Silicon Laboratories Inc (NASDAQ:SLAB) price on Friday, April 11, rose 1.85% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $89.82.
A look at the stock’s price movement, the close in the last trading session was $88.19, moving within a range at $84.0508 and $90.44. The beta value (5-Year monthly) was 1.326. Turning to its 52-week performance, $160.00 and $82.82 were the 52-week high and 52-week low respectively. Overall, SLAB moved -25.76% over the past month.
Silicon Laboratories Inc’s market cap currently stands at around $2.92 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-03.
Analysts have a consensus estimate of 177.47M for the company’s revenue for the quarter, with a low and high estimate of 177M and 178.07M respectively. The average forecast suggests up to a 66.84% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 785.89M, representing a 34.48% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SLAB is a 100% Sell. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
9 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 5 analyst(s) rate the stock as a Hold, 4 recommend SLAB as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SLAB’s current price about -19.00% and -30.38% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 31.71, while 7-day volatility ratio is 13.84% and 6.75% in the 30-day chart. Further, Silicon Laboratories Inc (SLAB) has a beta value of 1.42, and an average true range (ATR) of 8.45. Analysts have given the company’s stock an average 52-week price target of $117.5, forecast between a low of $115 and high of $120. Looking at the price targets, the low is -28.03% off current price level while to achieve the yearly target high, price needs to move -33.6%. Nonetheless, investors will most likely welcome a -30.82% jump to $117.5 which is the analysts’ median price.
If we refocus on Silicon Laboratories Inc (NASDAQ:SLAB), historical trading data shows that trading volumes averaged 0.66 over the past 10 days and 420.89K over the past 3 months. The company’s latest data on shares outstanding shows there are 32.46 million shares.
The 2.23% of Silicon Laboratories Inc’s shares are in the hands of company insiders while institutional holders own 104.84% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2.3 million on 2025-03-14, giving us a short ratio of 5.79. The data shows that as of 2025-03-14 short interest in Silicon Laboratories Inc (SLAB) stood at 1237.0 of shares outstanding, with shares short rising to 2.16 million registered in 2025-02-14. Current price change has pushed the stock -27.69% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SLAB stock continues to rise going into the next quarter.
