Posted by admin on Apr 27th, 2022
Silicon Laboratories (NASDAQ:SLAB – Get Rating) had its price target lifted by equities research analysts at Stifel Nicolaus from $200.00 to $210.00 in a research note issued to investors on Wednesday, The Fly reports. Stifel Nicolaus’ price objective would indicate a potential upside of 53.50% from the stock’s current price.
Other analysts have also issued reports about the stock. Morgan Stanley decreased their price target on shares of Silicon Laboratories from $208.00 to $156.00 and set an “equal weight” rating on the stock in a research report on Monday. Needham & Company LLC lifted their price target on shares of Silicon Laboratories from $210.00 to $230.00 and gave the company a “buy” rating in a report on Monday, March 7th. Barclays lifted their price target on shares of Silicon Laboratories from $160.00 to $185.00 in a report on Wednesday, January 12th. Zacks Investment Research downgraded shares of Silicon Laboratories from a “buy” rating to a “hold” rating in a research note on Wednesday, April 6th. Finally, StockNews.com initiated coverage on shares of Silicon Laboratories in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Silicon Laboratories presently has a consensus rating of “Hold” and a consensus price target of $187.22.
SLAB stock traded up $9.53 during midday trading on Wednesday, reaching $136.81. The company had a trading volume of 32,121 shares, compared to its average volume of 407,911. Silicon Laboratories has a 1 year low of $120.15 and a 1 year high of $211.98. The company has a market capitalization of $5.22 billion, a P/E ratio of 2.89 and a beta of 1.24. The company has a 50 day moving average of $143.92 and a two-hundred day moving average of $169.29.
Silicon Laboratories (NASDAQ:SLAB – Get Rating) last released its earnings results on Wednesday, April 27th. The semiconductor company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.41. Silicon Laboratories had a net margin of 258.69% and a return on equity of 4.49%. The company had revenue of $233.80 million during the quarter, compared to the consensus estimate of $226.22 million. During the same quarter in the prior year, the firm earned $0.65 EPS. The company’s revenue was up 48.2% compared to the same quarter last year. As a group, equities research analysts predict that Silicon Laboratories will post 1.56 EPS for the current year.
In other news, SVP Brandon Tolany sold 986 shares of the firm’s stock in a transaction that occurred on Wednesday, February 16th. The shares were sold at an average price of $157.98, for a total transaction of $155,768.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Nina Richardson sold 473 shares of Silicon Laboratories stock in a transaction on Friday, April 22nd. The shares were sold at an average price of $129.60, for a total transaction of $61,300.80. Following the completion of the sale, the director now directly owns 8,171 shares of the company’s stock, valued at approximately $1,058,961.60. The disclosure for this sale can be found here. Insiders sold 2,459 shares of company stock valued at $372,379 in the last three months. Company insiders own 1.61% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SLAB. Fifth Third Bancorp grew its holdings in Silicon Laboratories by 113.3% during the 4th quarter. Fifth Third Bancorp now owns 128 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 68 shares in the last quarter. CWM LLC purchased a new stake in Silicon Laboratories in the fourth quarter worth approximately $26,000. Rockefeller Capital Management L.P. boosted its stake in Silicon Laboratories by 177.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 136 shares of the semiconductor company’s stock worth $28,000 after buying an additional 87 shares in the last quarter. Quent Capital LLC purchased a new stake in Silicon Laboratories in the fourth quarter worth approximately $30,000. Finally, Covestor Ltd bought a new stake in Silicon Laboratories in the fourth quarter valued at approximately $37,000. Institutional investors own 95.97% of the company’s stock.
Silicon Laboratories Company Profile (Get Rating)
Silicon Laboratories Inc, a fabless semiconductor company, provides mixed-signal integrated circuits (ICs) in the United States, China, and internationally. The company offers microcontrollers and wireless products, including 8-bit mixed-signal and ultra-low-power 32-bit microcontrollers (MCU); wireless MCU connectivity solutions; single and multi-protocol system-on-chip (SoC) devices and modules; wireless protocols, MCUs, and SoCs; in-house protocol stacks; Micrium, a real-time operating system that helps simplify software development for IoT developers.It also provides sensor products comprising optical, relative humidity/temperature, and hall effect magnetic sensors; timing devices; multi-channel isolators, isolated drivers, isolated power converters, and mixed-signal devices; broadcast products, which include single-chip hybrid TV tuners and digital video demodulators, as well as AM/FM, HD radio, and DAB/DAB+ receivers; and hybrid software defined radio tuners, data receivers, and digital radio coprocessors.
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