Equities research analysts expect that Silicon Laboratories (NASDAQ:SLAB) will report sales of $217.93 million for the current quarter, Zacks reports. Five analysts have made estimates for Silicon Laboratories’ earnings. The highest sales estimate is $218.00 million and the lowest is $217.67 million. Silicon Laboratories posted sales of $230.24 million in the same quarter last year, which suggests a negative year over year growth rate of 5.3%. The firm is expected to report its next earnings report before the market opens on Wednesday, October 23rd.
According to Zacks, analysts expect that Silicon Laboratories will report full year sales of $833.84 million for the current fiscal year, with estimates ranging from $828.97 million to $837.90 million. For the next fiscal year, analysts forecast that the business will post sales of $918.49 million, with estimates ranging from $908.05 million to $925.00 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Silicon Laboratories.
Silicon Laboratories (NASDAQ:SLAB) last released its quarterly earnings results on Wednesday, July 24th. The semiconductor company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. Silicon Laboratories had a net margin of 3.84% and a return on equity of 9.97%. The company had revenue of $206.71 million during the quarter, compared to the consensus estimate of $206.57 million. During the same period in the previous year, the business earned $0.92 earnings per share. The firm’s quarterly revenue was down 4.8% on a year-over-year basis.
Several research analysts have commented on SLAB shares. BidaskClub downgraded shares of Silicon Laboratories from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. ValuEngine downgraded shares of Silicon Laboratories from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Roth Capital boosted their price objective on shares of Silicon Laboratories from $120.00 to $130.00 in a research report on Thursday, July 25th. Wells Fargo & Co started coverage on shares of Silicon Laboratories in a research report on Tuesday, June 25th. They set an “outperform” rating and a $125.00 price objective for the company. Finally, TheStreet downgraded shares of Silicon Laboratories from a “b” rating to a “c+” rating in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $109.70.
In other news, CEO George Tyson Tuttle sold 36,813 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $112.86, for a total transaction of $4,154,715.18. Following the completion of the transaction, the chief executive officer now directly owns 212,779 shares in the company, valued at $24,014,237.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William G. Bock sold 1,000 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $103.35, for a total transaction of $103,350.00. Following the transaction, the director now owns 38,791 shares of the company’s stock, valued at $4,009,049.85. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 48,813 shares of company stock valued at $5,472,005. Company insiders own 2.10% of the company’s stock.
Several large investors have recently made changes to their positions in SLAB. Raymond James & Associates increased its holdings in shares of Silicon Laboratories by 73.2% during the first quarter. Raymond James & Associates now owns 38,263 shares of the semiconductor company’s stock worth $3,094,000 after buying an additional 16,173 shares in the last quarter. New York State Common Retirement Fund increased its holdings in shares of Silicon Laboratories by 4.3% during the first quarter. New York State Common Retirement Fund now owns 50,974 shares of the semiconductor company’s stock worth $4,122,000 after buying an additional 2,100 shares in the last quarter. US Bancorp DE increased its holdings in shares of Silicon Laboratories by 290.5% during the first quarter. US Bancorp DE now owns 10,930 shares of the semiconductor company’s stock worth $883,000 after buying an additional 8,131 shares in the last quarter. Great West Life Assurance Co. Can grew its stake in shares of Silicon Laboratories by 2.5% in the first quarter. Great West Life Assurance Co. Can now owns 26,693 shares of the semiconductor company’s stock worth $2,157,000 after purchasing an additional 648 shares during the last quarter. Finally, Jennison Associates LLC bought a new stake in shares of Silicon Laboratories in the first quarter worth $15,704,000. Institutional investors own 93.06% of the company’s stock.
SLAB traded up $2.48 during trading on Friday, hitting $110.19. 285,025 shares of the stock traded hands, compared to its average volume of 294,007. Silicon Laboratories has a twelve month low of $73.13 and a twelve month high of $115.29. The company has a market cap of $4.62 billion, a price-to-earnings ratio of 38.53, a PEG ratio of 3.21 and a beta of 1.52. The company has a debt-to-equity ratio of 0.34, a current ratio of 6.47 and a quick ratio of 5.91. The business has a 50 day moving average price of $110.01 and a 200 day moving average price of $101.85.
Silicon Laboratories Company Profile
Silicon Laboratories Inc, a fabless semiconductor company, designs, develops, and markets mixed-signal integrated circuits (ICs) in the United States, China, and internationally. The company offers Internet of things products, including 8-bit mixed-signal, 32-bit wireless, and ultra-low-power 32-bit microcontrollers; wireless connectivity devices, such as multiprotocol wireless Gecko system-on-chip devices; real-time operating systems; sensor products comprising optical, relative humidity/temperature, and hall effect magnetic sensors.
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