Silicon Laboratories (SLAB) Receives Average Recommendation of “Hold” from Brokerages

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Silicon Laboratories (NASDAQ:SLAB) has earned an average rating of “Hold” from the thirteen ratings firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $99.38.

SLAB has been the subject of a number of analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 price target on shares of Silicon Laboratories in a report on Thursday, January 24th. BidaskClub lowered Silicon Laboratories from a “buy” rating to a “hold” rating in a report on Thursday, January 31st. Benchmark cut their price target on Silicon Laboratories from $110.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, January 30th. Zacks Investment Research raised Silicon Laboratories from a “hold” rating to a “buy” rating and set a $101.00 price target for the company in a report on Saturday, January 26th. Finally, Barclays reaffirmed a “hold” rating and issued a $80.00 price target on shares of Silicon Laboratories in a report on Thursday, January 31st.

In related news, Director William G. Bock sold 1,000 shares of the stock in a transaction on Friday, February 15th. The stock was sold at an average price of $87.74, for a total value of $87,740.00. Following the sale, the director now owns 38,751 shares in the company, valued at $3,400,012.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.10% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. NumerixS Investment Technologies Inc purchased a new stake in shares of Silicon Laboratories in the fourth quarter worth $71,000. Advisor Group Inc. raised its position in shares of Silicon Laboratories by 13.9% in the fourth quarter. Advisor Group Inc. now owns 1,345 shares of the semiconductor company’s stock worth $106,000 after buying an additional 164 shares in the last quarter. Stephens Inc. AR raised its position in shares of Silicon Laboratories by 47.9% in the fourth quarter. Stephens Inc. AR now owns 2,015 shares of the semiconductor company’s stock worth $159,000 after buying an additional 653 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Silicon Laboratories in the third quarter worth $241,000. Finally, Tower Research Capital LLC TRC raised its position in shares of Silicon Laboratories by 283.0% in the third quarter. Tower Research Capital LLC TRC now owns 2,658 shares of the semiconductor company’s stock worth $244,000 after buying an additional 1,964 shares in the last quarter. Institutional investors own 92.66% of the company’s stock.

Silicon Laboratories stock opened at $79.68 on Friday. Silicon Laboratories has a one year low of $73.13 and a one year high of $110.70. The company has a debt-to-equity ratio of 0.33, a current ratio of 5.71 and a quick ratio of 5.19. The firm has a market capitalization of $3.48 billion, a PE ratio of 27.86, a P/E/G ratio of 2.94 and a beta of 1.47.

Silicon Laboratories (NASDAQ:SLAB) last posted its quarterly earnings results on Wednesday, January 30th. The semiconductor company reported $0.91 EPS for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.03). Silicon Laboratories had a return on equity of 12.13% and a net margin of 9.63%. The company had revenue of $215.50 million during the quarter, compared to the consensus estimate of $224.21 million. During the same period in the previous year, the business earned $0.93 earnings per share. Silicon Laboratories’s revenue was up 7.2% on a year-over-year basis. Analysts anticipate that Silicon Laboratories will post 1.82 EPS for the current fiscal year.

Silicon Laboratories Company Profile

Silicon Laboratories Inc, a fabless semiconductor company, designs, develops, and markets mixed-signal integrated circuits (ICs) in the United States, China, and internationally. The company offers Internet of things products, including 8-bit mixed-signal, 32-bit wireless, and ultra-low-power 32-bit microcontrollers; wireless connectivity devices, such as multiprotocol wireless Gecko system-on-chip devices; real-time operating systems; sensor products comprising optical, relative humidity/temperature, and hall effect magnetic sensors.

Further Reading: Cost of Debt

Analyst Recommendations for Silicon Laboratories (NASDAQ:SLAB)

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