Silicon Laboratories (NASDAQ:SLAB) Stock Price Down 3.4% – Should You Sell?

Silicon Laboratories Inc. (NASDAQ:SLAB)’s share price was down 3.4% on Friday . The stock traded as low as $136.71 and last traded at $136.64. Approximately 51,884 shares were traded during trading, a decline of 82% from the average daily volume of 289,260 shares. The stock had previously closed at $141.51.

Analysts Set New Price Targets

A number of brokerages have issued reports on SLAB. Benchmark reaffirmed a “hold” rating on shares of Silicon Laboratories in a research report on Tuesday, November 5th. JPMorgan Chase & Co. decreased their price target on Silicon Laboratories from $150.00 to $135.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Stifel Nicolaus boosted their price objective on Silicon Laboratories from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Morgan Stanley decreased their target price on Silicon Laboratories from $123.00 to $97.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 5th. Finally, Susquehanna started coverage on shares of Silicon Laboratories in a report on Tuesday, December 17th. They issued a “neutral” rating and a $130.00 price target on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $133.56.

Silicon Laboratories Price Performance

The company has a market capitalization of $4.38 billion, a P/E ratio of -18.25 and a beta of 1.17. The company has a 50 day moving average of $122.62 and a 200-day moving average of $115.61.

Silicon Laboratories (NASDAQ:SLAB) last posted its earnings results on Monday, November 4th. The semiconductor company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.07. The firm had revenue of $166.00 million for the quarter, compared to analysts’ expectations of $165.50 million. Silicon Laboratories had a negative return on equity of 12.60% and a negative net margin of 46.93%. The business’s revenue was down 18.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.48 earnings per share. Research analysts predict that Silicon Laboratories Inc. will post -3.56 EPS for the current fiscal year.

Insider Activity at Silicon Laboratories

In related news, Director William G. Bock sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $140.77, for a total value of $281,540.00. Following the sale, the director now owns 32,115 shares in the company, valued at $4,520,828.55. This represents a 5.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.72% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SLAB. Pacer Advisors Inc. boosted its stake in shares of Silicon Laboratories by 1.8% in the fourth quarter. Pacer Advisors Inc. now owns 4,839 shares of the semiconductor company’s stock worth $601,000 after acquiring an additional 87 shares during the period. Procyon Advisors LLC lifted its position in shares of Silicon Laboratories by 4.4% in the fourth quarter. Procyon Advisors LLC now owns 3,176 shares of the semiconductor company’s stock worth $395,000 after buying an additional 133 shares in the last quarter. Advisors Asset Management Inc. raised its stake in Silicon Laboratories by 159.4% during the third quarter. Advisors Asset Management Inc. now owns 275 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 169 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Silicon Laboratories by 84.1% in the 3rd quarter. GAMMA Investing LLC now owns 497 shares of the semiconductor company’s stock valued at $57,000 after acquiring an additional 227 shares during the last quarter. Finally, US Bancorp DE increased its stake in Silicon Laboratories by 14.0% during the third quarter. US Bancorp DE now owns 1,892 shares of the semiconductor company’s stock worth $219,000 after acquiring an additional 232 shares during the last quarter.

Silicon Laboratories 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 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.