicon Laboratories Inc. (NASDAQ:SLAB – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective 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. Stifel Nicolaus upped their price objective 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. boosted their target price on shares of Silicon Laboratories from $145.00 to $165.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. TD Cowen boosted their target price on shares of Silicon Laboratories from $140.00 to $155.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Barclays boosted their target price on shares of Silicon Laboratories from $120.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 8th. Finally, StockNews.com downgraded shares of Silicon Laboratories from a “hold” rating to a “sell” rating in a research report on Friday, December 29th.
Check Out Our Latest Analysis on Silicon Laboratories
Hedge Funds Weigh In On Silicon Laboratories
Silicon Laboratories Price Performance
SLAB stock opened at $143.72 on Friday. The firm has a market capitalization of $4.59 billion, a P/E ratio of -127.18 and a beta of 1.27. The company’s 50 day simple moving average is $135.23 and its 200-day simple moving average is $120.61. Silicon Laboratories has a 52-week low of $74.56 and a 52-week high of $176.43.
Silicon Laboratories (NASDAQ:SLAB – Get Free Report) last released its quarterly earnings data on Wednesday, February 7th. The semiconductor company reported ($1.46) earnings per share for the quarter, beating the consensus estimate of ($1.91) by $0.45. The firm had revenue of $86.85 million for the quarter, compared to analyst estimates of $85.32 million. Silicon Laboratories had a negative net margin of 4.41% and a positive return on equity of 0.97%. Sell-side analysts predict that Silicon Laboratories will post -1.66 EPS for the current fiscal year.
Silicon Laboratories Company Profile
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.
Featured Stories
- Five stocks we like better than Silicon Laboratories
- Insider Selling Explained: Can it Inform Your Investing Choices?
- 3 Value Stocks Too Small For Buffett’s Portfolio
- How to Calculate Options Profits
- Foot Locker Builds Up Another Head of Steam; Gains Imminent
- Canada Bond Market Holiday: How to Invest and Trade
- Disney Stock Catches 3 Upgrades In a Single Week
Receive News & Ratings for Silicon Laboratories Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Silicon Laboratories and related companies with MarketBeat.com's FREE daily email newsletter.