Equities analysts forecast that Silicon Laboratories, Inc. (NASDAQ:SLAB) will announce earnings of $0.86 per share for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Silicon Laboratories’ earnings. The lowest EPS estimate is $0.85 and the highest is $0.88. Silicon Laboratories reported earnings of $0.75 per share in the same quarter last year, which indicates a positive year over year growth rate of 14.7%. The company is scheduled to report its next quarterly earnings report on Wednesday, February 7th.
According to Zacks, analysts expect that Silicon Laboratories will report full-year earnings of $3.18 per share for the current fiscal year, with EPS estimates ranging from $3.17 to $3.20. For the next year, analysts anticipate that the company will post earnings of $3.53 per share, with EPS estimates ranging from $3.48 to $3.59. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts 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 for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.09. The firm had revenue of $198.70 million for the quarter, compared to analyst estimates of $196.20 million. Silicon Laboratories had a return on equity of 11.06% and a net margin of 9.60%. The company’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.77 earnings per share.
A number of research firms recently issued reports on SLAB. Barclays lifted their target price on Silicon Laboratories from $72.00 to $86.00 and gave the company an “overweight” rating in a research report on Wednesday, October 18th. BidaskClub raised Silicon Laboratories from a “hold” rating to a “buy” rating in a research report on Saturday. Zacks Investment Research downgraded Silicon Laboratories from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. Canaccord Genuity upped their target price on Silicon Laboratories from $95.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. Finally, Stifel Nicolaus upped their target price on Silicon Laboratories from $85.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, October 12th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $99.44.
In related news, Director William G. Bock sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $89.24, for a total value of $223,100.00. Following the completion of the sale, the director now directly owns 43,426 shares in the company, valued at $3,875,336.24. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO John C. Hollister sold 2,000 shares of the company’s stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $88.45, for a total value of $176,900.00. Following the sale, the chief financial officer now owns 64,767 shares of the company’s stock, valued at $5,728,641.15. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,700 shares of company stock valued at $1,337,650. 34.82% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Silicon Laboratories by 4.7% during the second quarter. Vanguard Group Inc. now owns 3,446,677 shares of the semiconductor company’s stock worth $235,581,000 after purchasing an additional 154,654 shares during the last quarter. State Street Corp lifted its stake in Silicon Laboratories by 5.1% during the second quarter. State Street Corp now owns 1,520,505 shares of the semiconductor company’s stock worth $103,925,000 after purchasing an additional 74,439 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Silicon Laboratories by 9.4% during the third quarter. Bank of New York Mellon Corp now owns 920,839 shares of the semiconductor company’s stock worth $73,574,000 after purchasing an additional 79,247 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Silicon Laboratories by 0.4% during the third quarter. Dimensional Fund Advisors LP now owns 895,422 shares of the semiconductor company’s stock worth $71,546,000 after purchasing an additional 3,229 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in Silicon Laboratories by 3.6% during the second quarter. Northern Trust Corp now owns 709,518 shares of the semiconductor company’s stock worth $48,495,000 after purchasing an additional 24,821 shares during the last quarter. Hedge funds and other institutional investors own 90.80% of the company’s stock.
Shares of Silicon Laboratories (NASDAQ SLAB) traded up $0.50 during trading on Thursday, hitting $94.75. The stock had a trading volume of 209,676 shares, compared to its average volume of 185,086. The company has a market capitalization of $4,033.03, a price-to-earnings ratio of 41.56, a price-to-earnings-growth ratio of 2.44 and a beta of 1.37. Silicon Laboratories has a 12 month low of $63.15 and a 12 month high of $96.93. The company has a current ratio of 5.66, a quick ratio of 5.20 and a debt-to-equity ratio of 0.40.
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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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