Silicon Laboratories (NASDAQ:SLAB) Upgraded to Sell at StockNews.com

StockNews.com upgraded shares of Silicon Laboratories (NASDAQ:SLAB) to a sell rating in a report published on Wednesday.

Several other research analysts also recently commented on SLAB. Summit Insights downgraded shares of Silicon Laboratories from a buy rating to a hold rating in a report on Wednesday, April 24th. JPMorgan Chase & Co. reduced their target price on Silicon Laboratories from $165.00 to $150.00 and set an overweight rating for the company in a report on Thursday, April 25th. Needham & Company LLC upgraded shares of Silicon Laboratories from a hold rating to a buy rating and set a $150.00 price objective for the company in a research report on Thursday, April 25th. TD Cowen decreased their target price on shares of Silicon Laboratories from $155.00 to $145.00 and set a buy rating on the stock in a report on Thursday, April 25th. Finally, Barclays lowered their target price on shares of Silicon Laboratories from $140.00 to $120.00 and set an equal weight rating on the stock in a research note on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus price target of $135.00.

Silicon Laboratories Stock Down 0.5 %

Silicon Laboratories stock opened at $127.58 on Wednesday. The firm has a 50 day moving average price of $128.55 and a 200-day moving average price of $125.49. Silicon Laboratories has a twelve month low of $74.56 and a twelve month high of $166.94. The company has a market capitalization of $4.07 billion, a P/E ratio of -38.54 and a beta of 1.25.

Silicon Laboratories (NASDAQ:SLAB) last released its earnings results on Wednesday, April 24th. The semiconductor company reported ($1.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.29) by ($0.05). The firm had revenue of $106.38 million during the quarter, compared to analysts’ expectations of $104.45 million. Silicon Laboratories had a negative return on equity of 4.45% and a negative net margin of 16.36%. Equities analysts expect that Silicon Laboratories will post -3.1 EPS for the current fiscal year.

Institutional Investors Weigh In On Silicon Laboratories

A number of large investors have recently added to or reduced their stakes in SLAB. Orion Portfolio Solutions LLC raised its holdings in shares of Silicon Laboratories by 1.1% during the 1st quarter. Orion Portfolio Solutions LLC now owns 9,858 shares of the semiconductor company’s stock valued at $1,417,000 after buying an additional 103 shares in the last quarter. L. Roy Papp & Associates LLP raised its stake in shares of Silicon Laboratories by 1.2% during the fourth quarter. L. Roy Papp & Associates LLP now owns 9,920 shares of the semiconductor company’s stock worth $1,312,000 after acquiring an additional 120 shares in the last quarter. Coldstream Capital Management Inc. lifted its holdings in shares of Silicon Laboratories by 6.9% in the 4th quarter. Coldstream Capital Management Inc. now owns 2,431 shares of the semiconductor company’s stock worth $322,000 after acquiring an additional 157 shares during the last quarter. CWM LLC boosted its stake in shares of Silicon Laboratories by 78.1% in 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 in the last quarter. Finally, Linden Thomas Advisory Services LLC grew its holdings in shares of Silicon Laboratories by 2.0% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 8,871 shares of the semiconductor company’s stock valued at $1,173,000 after purchasing an additional 177 shares during the last quarter.

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.