Wall Street brokerages forecast that Silicon Laboratories, Inc. (NASDAQ:SLAB) will report earnings per share (EPS) of $0.81 for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Silicon Laboratories’ earnings, with the lowest EPS estimate coming in at $0.81 and the highest estimate coming in at $0.82. Silicon Laboratories reported earnings of $0.77 per share during the same quarter last year, which would suggest a positive year over year growth rate of 5.2%. The firm is scheduled to issue its next earnings report on Wednesday, October 25th.

According to Zacks, analysts expect that Silicon Laboratories will report full year earnings of $3.06 per share for the current financial year, with EPS estimates ranging from $3.04 to $3.07. For the next financial year, analysts expect that the business will report earnings of $3.40 per share, with EPS estimates ranging from $3.31 to $3.45. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Silicon Laboratories.

Silicon Laboratories (NASDAQ:SLAB) last announced its quarterly earnings results on Wednesday, July 26th. The semiconductor company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.08. Silicon Laboratories had a net margin of 9.88% and a return on equity of 11.15%. The firm had revenue of $190.10 million for the quarter, compared to the consensus estimate of $186.46 million. During the same period in the prior year, the firm posted $0.75 earnings per share. The company’s revenue for the quarter was up 8.7% on a year-over-year basis.

SLAB has been the subject of a number of recent research reports. BidaskClub downgraded Silicon Laboratories from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 16th. Needham & Company LLC reiterated a “buy” rating and set a $85.00 price objective (up from $80.00) on shares of Silicon Laboratories in a research note on Thursday, July 27th. Zacks Investment Research upgraded Silicon Laboratories from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a research note on Saturday, August 26th. B. Riley reiterated a “buy” rating and set a $90.00 price objective on shares of Silicon Laboratories in a research note on Friday, July 28th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $82.00 price objective on shares of Silicon Laboratories in a research note on Tuesday, June 6th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $80.10.

In related news, Director William P. Wood sold 5,000 shares of the stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $68.55, for a total transaction of $342,750.00. Following the sale, the director now owns 30,526 shares in the company, valued at approximately $2,092,557.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 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 sale, the chief financial officer now owns 70,767 shares in the company, valued at approximately $4,829,847.75. The disclosure for this sale can be found here. Insiders have sold a total of 23,500 shares of company stock worth $1,720,650 in the last 90 days. 34.82% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd purchased a new stake in Silicon Laboratories in the second quarter worth $630,000. Verition Fund Management LLC purchased a new stake in Silicon Laboratories in the second quarter worth $1,299,000. Grandeur Peak Global Advisors LLC increased its stake in Silicon Laboratories by 1.2% in the second quarter. Grandeur Peak Global Advisors LLC now owns 134,440 shares of the semiconductor company’s stock worth $9,189,000 after purchasing an additional 1,600 shares during the period. Piedmont Investment Advisors LLC increased its stake in Silicon Laboratories by 28.4% in the second quarter. Piedmont Investment Advisors LLC now owns 25,055 shares of the semiconductor company’s stock worth $1,713,000 after purchasing an additional 5,541 shares during the period. Finally, Ameritas Investment Partners Inc. increased its stake in Silicon Laboratories by 0.7% in the second quarter. Ameritas Investment Partners Inc. now owns 16,220 shares of the semiconductor company’s stock worth $1,109,000 after purchasing an additional 119 shares during the period. Institutional investors own 88.98% of the company’s stock.

Shares of Silicon Laboratories (NASDAQ SLAB) traded up 0.45% during midday trading on Friday, hitting $78.45. 490,039 shares of the stock were exchanged. The stock has a market cap of $3.34 billion, a P/E ratio of 46.78 and a beta of 1.25. Silicon Laboratories has a 52-week low of $55.04 and a 52-week high of $79.15. The firm’s 50 day moving average price is $75.17 and its 200-day moving average price is $72.50.

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About Silicon Laboratories

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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