Silicon Laboratories (NASDAQ:SLAB) PT Lowered to $145.00

Silicon Laboratories (NASDAQ:SLAB) had its price objective decreased by investment analysts at TD Cowen from $155.00 to $145.00 in a research report issued on Thursday, Briefing.com reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. TD Cowen’s price target points to a potential upside of 26.90% from the stock’s previous close.

Several other research firms have also issued reports on SLAB. Needham & Company LLC raised Silicon Laboratories from a “hold” rating to a “buy” rating and set a $150.00 price target for the company in a research report on Thursday. StockNews.com lowered Silicon Laboratories from a “hold” rating to a “sell” rating in a research report on Friday, December 29th. Summit Insights lowered Silicon Laboratories from a “buy” rating to a “hold” rating in a research report on Wednesday. JPMorgan Chase & Co. lifted their price target on Silicon Laboratories from $145.00 to $165.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Finally, Barclays lifted their price target on Silicon Laboratories from $120.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $142.88.

Silicon Laboratories Trading Down 8.9 %

Shares of Silicon Laboratories stock opened at $114.26 on Thursday. The firm has a market capitalization of $3.65 billion, a P/E ratio of -101.11 and a beta of 1.27. The business has a fifty day simple moving average of $134.92 and a two-hundred day simple moving average of $122.17. Silicon Laboratories has a 12 month low of $74.56 and a 12 month high of $166.94.

Silicon Laboratories (NASDAQ:SLAB) last announced its quarterly earnings data on Wednesday, February 7th. The semiconductor company reported ($1.46) EPS for the quarter, beating the consensus estimate of ($1.91) by $0.45. The business had revenue of $86.85 million during the quarter, compared to analyst estimates of $85.32 million. Silicon Laboratories had a positive return on equity of 0.97% and a negative net margin of 4.41%. Analysts predict that Silicon Laboratories will post -1.66 earnings per share for the current year.

Hedge Funds Weigh In On Silicon Laboratories

Hedge funds have recently bought and sold shares of the business. Venturi Wealth Management LLC purchased a new stake in shares of Silicon Laboratories during the 3rd quarter valued at about $30,000. GAMMA Investing LLC purchased a new stake in shares of Silicon Laboratories during the 4th quarter valued at about $36,000. Gladius Capital Management LP increased 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 purchasing an additional 286 shares during the last quarter. CWM LLC increased 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 purchasing an additional 164 shares during the last quarter. Finally, Global Retirement Partners LLC increased its position in shares of Silicon Laboratories by 31.7% during the 3rd quarter. Global Retirement Partners LLC now owns 507 shares of the semiconductor company’s stock valued at $58,000 after purchasing an additional 122 shares during the last quarter.

About Silicon Laboratories

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.