Analysts expect Silicon Laboratories, Inc. (NASDAQ:SLAB) to post $0.50 earnings per share for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Silicon Laboratories’ earnings, with the highest EPS estimate coming in at $0.51 and the lowest estimate coming in at $0.49. Silicon Laboratories posted earnings of $0.52 per share during the same quarter last year, which suggests a negative year over year growth rate of 3.8%. The business is scheduled to issue its next quarterly earnings results before the market opens on Wednesday, July 26th.
On average, analysts expect that Silicon Laboratories will report full year earnings of $2.03 per share for the current year, with EPS estimates ranging from $1.98 to $2.07. For the next fiscal year, analysts expect that the business will post earnings of $2.47 per share. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Silicon Laboratories.
Silicon Laboratories (NASDAQ:SLAB) last issued its quarterly earnings results on Wednesday, April 26th. The semiconductor company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.23. The business had revenue of $179 million during the quarter, compared to the consensus estimate of $176.89 million. Silicon Laboratories had a return on equity of 11.36% and a net margin of 9.95%. The company’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter last year, the company earned $0.51 earnings per share.
A number of research firms recently issued reports on SLAB. B. Riley restated a “buy” rating and set a $81.00 price target on shares of Silicon Laboratories in a research note on Tuesday, May 2nd. Zacks Investment Research upgraded Silicon Laboratories from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. BidaskClub downgraded Silicon Laboratories from a “buy” rating to a “hold” rating in a research note on Thursday, June 29th. Drexel Hamilton restated a “buy” rating and set a $85.00 price target (up previously from $80.00) on shares of Silicon Laboratories in a research note on Saturday, April 29th. Finally, Stifel Nicolaus restated a “buy” rating and set a $82.00 price target on shares of Silicon Laboratories in a research note on Tuesday, June 6th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $77.18.
In related news, CEO George Tyson Tuttle sold 75,000 shares of Silicon Laboratories stock in a transaction on Monday, June 5th. The stock was sold at an average price of $74.89, for a total transaction of $5,616,750.00. Following the completion of the transaction, the chief executive officer now directly owns 208,592 shares of the company’s stock, valued at $15,621,454.88. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Nina Richardson sold 1,669 shares of Silicon Laboratories stock in a transaction on Friday, April 21st. The stock was sold at an average price of $72.35, for a total value of $120,752.15. Following the transaction, the director now directly owns 4,371 shares of the company’s stock, valued at $316,241.85. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 126,995 shares of company stock valued at $9,327,839. 34.82% of the stock is currently owned by insiders.
A number of institutional investors have recently modified their holdings of SLAB. Bronfman E.L. Rothschild L.P. increased its position in Silicon Laboratories by 3.0% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,685 shares of the semiconductor company’s stock worth $124,000 after buying an additional 49 shares in the last quarter. Pier 88 Investment Partners LLC purchased a new position in Silicon Laboratories during the second quarter worth approximately $187,000. Capstone Asset Management Co. purchased a new position in Silicon Laboratories during the first quarter worth approximately $222,000. Oppenheimer Asset Management Inc. purchased a new position in Silicon Laboratories during the first quarter worth approximately $224,000. Finally, LS Investment Advisors LLC increased its position in Silicon Laboratories by 18.0% in the second quarter. LS Investment Advisors LLC now owns 3,355 shares of the semiconductor company’s stock worth $229,000 after buying an additional 512 shares in the last quarter. 90.62% of the stock is owned by hedge funds and other institutional investors.
Shares of Silicon Laboratories (NASDAQ SLAB) traded up 0.92% during midday trading on Thursday, reaching $71.50. The company’s stock had a trading volume of 180,325 shares. The stock’s 50-day moving average price is $71.05 and its 200-day moving average price is $70.91. The company has a market cap of $3.03 billion, a P/E ratio of 42.87 and a beta of 1.23. Silicon Laboratories has a 12-month low of $50.10 and a 12-month high of $78.45.
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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