Silicon Laboratories Inc. (NASDAQ:SLAB – Get Rating) – KeyCorp issued their Q1 2024 earnings per share (EPS) estimates for Silicon Laboratories in a report released on Wednesday, February 1st. KeyCorp analyst J. Vinh anticipates that the semiconductor company will post earnings of $0.82 per share for the quarter. KeyCorp currently has a "Overweight" rating and a $210.00 price target on the stock. The consensus estimate for Silicon Laboratories' current full-year earnings is $2.46 per share. KeyCorp also issued estimates for Silicon Laboratories' Q2 2024 earnings at $0.98 EPS, Q3 2024 earnings at $1.16 EPS and Q4 2024 earnings at $1.31 EPS.
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Several other research firms have also issued reports on SLAB. Morgan Stanley lifted their target price on Silicon Laboratories from $151.00 to $207.00 and gave the company an "equal weight" rating in a research note on Thursday. Needham & Company LLC lowered Silicon Laboratories from a "buy" rating to a "hold" rating in a research note on Thursday, October 27th. Wells Fargo & Company lifted their target price on Silicon Laboratories from $155.00 to $190.00 and gave the company an "overweight" rating in a research note on Thursday. Cowen lifted their target price on Silicon Laboratories from $175.00 to $200.00 and gave the company an "outperform" rating in a research note on Thursday. Finally, StockNews.com began coverage on Silicon Laboratories in a research note on Wednesday, October 12th. They issued a "hold" rating on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $179.00.
Silicon Laboratories Stock Performance
SLAB stock opened at $183.61 on Monday. The business has a 50-day moving average price of $145.61 and a 200 day moving average price of $136.56. Silicon Laboratories has a 1-year low of $109.44 and a 1-year high of $190.03. The company has a debt-to-equity ratio of 0.38, a current ratio of 7.87 and a quick ratio of 7.47. The company has a market capitalization of $5.86 billion, a P/E ratio of 72.29 and a beta of 1.14.
Institutional Investors Weigh In On Silicon Laboratories
A number of large investors have recently bought and sold shares of the company. Alliancebernstein L.P. boosted its position in Silicon Laboratories by 0.3% in the third quarter. Alliancebernstein L.P. now owns 728,274 shares of the semiconductor company's stock valued at $89,898,000 after buying an additional 2,232 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Silicon Laboratories by 3.2% in the third quarter. Dimensional Fund Advisors LP now owns 560,154 shares of the semiconductor company's stock valued at $69,148,000 after acquiring an additional 17,510 shares during the period. Macquarie Group Ltd. lifted its holdings in Silicon Laboratories by 1.1% in the third quarter. Macquarie Group Ltd. now owns 550,802 shares of the semiconductor company's stock valued at $68,062,000 after acquiring an additional 6,259 shares during the period. Eagle Asset Management Inc. lifted its holdings in Silicon Laboratories by 21.3% in the second quarter. Eagle Asset Management Inc. now owns 507,636 shares of the semiconductor company's stock valued at $71,180,000 after acquiring an additional 89,166 shares during the period. Finally, Pathstone Family Office LLC lifted its holdings in Silicon Laboratories by 0.3% in the third quarter. Pathstone Family Office LLC now owns 439,448 shares of the semiconductor company's stock valued at $54,245,000 after acquiring an additional 1,158 shares during the period. Hedge funds and other institutional investors own 99.56% of the company's stock.
Insider Transactions at Silicon Laboratories
In related news, Director Nina Richardson sold 912 shares of the company's stock in a transaction that occurred on Friday, January 27th. The stock was sold at an average price of $160.00, for a total value of $145,920.00. Following the sale, the director now owns 5,908 shares in the company, valued at $945,280. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.61% of the company's stock.
Silicon Laboratories Company Profile
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Silicon Laboratories, Inc designs and develops analog-intensive and mixed-signal integrated circuits. The firm offers microcontrollers, wireless, sensors, USB bridges, analog, clocks and oscillators, isolators, power, audio and radio, modems and TV and video product categories. It provides solutions for automotive, communications, data centers, healthcare & fitness, home automation & entertainment, industrial automation & power and retail industries.
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