Silicon Laboratories Inc (NASDAQ: SLAB)’s stock price has gone decline by -8.69 in comparison to its previous close of 125.41, however, the company has experienced a -5.77% decrease in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-23 that Here we take a sneak peek into how these semiconductor stocks – LRCX, SLAB, MXL and PI – are poised ahead of their earnings releases.
Is It Worth Investing in Silicon Laboratories Inc (NASDAQ: SLAB) Right Now?
SLAB has 36-month beta value of 1.24. Analysts have mixed views on the stock, with 5 analysts rating it as a “buy,” 3 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for SLAB is 31.28M, and currently, short sellers hold a 4.98% ratio of that float. The average trading volume of SLAB on April 24, 2024 was 317.65K shares.
SLAB’s Market Performance
The stock of Silicon Laboratories Inc (SLAB) has seen a -5.77% decrease in the past week, with a -13.64% drop in the past month, and a -13.90% fall in the past quarter. The volatility ratio for the week is 4.31%, and the volatility levels for the past 30 days are at 3.57% for SLAB. The simple moving average for the past 20 days is -11.76% for SLAB’s stock, with a -9.22% simple moving average for the past 200 days.
Analysts’ Opinion of SLAB
TD Cowen, on the other hand, stated in their research note that they expect to see SLAB reach a price target of $155, previously predicting the price at $140. The rating they have provided for SLAB stocks is “Outperform” according to the report published on February 08th, 2024.
JP Morgan gave a rating of “Overweight” to SLAB, setting the target price at $145 in the report published on December 08th of the previous year.
SLAB Trading at -15.09% from the 50-Day Moving Average
After a stumble in the market that brought SLAB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -31.93% of loss for the given period.
Volatility was left at 3.57%, however, over the last 30 days, the volatility rate increased by 4.31%, as shares sank -13.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -20.75% lower at present.
During the last 5 trading sessions, SLAB fell by -5.69%, which changed the moving average for the period of 200-days by -28.39% in comparison to the 20-day moving average, which settled at $128.87. In addition, Silicon Laboratories Inc saw -13.42% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SLAB starting from Johnson Robert Matthew, who sale 3,679 shares at the price of $108.22 back on Dec 04 ’23. After this action, Johnson Robert Matthew now owns 31,050 shares of Silicon Laboratories Inc, valued at $398,141 using the latest closing price.
Johnson Robert Matthew, the President & CEO of Silicon Laboratories Inc, sale 3,534 shares at $115.23 during a trade that took place back on Oct 02 ’23, which means that Johnson Robert Matthew is holding 34,729 shares at $407,223 based on the most recent closing price.
Stock Fundamentals for SLAB
Current profitability levels for the company are sitting at:
- -0.16 for the present operating margin
- 0.57 for the gross margin
The net margin for Silicon Laboratories Inc stands at -0.16. The total capital return value is set at -0.08. Equity return is now at value -2.64, with -1.91 for asset returns.
Currently, EBITDA for the company is 26.93 million with net debt to EBITDA at 3.56. When we switch over and look at the enterprise to sales, we see a ratio of 5.42. The receivables turnover for the company is 19.68for trailing twelve months and the total asset turnover is 0.48. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.51.
Conclusion
To put it simply, Silicon Laboratories Inc (SLAB) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
