Short interest for Silicon Laboratories gives investors a sense of the degree to which investors are betting on the decline of Silicon Laboratories's stock. Short interest data is updated every two weeks.

Silicon Laboratories Stock (NASDAQ:SLAB), Short Interest Report

Silicon Laboratories

Silicon Laboratories Inc Inc. develops semiconductors, software, and system solutions for the Internet Internet of Things, Things (IoT), Internet infrastructure, industrial control, consumer, and automotive markets. The company operates through one segment, in a single segment of mixed-signal analog intensive products. The Company groups its products as Industrial & Commercial or Home & Life The Industrial & Commercial category contributes majority of the revenue for the company Geographically, the company operates in the United States, China, Taiwan, and the Rest rest of the world.

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Analyst upgrades Silicon Labs, citing favorable position in semiconductor cyclical recovery and improving end market demand. $150 price target.

Silicon Laboratories Poised for Growth, Eyeing Strong IoT Expansion: Analyst

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Silicon Labs &#39;Still In Early Stages Of Recovery,&#39; CEO Says Citing Sharp Revenue Drop

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Shares of  The Container Store Group, Inc. (NYSE: TCS) shares fell sharply during Wednesday’s session following weak quarterly results.

Why Container Store Group Shares Are Trading Lower By Around 23%? Here Are Other Stocks Moving In Wednesday&#39;s Mid-Day Session

Silicon Laboratories, Inc. - Common Stock

Silicon Laboratories Inc

Citigroup analyst Atif Malik maintains Silicon Laboratories (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLAB#NASDAQ">SLAB</a>) with a Neutral and lowers the price target from $137 to $120.

Citigroup Maintains Neutral on Silicon Laboratories, Lowers Price Target to $120

Barclays analyst Blayne Curtis maintains Silicon Laboratories (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLAB#NASDAQ">SLAB</a>) with a Equal-Weight and lowers the price target from $140 to $120.

Barclays Maintains Equal-Weight on Silicon Laboratories, Lowers Price Target to $120

JP Morgan analyst Peter Peng maintains Silicon Laboratories (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLAB#NASDAQ">SLAB</a>) with a Overweight and lowers the price target from $165 to $150.

JP Morgan Maintains Overweight on Silicon Laboratories, Lowers Price Target to $150

Needham analyst N. Quinn Bolton upgraded Silicon Laboratories, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLAB#NASDAQ">SLAB</a>) to a Buy rating from a Hold rating with a price target of $150.
According to the analyst, the company is well-positioned for the semiconductor cyclical recovery. 
Following the <a href="https://www.benzinga.com/news/earnings/24/04/38409522/silicon-labs-still-in-early-stages-of-recovery-ceo-says-citing-sharp-revenue-drop" target="_blank" rel="noreferrer noopener">first-quarter earnings</a> report, Bolton expects consensus estimates will reflect a more moderate recovery. 
The analyst flagged how the management called out three drivers that underpin a second-half recovery, including inventory de-stocking, the ramp of new design wins and improvements in end market demand.
Bolton is encouraged by improving inventory levels at end customers and distributors, increasing order trends, robust operating leverage and new design wins that ramp up production this year. 
With Street estimates moving closer to his more conservative outlook post-earnings, he noted Street estimates are more attainable.
Bolton said Silicon Laboratories is the best-positioned company in the fast-growing IoT space and is set to achieve double-digit top-line growth into calendar year 2026. 
With high revenue growth and operating leverage, he noted investors will be willing to pay a premium multiple for SLAB in the cyclical recovery.
Channel mix and revenue levels are key gross margin drivers, and he expected both to improve in the second half.
Bolton expects the mix to trend higher post-second-quarter as end customers continue to burn inventory this quarter.
Bolton projects 2024 revenue and EPS of $601.4 million (prior $600.0 million) and $(1.85) (prior $(1.40)).
Silicon Laboratories stock lost 24% in the past 12 months. Investors can gain exposure to the stock via SPDR S&amp;P Kensho Intelligent Structures ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIMS#NYSE">SIMS</a>) and SPDR S&amp;P Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XSD#NYSE">XSD</a>).
SLAB Price Action: Silicon Laboratories shares traded higher by 2.68% at $117.33 at the last check Thursday.

Benchmark analyst Cody Acree reiterates Silicon Laboratories (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLAB#NASDAQ">SLAB</a>) with a Hold.

Reiteration

Benchmark Reiterates Hold on Silicon Laboratories

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Silicon Laboratories shares are trading higher after Needham upgraded the stock from Hold to Buy.

