Silicon Laboratories (NASDAQ:SLAB) Given Hold Rating at Benchmark

Benchmark restated their hold rating on shares of Silicon Laboratories (NASDAQ:SLAB) in a research note published on Tuesday morning, Benzinga reports.

A number of other brokerages have also recently weighed in on SLAB. KeyCorp dropped their price objective on Silicon Laboratories from $150.00 to $115.00 and set an “overweight” rating for the company in a research note on Tuesday. StockNews.com raised Silicon Laboratories to a “sell” rating in a research report on Wednesday, October 30th. Barclays reduced their price target on shares of Silicon Laboratories from $120.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Needham & Company LLC restated a “buy” rating and issued a $150.00 price objective on shares of Silicon Laboratories in a report on Thursday, July 25th. Finally, JPMorgan Chase & Co. cut their target price on shares of Silicon Laboratories from $150.00 to $135.00 and set an “overweight” rating on the stock in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $121.50.

Silicon Laboratories Price Performance

NASDAQ SLAB opened at $104.46 on Tuesday. Silicon Laboratories has a 12 month low of $90.65 and a 12 month high of $154.91. The stock has a market capitalization of $3.37 billion, a P/E ratio of -16.85 and a beta of 1.20. The firm’s 50-day moving average is $112.56 and its two-hundred day moving average is $115.56.

Silicon Laboratories (NASDAQ:SLAB) last issued its quarterly earnings data on Monday, November 4th. The semiconductor company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.07. Silicon Laboratories had a negative net margin of 36.53% and a negative return on equity of 9.13%. The firm had revenue of $166.00 million for the quarter, compared to analyst estimates of $165.50 million. During the same period in the prior year, the business posted $0.48 EPS. The business’s revenue for the quarter was down 18.5% compared to the same quarter last year. As a group, analysts anticipate that Silicon Laboratories will post -3.41 EPS for the current year.

Insiders Place Their Bets

In other news, SVP Brandon Tolany sold 845 shares of Silicon Laboratories stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $115.00, for a total transaction of $97,175.00. Following the completion of the sale, the senior vice president now directly owns 43,615 shares of the company’s stock, valued at approximately $5,015,725. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.72% of the stock is currently owned by company insiders.

Institutional Trading of Silicon Laboratories

Institutional investors have recently bought and sold shares of the business. Cullen Frost Bankers Inc. purchased a new position in shares of Silicon Laboratories in the 2nd quarter valued at about $28,000. Fidelis Capital Partners LLC acquired a new position in Silicon Laboratories in the first quarter valued at approximately $55,000. GAMMA Investing LLC increased its stake in Silicon Laboratories by 84.1% in the third quarter. GAMMA Investing LLC now owns 497 shares of the semiconductor company’s stock valued at $57,000 after purchasing an additional 227 shares during the last quarter. Daiwa Securities Group Inc. acquired a new stake in Silicon Laboratories during the second quarter worth approximately $60,000. Finally, Lazard Asset Management LLC purchased a new stake in shares of Silicon Laboratories during the 1st quarter worth approximately $103,000.

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.