Stifel Nicolaus Issues Positive Forecast for Silicon Laboratories (NASDAQ:SLAB) Stock Price

Silicon Laboratories (NASDAQ:SLAB) had its price objective upped by Stifel Nicolaus from $135.00 to $145.00 in a research report released on Monday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the semiconductor company’s stock.

A number of other equities analysts also recently commented on SLAB. Barclays lowered their price objective on Silicon Laboratories from $120.00 to $75.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 5th. Morgan Stanley dropped their price objective on shares of Silicon Laboratories from $123.00 to $97.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 5th. JPMorgan Chase & Co. decreased their price objective on shares of Silicon Laboratories from $150.00 to $135.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. StockNews.com raised Silicon Laboratories to a “sell” rating in a report on Friday, November 8th. Finally, KeyCorp cut their price target on Silicon Laboratories from $150.00 to $115.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Silicon Laboratories presently has a consensus rating of “Hold” and an average target price of $123.56.

Silicon Laboratories Stock Down 0.8 %

Silicon Laboratories stock opened at $128.05 on Monday. Silicon Laboratories has a 52-week low of $94.00 and a 52-week high of $154.91. The firm has a market cap of $4.15 billion, a PE ratio of -17.30 and a beta of 1.17. The company’s 50 day moving average is $116.62 and its two-hundred day moving average is $113.76.

Silicon Laboratories (NASDAQ:SLAB) last announced its quarterly earnings data on Monday, November 4th. The semiconductor company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.07. Silicon Laboratories had a negative return on equity of 12.60% and a negative net margin of 46.93%. The business had revenue of $166.00 million for the quarter, compared to analysts’ expectations of $165.50 million. During the same period last year, the firm earned $0.48 earnings per share. The company’s revenue for the quarter was down 18.5% compared to the same quarter last year. On average, equities research analysts anticipate that Silicon Laboratories will post -3.56 earnings per share for the current fiscal year.

Institutional Trading of Silicon Laboratories

A number of large investors have recently made changes to their positions in SLAB. Rhumbline Advisers boosted its holdings in shares of Silicon Laboratories by 0.3% in the second quarter. Rhumbline Advisers now owns 100,786 shares of the semiconductor company’s stock valued at $11,150,000 after acquiring an additional 292 shares during the period. Victory Capital Management Inc. raised its position in Silicon Laboratories by 2.3% in the 2nd quarter. Victory Capital Management Inc. now owns 6,638 shares of the semiconductor company’s stock valued at $734,000 after purchasing an additional 150 shares during the last quarter. Arizona State Retirement System boosted its stake in Silicon Laboratories by 2.3% during the 2nd quarter. Arizona State Retirement System now owns 8,936 shares of the semiconductor company’s stock worth $989,000 after purchasing an additional 202 shares during the period. Cullen Frost Bankers Inc. purchased a new position in Silicon Laboratories during the 2nd quarter worth $28,000. Finally, Strategic Financial Concepts LLC acquired a new position in Silicon Laboratories in the second quarter valued at $1,283,000.

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.