Needham analyst Quinn Bolton upgrades Silicon Laboratories (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLAB#NASDAQ">SLAB</a>) from Hold to Buy and announces $150 price target.

Needham Upgrades Silicon Laboratories to Buy, Announces $150 Price Target

Silicon Laboratories&nbsp;Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLAB#NASDAQ">SLAB</a>)&nbsp;reported fiscal first-quarter 2024 sales of $106.4 million, down 56.9%&nbsp;Y/Y, beating the&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/n38399872/silicon-labs-reports-first-quarter-2024-results" rel="noreferrer noopener">consensus of $105.1 million</a>.&nbsp;
The fabless global technology&nbsp;company's&nbsp;adjusted EPS loss of $(0.92) beat the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">consensus loss of $(0.98)</a>.
Margins:&nbsp;Adjusted&nbsp;gross margin of 52.2% and adjusted operating margin loss of (36.5)% fell from 62.5% and 19.2% a&nbsp;year ago, respectively.&nbsp;
Industrial&nbsp;&amp; Commercial&nbsp;revenue for the quarter was $65 million, down from $151 million a year ago. Home&nbsp;&amp; Life&nbsp;revenue for the quarter was $41 million, down from $96 million a year earlier.
CFO Transition:&nbsp;Dean Butler&nbsp;will join the company as CFO on&nbsp;May 15, 2024. Butler will succeed&nbsp;Mark Mauldin, who is currently serving as interim CFO.
Silicon Labs CEO Matt Johnson said, &#8220;While we are still in the early stages of the recovery, we expect revenue growth to accelerate in the second quarter as excess inventory is further reduced, bookings improve, and design wins continue to ramp.&#8221;
Outlook: Silicon Lab expects&nbsp;a&nbsp;second-quarter revenue of $135 million&nbsp;&#8211; $145&nbsp;million versus the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">consensus of $141.41 million</a>.
The company projects an adjusted EPS loss of $(0.58) – $(0.70), against the consensus loss of $(0.45).
Silicon Laboratories stock&nbsp;lost 24% in the last 12 months. Investors can gain exposure to the stock via&nbsp;SPDR S&amp;P&nbsp;Kensho Intelligent Structures&nbsp;ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIMS#NYSE">SIMS</a>) and&nbsp;SPDR S&amp;P&nbsp;Semiconductor ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XSD#NYSE">XSD</a>).
Price Action:&nbsp;SLAB shares traded lower by 1.21% at $123.89 premarket at&nbsp;the last check Wednesday.

Silicon Labs 'Still In Early Stages Of Recovery,' CEO Says Citing Sharp Revenue Drop

Silicon Laboratories shares are trading lower after the company reported Q1 financial results and issued Q2 adjusted EPS guidance below estimates.

<ul>
<li>Dean Butler&nbsp;will join the company as Senior Vice President and Chief Financial Officer (CFO) on&nbsp;May 15, 2024. Butler will be responsible for Silicon Labs&#39; financial strategy and will lead the global finance organization. Butler will succeed&nbsp;Mark Mauldin, who is currently serving as interim CFO. Butler joins Silicon Labs from Synaptics Incorporated, where he has served as Senior Vice President and CFO since&nbsp;October 2019. He previously held financial leadership positions at Marvell Technology, Inc. and Broadcom, Inc.</li>
</ul>

Silicon Laboratories Disclosed Dean Butler Will Join as CFO on May 15, 2024. Succeeding Mark Mauldin, Interim CFO

General

Silicon Laboratories shares are trading higher after the company reported better-than-expected Q1 results and issued Q2 guidance.

Business&nbsp;Outlook
The company expects&nbsp;second-quarter&nbsp;revenue to be between&nbsp;$135&nbsp;to&nbsp;$145 million. The company also estimates the following results:
On a GAAP basis:
<ul>
<li>GAAP gross margin to be&nbsp;53%</li>
<li>GAAP operating expenses of approximately&nbsp;$125 million</li>
<li>GAAP diluted loss per share per share between&nbsp;$(1.45)&nbsp;to&nbsp;$(1.61)</li>
</ul>
On a non-GAAP basis, excluding the impact of stock compensation, amortization of acquired intangible assets, and certain other items as set forth in the reconciliation tables:
<ul>
<li>Non-GAAP gross margin to be&nbsp;53%</li>
<li>Non-GAAP operating expenses of approximately&nbsp;$102 million</li>
<li>Non-GAAP diluted loss per share between&nbsp;$(0.58)&nbsp;to&nbsp;$(0.70)</li>
</ul>

Silicon Laboratories Expects Q2 Revenue of $135M-$145M Vs $141.41M Est, Adj EPS Loss of $(0.58)-$(0.70) Vs $(0.45) Est

Silicon Laboratories (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLAB#NASDAQ">SLAB</a>) reported quarterly losses of $(0.92) per share which beat the analyst consensus estimate of $(0.98) by 6.12 percent. The company reported quarterly sales of $106.375 million which beat the analyst consensus estimate of $105.084 million by 1.23 percent. This is a 56.90 percent decrease over sales of $246.787 million the same period last year.

