Silicon Laboratories (NASDAQ:SLAB) Trading Up 4.4%

Silicon Laboratories Inc. (NASDAQ:SLAB)’s share price rose 4.4% during mid-day trading on Monday . The stock traded as high as $115.42 and last traded at $115.22. Approximately 101,177 shares changed hands during mid-day trading, a decline of 67% from the average daily volume of 306,575 shares. The stock had previously closed at $110.33.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on SLAB shares. TD Cowen decreased their price objective on Silicon Laboratories from $155.00 to $145.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Benchmark reissued a “hold” rating on shares of Silicon Laboratories in a research report on Thursday, April 25th. Barclays dropped their target price on Silicon Laboratories from $140.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 25th. JPMorgan Chase & Co. dropped their target price on Silicon Laboratories from $165.00 to $150.00 and set an “overweight” rating on the stock in a research report on Thursday, April 25th. Finally, 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 report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Silicon Laboratories currently has an average rating of “Hold” and a consensus price target of $135.00.

Silicon Laboratories Stock Performance

The company has a 50-day simple moving average of $118.97 and a two-hundred day simple moving average of $126.60. The stock has a market cap of $3.68 billion, a price-to-earnings ratio of -34.87 and a beta of 1.20.

Silicon Laboratories (NASDAQ:SLAB) last issued its earnings results on Wednesday, April 24th. The semiconductor company reported ($1.34) EPS for the quarter, missing the consensus estimate of ($1.29) by ($0.05). Silicon Laboratories had a negative return on equity of 4.45% and a negative net margin of 16.36%. The business had revenue of $106.38 million for the quarter, compared to the consensus estimate of $104.45 million. As a group, sell-side analysts predict that Silicon Laboratories Inc. will post -3.21 earnings per share for the current fiscal year.

Insider Transactions at Silicon Laboratories

In other news, CEO Robert Matthew Johnson sold 7,230 shares of Silicon Laboratories stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $123.80, for a total transaction of $895,074.00. Following the completion of the transaction, the chief executive officer now directly owns 47,910 shares in the company, valued at approximately $5,931,258. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.72% of the stock is currently owned by corporate insiders.

Institutional Trading of Silicon Laboratories

Several institutional investors have recently added to or reduced their stakes in SLAB. GAMMA Investing LLC bought a new stake in Silicon Laboratories in the 4th quarter valued at $36,000. Gladius Capital Management LP lifted its position in shares of 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 during the period. CWM LLC lifted 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 valued at $49,000 after acquiring an additional 164 shares during the period. Fidelis Capital Partners LLC bought a new stake in shares of Silicon Laboratories during the 1st quarter valued at $55,000. Finally, Mather Group LLC. bought a new stake in shares of Silicon Laboratories during the 1st quarter valued at $63,000.

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.