Zacks: Analysts Expect Silicon Laboratories Inc. (NASDAQ:SLAB) Will Announce Earnings of $0.91 Per Share

Wall Street analysts expect that Silicon Laboratories Inc. (NASDAQ:SLABGet Rating) will report earnings per share of $0.91 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Silicon Laboratories’ earnings. The highest EPS estimate is $0.93 and the lowest is $0.90. Silicon Laboratories posted earnings of $1.05 per share in the same quarter last year, which suggests a negative year over year growth rate of 13.3%. The business is expected to issue its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Silicon Laboratories will report full-year earnings of $3.66 per share for the current financial year, with EPS estimates ranging from $3.13 to $3.85. For the next financial year, analysts forecast that the business will post earnings of $4.19 per share, with EPS estimates ranging from $2.70 to $5.25. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Silicon Laboratories.

Silicon Laboratories (NASDAQ:SLABGet Rating) last released its earnings results on Wednesday, April 27th. The semiconductor company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.41. The company had revenue of $233.80 million for the quarter, compared to analyst estimates of $226.22 million. Silicon Laboratories had a net margin of 266.91% and a return on equity of 4.08%. The firm’s quarterly revenue was up 48.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.65 EPS.

SLAB has been the topic of several recent research reports. Barclays upped their price target on Silicon Laboratories from $160.00 to $185.00 in a report on Wednesday, January 12th. Stifel Nicolaus upped their target price on shares of Silicon Laboratories from $200.00 to $210.00 in a research note on Wednesday, April 27th. Zacks Investment Research downgraded shares of Silicon Laboratories from a “buy” rating to a “hold” rating in a research note on Wednesday, April 6th. Cowen dropped their price objective on shares of Silicon Laboratories from $205.00 to $180.00 in a research report on Thursday, April 28th. Finally, Needham & Company LLC lifted their price objective on shares of Silicon Laboratories from $210.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, March 7th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Silicon Laboratories presently has a consensus rating of “Hold” and a consensus target price of $189.00.

Shares of NASDAQ SLAB opened at $138.90 on Monday. The stock has a market cap of $5.08 billion, a P/E ratio of 2.91 and a beta of 1.23. The business’s fifty day simple moving average is $141.80 and its 200-day simple moving average is $169.07. Silicon Laboratories has a 12-month low of $120.15 and a 12-month high of $211.98. The company has a current ratio of 8.62, a quick ratio of 8.40 and a debt-to-equity ratio of 0.26.

In other Silicon Laboratories news, SVP Brandon Tolany sold 986 shares of the business’s stock in a transaction that occurred on Wednesday, February 16th. The stock was sold at an average price of $157.98, for a total value of $155,768.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Nina Richardson sold 473 shares of the firm’s stock in a transaction that occurred on Friday, April 22nd. The stock was sold at an average price of $129.60, for a total transaction of $61,300.80. Following the transaction, the director now owns 8,171 shares in the company, valued at $1,058,961.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,459 shares of company stock valued at $372,379. 1.61% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in SLAB. Los Angeles Capital Management LLC raised its stake in shares of Silicon Laboratories by 42.5% during the first quarter. Los Angeles Capital Management LLC now owns 50,236 shares of the semiconductor company’s stock worth $7,545,000 after purchasing an additional 14,985 shares during the last quarter. Weil Company Inc. increased its stake in Silicon Laboratories by 18.9% in the 1st quarter. Weil Company Inc. now owns 1,533 shares of the semiconductor company’s stock valued at $230,000 after buying an additional 244 shares during the period. Aigen Investment Management LP purchased a new position in Silicon Laboratories during the 1st quarter worth $362,000. Prestige Wealth Management Group LLC acquired a new stake in shares of Silicon Laboratories in the 1st quarter worth $30,000. Finally, Royce & Associates LP boosted its holdings in shares of Silicon Laboratories by 9.1% in the first quarter. Royce & Associates LP now owns 24,000 shares of the semiconductor company’s stock valued at $3,605,000 after acquiring an additional 2,000 shares in the last quarter. Institutional investors and hedge funds own 99.40% of the company’s stock.

Silicon Laboratories Company Profile (Get Rating)

Silicon Laboratories Inc, a fabless semiconductor company, provides mixed-signal integrated circuits (ICs) in the United States, China, and internationally. The company offers microcontrollers and wireless products, including 8-bit mixed-signal and ultra-low-power 32-bit microcontrollers (MCU); wireless MCU connectivity solutions; single and multi-protocol system-on-chip (SoC) devices and modules; wireless protocols, MCUs, and SoCs; in-house protocol stacks; Micrium, a real-time operating system that helps simplify software development for IoT developers.It also provides sensor products comprising optical, relative humidity/temperature, and hall effect magnetic sensors; timing devices; multi-channel isolators, isolated drivers, isolated power converters, and mixed-signal devices; broadcast products, which include single-chip hybrid TV tuners and digital video demodulators, as well as AM/FM, HD radio, and DAB/DAB+ receivers; and hybrid software defined radio tuners, data receivers, and digital radio coprocessors.

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