Brokerages Set Silicon Laboratories, Inc. (NASDAQ:SLAB) PT at $218.00

Shares of Silicon Laboratories, Inc. (NASDAQ:SLAB) have been assigned an average rating of “Reduce” from the seven research firms that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $218.00.

SLAB has been the subject of a number of research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Silicon Laboratories in a report on Wednesday, June 24th. Zacks Research downgraded shares of Silicon Laboratories from a “hold” rating to a “strong sell” rating in a report on Tuesday.

Institutional Trading of Silicon Laboratories

Several institutional investors have recently modified their holdings of SLAB. Headlands Technologies LLC purchased a new stake in Silicon Laboratories during the 2nd quarter worth approximately $3,022,000. Susquehanna Fundamental Investments LLC boosted its position in shares of Silicon Laboratories by 588.6% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 17,698 shares of the semiconductor company’s stock valued at $3,868,000 after acquiring an additional 15,128 shares during the last quarter. Moore Capital Management LP boosted its holdings in Silicon Laboratories by 30.0% in the 2nd quarter. Moore Capital Management LP now owns 26,000 shares of the semiconductor company’s stock valued at $5,683,000 after purchasing an additional 6,000 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Silicon Laboratories by 1.4% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 80,508 shares of the semiconductor company’s stock valued at $17,596,000 after acquiring an additional 1,099 shares during the last quarter. Finally, Van ECK Associates Corp raised its holdings in Silicon Laboratories by 70.6% in the 2nd quarter. Van ECK Associates Corp now owns 26,811 shares of the semiconductor company’s stock valued at $5,860,000 after buying an additional 11,092 shares during the period.

Silicon Laboratories Trading Down 0.4%

Shares of SLAB opened at $218.10 on Friday. The stock has a fifty day moving average price of $218.32 and a 200-day moving average price of $212.49. Silicon Laboratories has a 12 month low of $115.50 and a 12 month high of $220.90. The firm has a market cap of $7.28 billion, a PE ratio of -184.83 and a beta of 1.37.

Silicon Laboratories (NASDAQ:SLAB) last issued its quarterly earnings results on Tuesday, August 11th. The semiconductor company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. Silicon Laboratories had a negative return on equity of 0.66% and a negative net margin of 4.57%.The business had revenue of $228.19 million for the quarter, compared to analyst estimates of $227.99 million. During the same quarter in the previous year, the firm earned $0.11 earnings per share. The company’s revenue was up 18.3% on a year-over-year basis. As a group, research analysts forecast that Silicon Laboratories will post 0.52 EPS for the current year.

Silicon Laboratories Company Profile

Silicon Laboratories (NASDAQ:SLAB) is a global semiconductor company that develops high-performance analog and mixed-signal integrated circuits, wireless system-on-chips (SoCs), microcontrollers, and radio frequency (RF) solutions. Its product portfolio is tailored to support the Internet of Things (IoT), infrastructure, industrial automation, consumer electronics, automotive, and energy markets. By combining silicon, software, and tools, Silicon Labs aims to accelerate development cycles and deliver low-power, highly integrated solutions that address demanding application requirements.

Founded in 1996 and headquartered in Austin, Texas, Silicon Labs has grown into a multinational organization with engineering and sales operations across North America, Europe, and Asia.