In yesterday’s Wall Street session, Silicon Laboratories Inc. (NASDAQ:SLAB) shares traded at $168.88, down -0.54% from the previous session.
10 analysts cover Silicon Laboratories Inc. (NASDAQ:SLAB), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $220.00 and a low of $100.00, we find $200.00. Given the previous closing price of $169.80, this indicates a potential upside of 17.79 percent. SLAB stock price is now 2.33% away from the 50-day moving average and 18.89% away from the 200-day moving average. The market capitalization of the company currently stands at $5.46B.
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The stock has received a hold rating from 4 analysts and a buy rating from 4. Brokers who have rated the stock have averaged $187.57 as their price target over the next twelve months.
On December 07, 2022, Cowen reiterated its ‘Outperform’ rating on the stock by increasing its target price from $150 to quote $175, while ‘Needham’ rates the stock as ‘Hold’.
In other news, Richardson Nina, Director sold 912 shares of the company’s stock on Jan 27. The stock was sold for $145,920 at an average price of $160.00. Upon completion of the transaction, the Director now directly owns 5,908 shares in the company, valued at $1.0 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 15, Director Richardson Nina sold 1,351 shares of the business’s stock. A total of $195,895 was realized by selling the stock at an average price of $145.00. This leaves the insider owning 6,820 shares of the company worth $1.15 million. Insiders disposed of 34,154 shares of company stock worth roughly $5.77 million over the past 1 year. A total of 0.70% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SLAB stock. A new stake in Silicon Laboratories Inc. shares was purchased by TUDOR INVESTMENT CORP ET AL during the first quarter worth $9,671,000. JANE STREET GROUP, LLC invested $7,318,000 in shares of SLAB during the first quarter. In the first quarter, CAPITAL FUND MANAGEMENT S.A. acquired a new stake in Silicon Laboratories Inc. valued at approximately $4,593,000. AMALGAMATED FINANCIAL CORP. acquired a new stake in SLAB for approximately $4,387,000. FISHER ASSET MANAGEMENT, LLC purchased a new stake in SLAB valued at around $2,335,000 in the second quarter.
On Monday morning Silicon Laboratories Inc. (NASDAQ: SLAB) stock kicked off with the opening price of $168.00. During the past 12 months, Silicon Laboratories Inc. has had a low of $109.44 and a high of $194.68. As of last week, the company has a debt-to-equity ratio of 0.38, a current ratio of 7.90, and a quick ratio of 7.30. The fifty day moving average price for SLAB is $165.03 and a two-hundred day moving average price translates $142.05 for the stock.
The latest earnings results from Silicon Laboratories Inc. (NASDAQ: SLAB) was released for Dec, 2022. According to the Semiconductors Company, earnings per share came in at $1.31, beating analysts’ expectations of $0.98 by 0.33. This compares to $0.20 EPS in the same period last year. The net profit margin was 8.90% and return on equity was 5.60% for SLAB. The company reported revenue of $257.32 million for the quarter, compared to $208.68 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 23.31 percent. For the current quarter, analysts expect SLAB to generate $247.48M in revenue.
Silicon Laboratories Inc.(SLAB) 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 Internet of Things (IoT), including connected home and security, industrial automation and control, smart metering, smart lighting, commercial building automation, consumer electronics, asset tracking, and medical instrumentation. The company sells its products through its direct sales force, as well as through a network of independent sales representatives and distributors. Silicon Laboratories Inc. was founded in 1996 and is headquartered in Austin, Texas.
