Equities analysts predict that Silicon Laboratories, Inc. (NASDAQ:SLAB) will post $186.48 million in sales for the current quarter, Zacks reports. Five analysts have made estimates for Silicon Laboratories’ earnings, with the lowest sales estimate coming in at $185.50 million and the highest estimate coming in at $187.20 million. Silicon Laboratories reported sales of $174.91 million in the same quarter last year, which would suggest a positive year over year growth rate of 6.6%. The company is scheduled to issue its next quarterly earnings results before the market opens on Wednesday, July 26th.

According to Zacks, analysts expect that Silicon Laboratories will report full-year sales of $186.48 million for the current financial year, with estimates ranging from $744.63 million to $755.40 million. For the next financial year, analysts forecast that the firm will post sales of $810.04 million per share, with estimates ranging from $803.00 million to $817.80 million. Zacks’ sales calculations are an average based on a survey of analysts that that provide coverage for Silicon Laboratories.

Silicon Laboratories (NASDAQ:SLAB) last announced its earnings results on Wednesday, April 26th. The semiconductor company reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.23. The company had revenue of $179 million for the quarter, compared to analyst estimates of $176.89 million. Silicon Laboratories had a return on equity of 11.36% and a net margin of 9.95%. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.51 earnings per share.

Several research firms have issued reports on SLAB. B. Riley restated a “buy” rating and set a $81.00 target price on shares of Silicon Laboratories in a research report on Tuesday, May 2nd. Zacks Investment Research upgraded Silicon Laboratories from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. BidaskClub downgraded Silicon Laboratories from a “buy” rating to a “hold” rating in a research report on Thursday, June 29th. Drexel Hamilton restated a “buy” rating and set a $85.00 target price (up previously from $80.00) on shares of Silicon Laboratories in a research report on Saturday, April 29th. Finally, Stifel Nicolaus restated a “buy” rating and set a $82.00 target price on shares of Silicon Laboratories in a research report on Tuesday, June 6th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $77.18.

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In related news, Director William G. Bock sold 2,500 shares of the stock in a transaction on Monday, June 5th. The stock was sold at an average price of $75.45, for a total value of $188,625.00. Following the transaction, the director now owns 48,426 shares of the company’s stock, valued at $3,653,741.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO John C. Hollister sold 2,000 shares of the stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $68.25, for a total value of $136,500.00. Following the completion of the transaction, the chief financial officer now directly owns 70,767 shares in the company, valued at approximately $4,829,847.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 125,326 shares of company stock worth $9,207,087. Insiders own 34.82% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SLAB. Northwestern Mutual Investment Management Company LLC boosted its position in Silicon Laboratories by 0.3% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 7,219 shares of the semiconductor company’s stock worth $531,000 after buying an additional 24 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted 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. Victory Capital Management Inc. boosted its position in Silicon Laboratories by 0.5% in the first quarter. Victory Capital Management Inc. now owns 26,441 shares of the semiconductor company’s stock worth $1,945,000 after buying an additional 125 shares in the last quarter. Advantus Capital Management Inc boosted its position in Silicon Laboratories by 3.4% in the first quarter. Advantus Capital Management Inc now owns 5,363 shares of the semiconductor company’s stock worth $394,000 after buying an additional 175 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its position in Silicon Laboratories by 1.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 14,656 shares of the semiconductor company’s stock worth $1,078,000 after buying an additional 200 shares in the last quarter. 90.62% of the stock is currently owned by institutional investors and hedge funds.

Silicon Laboratories (NASDAQ:SLAB) opened at 70.50 on Friday. Silicon Laboratories has a 52 week low of $50.10 and a 52 week high of $78.45. The company has a market cap of $2.99 billion, a price-to-earnings ratio of 42.27 and a beta of 1.23. The stock’s 50 day moving average price is $70.95 and its 200-day moving average price is $70.91.

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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