Silicon Laboratories, Inc. (SLAB) Scheduled to Post Quarterly Earnings on Tuesday
Silicon Laboratories, Inc. (NASDAQ:SLAB) will be releasing its earnings data before the market opens on Tuesday, October 24th. Analysts expect Silicon Laboratories to post earnings of $0.81 per share for the quarter. Silicon Laboratories has set its Q3 guidance at $0.78-0.84 EPS.
Silicon Laboratories (NASDAQ:SLAB) last released its quarterly earnings results on Wednesday, July 26th. The semiconductor company reported $0.79 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $186.46 million. During the same period last year, the company earned $0.75 EPS. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. On average, analysts expect Silicon Laboratories to post $3.06 EPS for the current fiscal year and $3.46 EPS for the next fiscal year.
Silicon Laboratories, Inc. (NASDAQ:SLAB) opened at 87.55 on Tuesday. Silicon Laboratories, Inc. has a 12 month low of $56.31 and a 12 month high of $88.85. The firm has a market capitalization of $3.72 billion, a PE ratio of 52.21 and a beta of 1.28. The firm’s 50-day moving average is $79.46 and its 200-day moving average is $74.16.
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A number of equities analysts have recently commented on SLAB shares. Zacks Investment Research cut Silicon Laboratories from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. Stifel Nicolaus upped their target price on Silicon Laboratories from $85.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, October 12th. Needham & Company LLC reaffirmed a “buy” rating and issued a $85.00 target price on shares of Silicon Laboratories in a report on Monday, September 18th. BidaskClub raised Silicon Laboratories from a “hold” rating to a “buy” rating in a report on Wednesday, August 16th. Finally, B. Riley reaffirmed a “buy” rating and issued a $90.00 target price on shares of Silicon Laboratories in a report on Friday, July 28th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Silicon Laboratories presently has an average rating of “Buy” and a consensus target price of $86.00.
In related news, 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 sale, the director now owns 30,526 shares in the company, valued at approximately $2,330,660.10. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 sale, the chief executive officer now owns 183,592 shares in the company, valued at approximately $14,700,211.44. The disclosure for this sale can be found here. Insiders sold a total of 46,500 shares of company stock worth $3,664,179 in the last quarter. Corporate 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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