Needham analyst Rajvindra Gill maintained a Buy rating on Silicon Laboratories (NASDAQ:SLAB) on Thursday, setting a price target of $210, which is approximately 14.09% above the present share price of $184.06.
Gill expects Silicon Laboratories to post earnings per share (EPS) of $0.44 for the fourth quarter of 2021.
The current consensus among 4 TipRanks analysts is for a Strong Buy rating of shares in Silicon Laboratories, with an average price target of $187.67.
The analysts price targets range from a high of $210 to a low of $153.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $169.49 million and a net profit of -$11.49 million. The company's market cap is $8.24 billion.
According to TipRanks.com, Needham analyst Rajvindra Gill is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 18.9% and a 67.95% success rate.
Silicon Laboratories, Inc. designs and develops analog-intensive and mixed-signal integrated circuits. The firm offers microcontrollers, wireless, sensors, USB bridges, analog, clocks and oscillators, isolators, power, audio & radio, modems and TV & video product categories. It provides solutions for automotive, communications, data centers, healthcare & fitness, home automation & entertainment, industrial automation & power and retail industries. The company was founded by Navdeep S. Sooch, David R. Welland, and Jeffrey W. Scott in August 1996 and is headquartered in Austin, TX.