Benchmark Reiterates “Hold” Rating for Silicon Laboratories (NASDAQ:SLAB)

Silicon Laboratories (NASDAQ:SLAB)‘s stock had its “hold” rating reissued by investment analysts at Benchmark in a research report issued to clients and investors on Thursday, Benzinga reports.

A number of other research analysts have also weighed in on SLAB. Stifel Nicolaus upped their price objective on Silicon Laboratories from $136.00 to $155.00 and gave the stock a “buy” rating in a report on Tuesday, January 2nd. JPMorgan Chase & Co. upped their price objective on Silicon Laboratories from $145.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Needham & Company LLC raised Silicon Laboratories from a “hold” rating to a “buy” rating and set a $150.00 price objective on the stock in a report on Thursday. TD Cowen lowered their target price on Silicon Laboratories from $155.00 to $145.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Barclays upped their target price on Silicon Laboratories from $120.00 to $140.00 and gave the company an “equal weight” rating in a report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Silicon Laboratories currently has a consensus rating of “Hold” and a consensus target price of $135.00.

Silicon Laboratories Price Performance

Silicon Laboratories stock opened at $122.13 on Thursday. Silicon Laboratories has a 12 month low of $74.56 and a 12 month high of $166.94. The business has a 50 day simple moving average of $133.57 and a 200-day simple moving average of $122.15. The stock has a market capitalization of $3.90 billion, a PE ratio of -36.90 and a beta of 1.27.

Silicon Laboratories (NASDAQ:SLAB) last announced its quarterly earnings data on Wednesday, April 24th. The semiconductor company reported ($1.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.29) by ($0.05). Silicon Laboratories had a negative return on equity of 4.45% and a negative net margin of 16.36%. The business had revenue of $106.38 million for the quarter, compared to analyst estimates of $104.45 million. As a group, equities research analysts anticipate that Silicon Laboratories will post -1.66 EPS for the current year.

Institutional Trading of Silicon Laboratories

Large investors have recently made changes to their positions in the stock. Venturi Wealth Management LLC acquired a new stake in shares of Silicon Laboratories during the third quarter valued at $30,000. GAMMA Investing LLC purchased a new position in Silicon Laboratories during the fourth quarter worth about $36,000. Gladius Capital Management LP lifted its position in Silicon Laboratories by 328.7% during the fourth quarter. Gladius Capital Management LP now owns 373 shares of the semiconductor company’s stock worth $49,000 after buying an additional 286 shares during the period. CWM LLC lifted its position in Silicon Laboratories by 78.1% during the fourth quarter. CWM LLC now owns 374 shares of the semiconductor company’s stock worth $49,000 after buying an additional 164 shares during the period. Finally, Global Retirement Partners LLC lifted its position in Silicon Laboratories by 31.7% during the third quarter. Global Retirement Partners LLC now owns 507 shares of the semiconductor company’s stock worth $58,000 after buying an additional 122 shares during the period.

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.