Recent Research Analysts’ Ratings Updates for Silicon Laboratories (SLAB)

Silicon Laboratories (NASDAQ: SLAB) has recently received a number of price target changes and ratings updates:

• 4/25/2024 – Silicon Laboratories had its price target lowered by analysts at JPMorgan Chase & Co. from $165.00 to $150.00. They now have an “overweight” rating on the stock.
• 4/25/2024 – Silicon Laboratories had its price target lowered by analysts at Citigroup Inc. from $137.00 to $120.00. They now have a “neutral” rating on the stock.
• 4/25/2024 – Silicon Laboratories had its “hold” rating reaffirmed by analysts at Benchmark Co..
• 4/25/2024 – Silicon Laboratories had its price target lowered by analysts at Barclays PLC from $140.00 to $120.00. They now have an “equal weight” rating on the stock.
• 4/25/2024 – Silicon Laboratories had its price target lowered by analysts at TD Cowen from $155.00 to $145.00. They now have a “buy” rating on the stock.
• 4/25/2024 – Silicon Laboratories was upgraded by analysts at Needham & Company LLC from a “hold” rating to a “buy” rating. They now have a $150.00 price target on the stock.
• 4/24/2024 – Silicon Laboratories was downgraded by analysts at Summit Insights from a “buy” rating to a “hold” rating.

Silicon Laboratories Trading Down 1.9 %

Shares of SLAB stock traded down $2.32 on Tuesday, reaching $121.43. 228,952 shares of the stock were exchanged, compared to its average volume of 327,035. Silicon Laboratories Inc. has a twelve month low of $74.56 and a twelve month high of $166.94. The company has a market capitalization of $3.88 billion, a price-to-earnings ratio of -36.69 and a beta of 1.27. The business’s 50 day moving average price is $133.25 and its 200 day moving average price is $122.29.

Silicon Laboratories (NASDAQ:SLAB) last released its quarterly earnings data on Wednesday, April 24th. The semiconductor company reported ($1.34) EPS for the quarter, missing analysts’ consensus estimates of ($1.29) by ($0.05). The business had revenue of $106.38 million during the quarter, compared to analysts’ expectations of $104.45 million. Silicon Laboratories had a negative net margin of 16.36% and a negative return on equity of 4.45%. Equities research analysts forecast that Silicon Laboratories Inc. will post -1.66 earnings per share for the current year.

Institutional Investors Weigh In On Silicon Laboratories

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Venturi Wealth Management LLC acquired a new stake in shares of Silicon Laboratories during the third quarter worth about $30,000. GAMMA Investing LLC purchased a new stake in Silicon Laboratories during the fourth quarter worth $36,000. Gladius Capital Management LP increased its holdings in Silicon Laboratories by 328.7% during the 4th quarter. Gladius Capital Management LP now owns 373 shares of the semiconductor company’s stock valued at $49,000 after acquiring an additional 286 shares in the last quarter. CWM LLC raised its position in shares of Silicon Laboratories by 78.1% during the 4th quarter. CWM LLC now owns 374 shares of the semiconductor company’s stock worth $49,000 after purchasing an additional 164 shares during the last quarter. Finally, Mather Group LLC. acquired a new position in shares of Silicon Laboratories in the first quarter worth $63,000.

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.