Silicon Laboratories (NASDAQ:SLAB) Stock Rating Lowered by BidaskClub

Silicon Laboratories (NASDAQ:SLAB) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday, May 22nd, BidAskClub reports.

Several other research firms also recently weighed in on SLAB. Zacks Investment Research raised shares of Silicon Laboratories from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 3rd. Needham & Company LLC downgraded shares of Silicon Laboratories from a “buy” rating to a “hold” rating in a research note on Thursday, January 31st. Roth Capital reduced their target price on shares of Silicon Laboratories from $100.00 to $95.00 and set a “buy” rating on the stock in a research note on Thursday, January 31st. Finally, Barclays reaffirmed a “hold” rating and set a $80.00 target price on shares of Silicon Laboratories in a research note on Thursday, January 31st. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $105.70.

SLAB stock traded down $3.34 during midday trading on Wednesday, hitting $95.45. 260,746 shares of the stock traded hands, compared to its average volume of 325,529. Silicon Laboratories has a 1-year low of $73.13 and a 1-year high of $110.43. The firm has a market cap of $4.24 billion, a PE ratio of 33.37, a P/E/G ratio of 3.21 and a beta of 1.64. The company has a debt-to-equity ratio of 0.34, a quick ratio of 5.52 and a current ratio of 6.04.

Silicon Laboratories (NASDAQ:SLAB) last announced its earnings results on Wednesday, April 24th. The semiconductor company reported $0.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.12. Silicon Laboratories had a net margin of 7.35% and a return on equity of 10.74%. The business had revenue of $188.11 million for the quarter, compared to analyst estimates of $188.02 million. During the same quarter last year, the business earned $0.87 earnings per share. The company’s revenue for the quarter was down 8.4% compared to the same quarter last year. Research analysts predict that Silicon Laboratories will post 2.04 earnings per share for the current fiscal year.

In other Silicon Laboratories news, Director Jack R. Lazar sold 750 shares of the business’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $109.75, for a total transaction of $82,312.50. Following the completion of the transaction, the director now owns 14,391 shares in the company, valued at approximately $1,579,412.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Nina Richardson sold 913 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $91.41, for a total transaction of $83,457.33. Following the sale, the director now owns 6,885 shares of the company’s stock, valued at approximately $629,357.85. The disclosure for this sale can be found here. Insiders own 2.10% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. NumerixS Investment Technologies Inc purchased a new stake in Silicon Laboratories in the 4th quarter valued at $71,000. Quadrant Capital Group LLC raised its position in Silicon Laboratories by 866.0% in the 1st quarter. Quadrant Capital Group LLC now owns 995 shares of the semiconductor company’s stock valued at $79,000 after purchasing an additional 892 shares during the last quarter. Advisor Group Inc. raised its position in Silicon Laboratories by 13.9% in the 4th quarter. Advisor Group Inc. now owns 1,345 shares of the semiconductor company’s stock valued at $106,000 after purchasing an additional 164 shares during the last quarter. Stephens Inc. AR raised its position in Silicon Laboratories by 47.9% in the 4th quarter. Stephens Inc. AR now owns 2,015 shares of the semiconductor company’s stock valued at $159,000 after purchasing an additional 653 shares during the last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in Silicon Laboratories in the 1st quarter valued at $161,000. Hedge funds and other institutional investors own 92.05% of the company’s stock.

Silicon Laboratories Company Profile

Silicon Laboratories Inc, a fabless semiconductor company, designs, develops, and markets mixed-signal integrated circuits (ICs) in the United States, China, and internationally. The company offers Internet of things products, including 8-bit mixed-signal, 32-bit wireless, and ultra-low-power 32-bit microcontrollers; wireless connectivity devices, such as multiprotocol wireless Gecko system-on-chip devices; real-time operating systems; sensor products comprising optical, relative humidity/temperature, and hall effect magnetic sensors.

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Analyst Recommendations for Silicon Laboratories (NASDAQ:SLAB)

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