Wall Street brokerages expect that Silicon Laboratories, Inc. (NASDAQ:SLAB) will report $0.86 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Silicon Laboratories’ earnings, with estimates ranging from $0.85 to $0.88. Silicon Laboratories posted earnings of $0.75 per share in the same quarter last year, which would indicate a positive year over year growth rate of 14.7%. The business is scheduled to announce its next earnings results before the market opens on Wednesday, January 31st.
According to Zacks, analysts expect that Silicon Laboratories will report full year earnings of $3.18 per share for the current year, with EPS estimates ranging from $3.17 to $3.20. For the next financial year, analysts expect that the firm will post earnings of $3.53 per share, with EPS estimates ranging from $3.48 to $3.59. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that follow Silicon Laboratories.
Silicon Laboratories (NASDAQ:SLAB) last posted its earnings results on Wednesday, October 25th. The semiconductor company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.09. Silicon Laboratories had a return on equity of 11.06% and a net margin of 9.60%. The business had revenue of $198.70 million during the quarter, compared to analysts’ expectations of $196.20 million. During the same period in the prior year, the business earned $0.77 EPS. Silicon Laboratories’s revenue for the quarter was up 11.6% compared to the same quarter last year.
A number of analysts recently issued reports on SLAB shares. Zacks Investment Research cut Silicon Laboratories from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. Canaccord Genuity reissued a “buy” rating and set a $95.00 target price (up from $85.00) on shares of Silicon Laboratories in a research note on Tuesday, October 10th. Stifel Nicolaus increased their target price on Silicon Laboratories from $85.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, October 12th. Barclays increased their target price on Silicon Laboratories from $72.00 to $86.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 18th. Finally, Roth Capital increased their target price on Silicon Laboratories from $85.00 to $100.00 and gave the stock a “buy” rating in a research note on Tuesday, October 24th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Silicon Laboratories has an average rating of “Buy” and an average target price of $100.89.
Shares of Silicon Laboratories (SLAB) opened at $98.30 on Friday. Silicon Laboratories has a 52 week low of $63.75 and a 52 week high of $99.43. The company has a debt-to-equity ratio of 0.40, a quick ratio of 5.20 and a current ratio of 5.66. The stock has a market capitalization of $4,184.14, a P/E ratio of 58.86, a P/E/G ratio of 2.53 and a beta of 1.37.
In other news, Director William G. Bock sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $89.24, for a total transaction of $223,100.00. Following the completion of the transaction, the director now directly owns 43,426 shares of the company’s stock, valued at approximately $3,875,336.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William P. Wood sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $92.50, for a total transaction of $462,500.00. Following the transaction, the director now directly owns 30,526 shares of the company’s stock, valued at $2,823,655. The disclosure for this sale can be found here. Insiders have sold a total of 12,700 shares of company stock valued at $1,160,750 over the last ninety days. Company insiders own 34.82% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Silicon Laboratories by 1.0% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,180 shares of the semiconductor company’s stock worth $422,000 after acquiring an additional 61 shares in the last quarter. Ameritas Investment Partners Inc. grew its stake in shares of Silicon Laboratories by 0.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 16,220 shares of the semiconductor company’s stock worth $1,109,000 after acquiring an additional 119 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Silicon Laboratories by 10.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,623 shares of the semiconductor company’s stock worth $111,000 after acquiring an additional 148 shares in the last quarter. Amalgamated Bank grew its stake in shares of Silicon Laboratories by 6.0% during the 2nd quarter. Amalgamated Bank now owns 6,019 shares of the semiconductor company’s stock worth $411,000 after acquiring an additional 342 shares in the last quarter. Finally, Stifel Financial Corp grew its stake in shares of Silicon Laboratories by 6.9% during the 2nd quarter. Stifel Financial Corp now owns 5,893 shares of the semiconductor company’s stock worth $402,000 after acquiring an additional 378 shares in the last quarter. 90.84% of the stock is owned by institutional investors.
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Silicon Laboratories Company Profile
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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