Silicon Laboratories, Inc. (SLAB) to Release Quarterly Earnings on Wednesday
Silicon Laboratories, Inc. (NASDAQ:SLAB) is scheduled to announce its earnings results before the market opens on Wednesday, July 26th. Analysts expect the company to announce earnings of $0.71 per share for the quarter. Silicon Laboratories has set its Q2 guidance at $0.68-$0.74 EPS.
Silicon Laboratories (NASDAQ:SLAB) last released its quarterly earnings data on Wednesday, April 26th. The semiconductor company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.40 by $0.23. Silicon Laboratories had a net margin of 9.95% and a return on equity of 11.36%. The business had revenue of $179 million during the quarter, compared to the consensus estimate of $176.89 million. During the same quarter in the prior year, the firm earned $0.51 EPS. The business’s revenue was up 10.5% on a year-over-year basis. On average, analysts expect Silicon Laboratories to post $2.93 EPS for the current fiscal year and $3.38 EPS for the next fiscal year.
Silicon Laboratories, Inc. (SLAB) traded down 1.07% on Tuesday, hitting $69.55. 635,752 shares of the company’s stock traded hands. The stock has a 50-day moving average of $70.65 and a 200-day moving average of $71.01. Silicon Laboratories, Inc. has a one year low of $51.31 and a one year high of $78.45. The stock has a market cap of $2.95 billion, a PE ratio of 41.70 and a beta of 1.24.
Several equities analysts have weighed in on SLAB shares. BidaskClub lowered shares of Silicon Laboratories from a “strong-buy” rating to a “buy” rating in a report on Friday, June 16th. Drexel Hamilton reiterated a “buy” rating and issued a $85.00 target price (up from $80.00) on shares of Silicon Laboratories in a report on Saturday, April 29th. Zacks Investment Research lowered shares of Silicon Laboratories from a “hold” rating to a “sell” rating in a report on Friday, April 28th. Stifel Nicolaus boosted their target price on shares of Silicon Laboratories from $80.00 to $82.00 and gave the company a “buy” rating in a report on Monday, May 1st. Finally, B. Riley reiterated a “buy” rating and issued a $81.00 target price on shares of Silicon Laboratories in a report on Wednesday, April 26th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $77.18.
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In other news, CEO George Tyson Tuttle sold 75,000 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $74.89, for a total value of $5,616,750.00. Following the transaction, the chief executive officer now directly owns 208,592 shares in the company, valued at approximately $15,621,454.88. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William P. Wood sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $70.75, for a total transaction of $353,750.00. Following the completion of the transaction, the director now owns 35,526 shares in the company, valued at $2,513,464.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 125,326 shares of company stock worth $9,207,087. Company insiders own 34.82% of the company’s stock.
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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