SILICON LABORATORIES downgraded by Barclays

Trending News 🌥️

SILICON LABORATORIES ($NASDAQ:SLAB) is a semiconductor company that designs, manufactures, and markets mixed-signal integrated circuits . The company’s products are used in a variety of electronic devices and systems, including mobile phones, tablets, digital televisions, and cars. Barclays downgraded SILICON LABORATORIES to underweight from equal weight in a research note issued on Monday. The investment bank lowered its price target to $95 on SLAB from $140, implying a potential downside of about 22% from stock’s last close. The downgrade comes as a result of Barclays’ concerns about the company’s exposure to the weakening global smartphone market.

In addition, the investment bank believes that SILICON LABORATORIES’ recent acquisitions have not been successful in driving growth. Shares of SILICON LABORATORIES are down 4% in midday trading on Monday.

Market Price

On Monday, shares of SILICON LABORATORIES opened at $120.70 and closed at $118.50, a drop of 5.1% from its prior closing price of $124.90. This followed news that Barclays had downgraded the stock from “overweight” to “equal weight.” Barclays cited concerns about the company’s exposure to the smartphone market as a key reason for the downgrade. With smartphone sales slowing down, SILICON LABORATORIES could see reduced demand for its products.

This indicates that Barclays still sees some value in the stock, despite the current headwinds. Investors will be closely watching SILICON LABORATORIES’ performance in the coming quarters to see how it navigates the challenges in the smartphone market.

VI Analysis

A company’s fundamentals reflect its long term potential. The VI app makes it easy to see the fundamentals of a company. According to the VI Star Chart, SILICON LABORATORIES is classified as an “elephant”, a type of company that is rich in assets after deducting off liabilities. This type of company may be of interest to investors who are looking for a company with a strong asset base and profitability.

However, the company may be weak in terms of dividend growth. Despite this, SILICON LABORATORIES has a high health score of 8/10 considering its cashflows and debt, which indicates that it is capable of sustaining future operations in times of crisis.

VI 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

Investing in SILICON LABORATORIES may be a good idea for investors who are looking for a company that is a leader in the semiconductor industry. The company has a strong history of financial success, and its products are used in a variety of industries.