Roth Capital analyst Sujeeva De Silva maintained a Buy rating on Silicon Laboratories (NASDAQ:SLAB) on Monday, setting a price target of $140, which is approximately 9.94% above the present share price of $127.34.
De Silva expects Silicon Laboratories to post earnings per share (EPS) of $0.07 for the first 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 $130.5.
The analysts price targets range from a high of $140 to a low of $120.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $221.35 million and a net profit of $9.62 million. The company's market cap is $5.58 billion.
According to TipRanks.com, Roth Capital analyst Sujeeva De Silva is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 20.3% and a 64.18% 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.