Brokerages expect that Silicon Laboratories, Inc. (NASDAQ:SLAB) will report $196.20 million in sales for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Silicon Laboratories’ earnings, with the highest sales estimate coming in at $197.00 million and the lowest estimate coming in at $195.50 million. Silicon Laboratories reported sales of $178.08 million in the same quarter last year, which indicates a positive year-over-year growth rate of 10.2%. The business is scheduled to announce its next earnings results on Wednesday, October 25th.

According to Zacks, analysts expect that Silicon Laboratories will report full year sales of $196.20 million for the current fiscal year, with estimates ranging from $760.73 million to $764.00 million. For the next financial year, analysts expect that the firm will report sales of $824.70 million per share, with estimates ranging from $816.60 million to $830.60 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Silicon Laboratories.

Silicon Laboratories (NASDAQ:SLAB) last released its earnings results on Wednesday, July 26th. The semiconductor company reported $0.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.08. Silicon Laboratories had a net margin of 9.88% and a return on equity of 11.15%. The company had revenue of $190.10 million for the quarter, compared to analyst estimates of $186.46 million. During the same quarter last year, the firm earned $0.75 EPS. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year.

A number of research analysts have weighed in on SLAB shares. B. Riley reiterated a “buy” rating and set a $90.00 price objective on shares of Silicon Laboratories in a research report on Friday, July 28th. Zacks Investment Research cut shares of Silicon Laboratories from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. Stifel Nicolaus reiterated a “buy” rating and set a $85.00 price objective (up previously from $82.00) on shares of Silicon Laboratories in a research report on Thursday, July 27th. BidaskClub upgraded shares of Silicon Laboratories from a “hold” rating to a “buy” rating in a research report on Wednesday, August 16th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $85.00 price objective on shares of Silicon Laboratories in a research report on Monday, September 18th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $82.44.

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Silicon Laboratories (NASDAQ:SLAB) opened at 83.05 on Friday. Silicon Laboratories has a 12-month low of $55.97 and a 12-month high of $83.45. The company has a market cap of $3.53 billion, a price-to-earnings ratio of 49.52 and a beta of 1.28. The company’s 50 day moving average is $77.17 and its 200 day moving average is $73.58.

In related news, CEO George Tyson Tuttle sold 13,594 shares of the company’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $80.07, for a total value of $1,088,471.58. Following the completion of the sale, the chief executive officer now directly owns 183,592 shares of the company’s stock, valued at $14,700,211.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director William P. Wood sold 5,000 shares of the company’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $76.35, for a total transaction of $381,750.00. Following the completion of the sale, the director now directly owns 30,526 shares of the company’s stock, valued at $2,330,660.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 48,500 shares of company stock valued at $3,800,679. 34.82% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Alps Advisors Inc. lifted its stake in Silicon Laboratories by 0.3% in the second quarter. Alps Advisors Inc. now owns 6,711 shares of the semiconductor company’s stock worth $459,000 after acquiring an additional 18 shares during the period. Granite Investment Partners LLC lifted its stake in Silicon Laboratories by 0.4% in the second quarter. Granite Investment Partners LLC now owns 9,812 shares of the semiconductor company’s stock worth $671,000 after acquiring an additional 38 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Silicon Laboratories by 1.0% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,180 shares of the semiconductor company’s stock worth $422,000 after acquiring an additional 61 shares during the period. Los Angeles Capital Management & Equity Research Inc. lifted its stake in Silicon Laboratories by 0.9% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 11,811 shares of the semiconductor company’s stock worth $807,000 after acquiring an additional 100 shares during the period. Finally, Ameritas Investment Partners Inc. lifted 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 acquiring an additional 119 shares during the period. 88.99% of the stock is owned by institutional investors.

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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