Silicon Laboratories (SLAB) Scheduled to Post Quarterly Earnings on Thursday
Silicon Laboratories (NASDAQ:SLAB) will be issuing its Q313 quarterly earnings data on Thursday, October 24th. Analysts expect the company to announce earnings of $0.43 per share and revenue of $146.56 million for the quarter.
Silicon Laboratories (NASDAQ:SLAB) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.50 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.50. The company had revenue of $141.50 million for the quarter, compared to the consensus estimate of $143.60 million. During the same quarter in the prior year, the company posted $0.51 earnings per share. The company’s quarterly revenue was up 4.3% on a year-over-year basis.
Shares of Silicon Laboratories (NASDAQ:SLAB) opened at 42.19 on Wednesday. Silicon Laboratories has a 52-week low of $35.00 and a 52-week high of $47.41. The stock has a 50-day moving average of $39.72 and a 200-day moving average of $41.27. The company has a market cap of $1.802 billion and a price-to-earnings ratio of 29.52.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Silicon Laboratories from an “underperform” rating to a “neutral” rating in a research note to investors on Thursday, September 26th. They now have a $42.70 price target on the stock. On a related note, analysts at TheStreet downgraded shares of Silicon Laboratories from a “buy” rating to a “hold” rating in a research note to investors on Friday, August 23rd. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $47.10.
In other Silicon Laboratories news, SVP David Bresemann sold 1,500 shares of Silicon Laboratories stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $43.36, for a total value of $65,040.00. Following the sale, the senior vice president now directly owns 55,040 shares in the company, valued at approximately $2,386,534. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Silicon Laboratories Inc designs and develops analog-intensive, mixed-signal and integrated circuits (NASDAQ:SLAB) for a broad range of applications.
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