Silicon Laboratories (NASDAQ:SLAB) PT Lowered to $145.00

Silicon Laboratories (NASDAQ:SLAB) had its price objective lowered by TD Cowen from $155.00 to $145.00 in a report issued on Thursday, Briefing.com reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. TD Cowen’s price objective would indicate a potential upside of 26.90% from the company’s current price.

Other analysts have also issued reports about the company. Needham & Company LLC raised Silicon Laboratories from a “hold” rating to a “buy” rating and set a $150.00 price target on the stock in a research note on Thursday. StockNews.com lowered Silicon Laboratories from a “hold” rating to a “sell” rating in a research note on Friday, December 29th. JPMorgan Chase & Co. boosted their price objective on Silicon Laboratories from $145.00 to $165.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Stifel Nicolaus boosted their price objective on Silicon Laboratories from $136.00 to $155.00 and gave the stock a “buy” rating in a research note on Tuesday, January 2nd. Finally, Summit Insights lowered Silicon Laboratories from a “buy” rating to a “hold” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Silicon Laboratories currently has a consensus rating of “Hold” and an average price target of $142.88.

Silicon Laboratories Price Performance

Shares of NASDAQ:SLAB opened at $114.26 on Thursday. The business’s 50 day moving average price is $134.92 and its 200-day moving average price is $122.17. The firm has a market capitalization of $3.65 billion, a PE ratio of -101.11 and a beta of 1.27. Silicon Laboratories has a 1 year low of $74.56 and a 1 year high of $166.94.

Silicon Laboratories (NASDAQ:SLAB) last issued its quarterly earnings results on Wednesday, February 7th. The semiconductor company reported ($1.46) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 positive return on equity of 0.97% and a negative net margin of 4.41%. As a group, analysts expect that Silicon Laboratories will post -1.66 earnings per share for the current year.

Institutional Investors Weigh In On Silicon Laboratories

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. L. Roy Papp & Associates LLP raised its position in Silicon Laboratories by 1.2% in the fourth quarter. L. Roy Papp & Associates LLP now owns 9,920 shares of the semiconductor company’s stock valued at $1,312,000 after purchasing an additional 120 shares during the period. Migdal Insurance & Financial Holdings Ltd. raised its position in Silicon Laboratories by 20.0% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 733 shares of the semiconductor company’s stock valued at $85,000 after purchasing an additional 122 shares during the period. Global Retirement Partners LLC raised its holdings in shares of Silicon Laboratories by 31.7% in the 3rd quarter. Global Retirement Partners LLC now owns 507 shares of the semiconductor company’s stock valued at $58,000 after buying an additional 122 shares during the period. Coldstream Capital Management Inc. raised its holdings in shares of Silicon Laboratories by 6.9% in the 4th quarter. Coldstream Capital Management Inc. now owns 2,431 shares of the semiconductor company’s stock valued at $322,000 after buying an additional 157 shares during the period. Finally, CWM LLC raised its holdings in shares of Silicon Laboratories by 78.1% in the 4th quarter. CWM LLC now owns 374 shares of the semiconductor company’s stock valued at $49,000 after buying an additional 164 shares during the period.

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.