2023: Brokerages Recommend ‘Hold’ on Silicon Laboratories Stock
March 15, 2023
Trending News ☀️
Brokerages have recently given Silicon Laboratories ($NASDAQ:SLAB) Inc., a leading semiconductor company, an average recommendation of “Hold”. This view is based on the company’s financial performance in the previous year as well as future expectations for 2023. In light of Silicon Laboratories’ potential profitability and share price appreciation, brokerages have advised investors to “hold” on the stock. Silicon Laboratories has a long track record of success in the semiconductor industry. Over the past few years, the company has achieved impressive growth and solid financial returns, making it an attractive investment for many investors. Despite its strong financial performance, brokerages have advised investors to “hold” on Silicon Laboratories stock for the time being.
This is due to expectations of cautious growth in the semiconductor industry in the coming year. While the outlook for 2023 may not be as positive as previously expected, Silicon Laboratories is still expected to remain profitable. Therefore, brokerages are recommending investors to wait and watch before investing in the stock. Overall, brokerages have given Silicon Laboratories Inc. an average recommendation of “Hold” for 2023. Although the company is expected to remain profitable in the coming year, investors should consider all factors before investing in Silicon Laboratories stock.
Price History
Analysts on Wall Street held their recommendation of “hold” on Silicon Laboratories Inc. stock on Tuesday. Despite a slight 1.6% rise in the stock’s closing price from the prior closing of 168.9, brokerages have decided to maintain their stance. The stock opened at $174.0 and closed at $171.6, indicating that the market was not particularly influenced by the morning’s performance. Overall, brokerages have kept their outlook on the stock steady for the time being. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Silicon Laboratories. More…
| Total Revenues | Net Income | Net Margin |
| 1.02k | 91.4 | 8.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Silicon Laboratories. More…
| Operations | Investing | Financing |
| 71.81 | 240.54 | -887.05 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Silicon Laboratories. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.17k | 764.42 | 44.05 |
Key Ratios Snapshot
Some of the financial key ratios for Silicon Laboratories are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.9% | 28.1% | 13.0% |
| FCF Margin | ROE | ROA |
| 4.4% | 5.6% | 3.8% |
Analysis
At GoodWhale, we recently performed an analysis of SILICON LABORATORIES to assess the company’s overall wellbeing. Our Risk Rating showed that SILICON LABORATORIES is a medium risk investment in terms of financial and business aspects. During our analysis, we have detected 1 risk warnings in SILICON LABORATORIES balance sheet. Register with us to get access to more detailed information about these risks. With our help, you will be able to make a well-informed decision when deciding whether or not to invest in SILICON LABORATORIES. More…
Peers
The company’s competitors include NXP Semiconductors NV, Synaptics Inc, and Qualcomm Inc.
– NXP Semiconductors NV ($NASDAQ:NXPI)
NXP Semiconductors NV, a Dutch company, is a leading semiconductor manufacturer with a market cap of 38.06B as of 2022. The company’s ROE is 41.87%. NXP Semiconductors NV designs, manufactures and markets a broad range of semiconductor products, including microcontrollers, digital signal processors, memories, RF power amplifiers and mixed-signal integrated circuits.
– Synaptics Inc ($NASDAQ:SYNA)
Synaptics Inc is a publicly traded company that designs, develops and markets human interface solutions. The company’s products are used in mobile phones, PCs, and other electronic devices. Synaptics’ human interface solutions include touch controllers, display drivers, fingerprint sensors, biometrics and security solutions.
Synaptics has a market capitalization of $3.48 billion as of 2022 and a return on equity of 18.08%. The company’s products are used in a variety of electronic devices, including mobile phones, PCs and other consumer electronics. Synaptics is a leading provider of human interface solutions that enable people to interact with electronic devices.
– Qualcomm Inc ($NASDAQ:QCOM)
Qualcomm Inc is an American multinational semiconductor and telecommunications equipment company that designs and markets wireless telecommunications products and services. It has a market cap of 130.69B as of 2022 and a Return on Equity of 90.42%. The company was founded in 1985 and is headquartered in San Diego, California.
Summary
Silicon Laboratories Inc. (NASDAQ: SLAB) has recently been recommended by brokerages as a “Hold” stock. This means that the current market price is considered appropriate for the stock at this time. Analysts suggest that investors should watch for any changes in the company’s financials, as well as its performance in the industry, before considering purchasing SLAB stock.
Furthermore, investors should pay attention to any changes in the company’s debt-to-equity ratio, and its ability to remain competitive within its market. Overall, brokerages advise that investors should proceed with caution when investing in Silicon Laboratories Inc. stock.
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