Silicon Laboratories (NASDAQ:SLAB) Price Target Lowered to $150.00 at JPMorgan Chase & Co.

Silicon Laboratories (NASDAQ:SLAB) had its target price decreased by JPMorgan Chase & Co. from $165.00 to $150.00 in a report issued on Thursday morning, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the semiconductor company’s stock.

Several other analysts have also weighed in on the stock. 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 note on Thursday. Summit Insights lowered shares of Silicon Laboratories from a buy rating to a hold rating in a research note on Wednesday. TD Cowen lowered their price objective on shares of Silicon Laboratories from $155.00 to $145.00 and set a buy rating for the company in a research note on Thursday. Barclays lifted their price objective on shares of Silicon Laboratories from $120.00 to $140.00 and gave the company an equal weight rating in a research note on Thursday, February 8th. Finally, Stifel Nicolaus lifted their price objective on shares of Silicon Laboratories from $136.00 to $155.00 and gave the company a buy rating in a research note on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, Silicon Laboratories has a consensus rating of Hold and an average price target of $135.00.

Silicon Laboratories Stock Performance

Silicon Laboratories stock opened at $122.13 on Thursday. Silicon Laboratories has a 52-week low of $74.56 and a 52-week high of $166.94. The firm has a 50 day moving average price of $133.57 and a two-hundred day moving average price of $122.19. The firm has a market cap of $3.90 billion, a price-to-earnings ratio of -36.90 and a beta of 1.27.

Silicon Laboratories (NASDAQ:SLAB) last released its quarterly earnings results on Wednesday, April 24th. The semiconductor company reported ($1.34) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $106.38 million for the quarter, compared to the consensus estimate of $104.45 million. As a group, equities research analysts predict that Silicon Laboratories will post -1.66 EPS for the current fiscal year.

Institutional Trading of Silicon Laboratories

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. L. Roy Papp & Associates LLP increased its stake in Silicon Laboratories by 1.2% during the 4th quarter. L. Roy Papp & Associates LLP now owns 9,920 shares of the semiconductor company’s stock valued at $1,312,000 after purchasing an additional 120 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Silicon Laboratories by 20.0% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 733 shares of the semiconductor company’s stock worth $85,000 after acquiring an additional 122 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in Silicon Laboratories by 31.7% during the 3rd quarter. Global Retirement Partners LLC now owns 507 shares of the semiconductor company’s stock worth $58,000 after acquiring an additional 122 shares during the last quarter. Coldstream Capital Management Inc. boosted its holdings in Silicon Laboratories by 6.9% during 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. Finally, CWM LLC boosted its holdings in Silicon Laboratories by 78.1% during the 4th quarter. CWM LLC now owns 374 shares of the semiconductor company’s stock worth $49,000 after acquiring an additional 164 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.