Earnings Beats

Silicon Laboratories Q1 2024 Adj EPS $(0.92) Beats $(0.98) Estimate, Sales $106.375M Beat $105.084M Estimate

Silicon Labs Launches Ultra-Low Power xG22E SoCs For Battery-Free IoT Applications

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Shares of semiconductor and hardware stocks are trading lower amid weakness in tech as Treasury yields rise following March CPI data.

Silicon Labs Launches Revolutionary xG26 Wireless Devices, Elevating IoT To New Heights

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Shares of software companies are trading lower amid a pullback in the tech sector following February PPI data.

Smart lock pioneers Nuki and U-tec select Silicon Labs solutions for Matter-over-Thread leadership

Silicon Labs Solutions Has Been Selected For Use In The World's First Native Matter-Over-Thread Smart Locks

<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4100855-1&amp;h=3100916446&amp;u=http%3A%2F%2Fwww.silabs.com%2F%3Fcid%3Dnat-prr-cor-102820&amp;a=Silicon+Labs" target="_blank">Silicon Labs</a>&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLAB#NASDAQ">SLAB</a>), a leader in secure, intelligent wireless technology for a more connected world, today announced that&nbsp;Dean Butler&nbsp;will join the company as Senior Vice President and Chief Financial Officer (CFO), effective&nbsp;May 15, 2024. Butler will be responsible for Silicon Labs&#39; financial strategy and lead the global finance organization. Butler will succeed&nbsp;Mark Mauldin, currently serving as interim CFO.

Silicon Labs Names Dean Butler as CFO, Effective May 15, Taking Over from Interim Finance Officer Mark Mauldin

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Shares of several companies in the broader tech sector are trading lower as Treasury yields rise following a greater-than-expected increase in U.S. January inflation data.

Silicon Laboratories Inc. 2024 Q1 - Results - Earnings Call Presentation

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Silicon Laboratories (NASDAQ:<a href="https://investorplace.com/stock-quotes/slab-stock-quote/">SLAB</a>) just reported results for the first quarter of 2024.<ul><li>Silicon Laboratories reported earnings per share of -92 cents. This was above the analyst estimate for EPS of -98 cents.</li><li>The company reported revenue of $106.38 million.</li><li>This was 1.23% better than the analyst estimate for revenue of $105.08 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/04/slab-stock-earnings-silicon-laboratories-for-q1-of-2024/">SLAB Stock Earnings: Silicon Laboratories Beats EPS, Beats Revenue for Q1 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

SLAB Stock Earnings: Silicon Laboratories Beats EPS, Beats Revenue for Q1 2024

Silicon Laboratories Inc. (SLAB) Q1 2024 Earnings Call Transcript

Wells Fargo analyst Gary Mobley has maintained their bullish stance on SLAB stock, giving a Buy rating today. Gary Mobley has given his Buy rating ...

Strong Buy Rating for Silicon Laboratories Amidst Financial Outperformance and Positive Growth Outlook

There's a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Silicon Laboratories (SLAB – Research Report) and Am...

Analysts Offer Insights on Technology Companies: Silicon Laboratories (SLAB) and Amphenol (APH)

Analysts fell to the sidelines weighing in on Lam Research (LRCX – Research Report), Fortive (FTV – Research Report) and Silicon Laboratories (SLAB...

Analysts Offer Insights on Technology Companies: Lam Research (LRCX), Fortive (FTV) and Silicon Laboratories (SLAB)

Benchmark Co. analyst Cody Acree reiterated a Hold rating on Silicon Laboratories (SLAB – Research Report) today. The company's shares closed yeste...

Silicon Laboratories (SLAB) Receives a Hold from Benchmark Co.

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Silicon Laboratories (SLAB – Research Report), Amp...

Analysts Offer Insights on Technology Companies: Silicon Laboratories (SLAB), Amphenol (APH) and Lam Research (LRCX)

Silicon Labs gains as Needham upgrades after Q1 beat

Semiconductors largely higher even as big tech sells off; Intel results on deck

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Silicon Laboratories Stock (NASDAQ:SLAB), Short Interest Report

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