Silicon Laboratories, Inc. (NASDAQ:SLAB) – Equities research analysts at William Blair increased their Q4 2017 EPS estimates for shares of Silicon Laboratories in a research note issued on Wednesday, Zacks Investment Research reports. William Blair analyst A. Doradla now forecasts that the semiconductor company will post earnings per share of $0.63 for the quarter, up from their prior forecast of $0.60. William Blair also issued estimates for Silicon Laboratories’ Q1 2018 earnings at $0.49 EPS, Q2 2018 earnings at $0.62 EPS, Q3 2018 earnings at $0.71 EPS and Q4 2018 earnings at $0.73 EPS.
Other equities research analysts have also issued reports about the stock. BidaskClub upgraded shares of Silicon Laboratories from a “hold” rating to a “buy” rating in a research note on Wednesday, August 16th. Zacks Investment Research upgraded shares of Silicon Laboratories from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research note on Thursday, August 3rd. B. Riley reiterated a “buy” rating and set a $90.00 price target on shares of Silicon Laboratories in a research note on Friday, July 28th. Stifel Nicolaus reiterated a “buy” rating and set a $85.00 price target (up from $82.00) on shares of Silicon Laboratories in a research note on Thursday, July 27th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $85.00 price target (up from $80.00) on shares of Silicon Laboratories in a research note on Thursday, July 27th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $98.89.
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Shares of Silicon Laboratories (SLAB) traded down $0.65 during trading hours on Friday, reaching $90.95. 163,200 shares of the company traded hands, compared to its average volume of 284,085. Silicon Laboratories has a 12-month low of $61.75 and a 12-month high of $95.55. The company has a debt-to-equity ratio of 0.40, a current ratio of 5.66 and a quick ratio of 5.20. The firm has a market cap of $3,840.00, a price-to-earnings ratio of 40.17, a P/E/G ratio of 2.71 and a beta of 1.40.
Silicon Laboratories (NASDAQ:SLAB) last announced its quarterly earnings data on Wednesday, October 25th. The semiconductor company reported $0.90 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.09. Silicon Laboratories had a net margin of 9.60% and a return on equity of 11.06%. The business had revenue of $198.70 million for the quarter, compared to analyst estimates of $196.20 million. During the same period last year, the business earned $0.77 EPS. The company’s revenue was up 11.6% on a year-over-year basis.
Large investors have recently modified their holdings of the company. Russell Investments Group Ltd. boosted its holdings in shares of Silicon Laboratories by 4.6% in the second quarter. Russell Investments Group Ltd. now owns 49,010 shares of the semiconductor company’s stock valued at $3,350,000 after acquiring an additional 2,136 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Silicon Laboratories by 62.3% in the second quarter. Bank of New York Mellon Corp now owns 841,592 shares of the semiconductor company’s stock valued at $57,523,000 after acquiring an additional 323,123 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Silicon Laboratories by 5.1% in the first quarter. Vanguard Group Inc. now owns 3,292,023 shares of the semiconductor company’s stock valued at $242,129,000 after acquiring an additional 160,997 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of Silicon Laboratories by 54.4% in the second quarter. First Trust Advisors LP now owns 40,486 shares of the semiconductor company’s stock valued at $2,767,000 after acquiring an additional 14,265 shares in the last quarter. Finally, BlackRock Inc. boosted its holdings in shares of Silicon Laboratories by 25,072.0% in the first quarter. BlackRock Inc. now owns 4,558,402 shares of the semiconductor company’s stock valued at $335,271,000 after acquiring an additional 4,540,293 shares in the last quarter. 89.02% of the stock is currently owned by institutional investors and hedge funds.
In other news, CEO George Tyson Tuttle sold 3,713 shares of Silicon Laboratories stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $80.00, for a total value of $297,040.00. Following the sale, the chief executive officer now owns 204,879 shares of the company’s stock, valued at $16,390,320. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director William G. Bock sold 2,500 shares of Silicon Laboratories stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $75.30, for a total transaction of $188,250.00. Following the completion of the sale, the director now directly owns 45,926 shares in the company, valued at approximately $3,458,227.80. The disclosure for this sale can be found here. Insiders have sold a total of 48,700 shares of company stock worth $3,940,479 over the last three months. 34.82% of the stock is currently owned by insiders.
About Silicon Laboratories
Silicon Laboratories Inc is a provider of silicon, software and solutions for the Internet of Things (IoT), Internet infrastructure, industrial, consumer and automotive markets. The Company operates through mixed-signal analog intensive products segment. It provides analog-intensive, mixed-signal solutions for use in a range of electronic products in various applications for the IoT market.
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