Silicon Laboratories, Inc. (NASDAQ:SLAB) – Stock analysts at KeyCorp lifted their FY2017 earnings estimates for shares of Silicon Laboratories in a research note issued to investors on Wednesday. KeyCorp analyst J. Vinh now anticipates that the semiconductor company will post earnings of $2.28 per share for the year, up from their previous estimate of $2.17. KeyCorp also issued estimates for Silicon Laboratories’ FY2018 earnings at $2.65 EPS.

Silicon Laboratories (NASDAQ:SLAB) last issued its earnings results on Wednesday, October 25th. The semiconductor company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.81 by $0.09. The company had revenue of $198.70 million for the quarter, compared to analyst estimates of $196.20 million. Silicon Laboratories had a net margin of 9.60% and a return on equity of 11.06%. The business’s revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.77 EPS.

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A number of other research analysts have also issued reports on the company. Barclays PLC reaffirmed a “neutral” rating on shares of Silicon Laboratories in a report on Friday. B. Riley increased their price target on Silicon Laboratories from $90.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday. Canaccord Genuity increased their price target on Silicon Laboratories from $95.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday. Needham & Company LLC increased their price target on Silicon Laboratories from $85.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Drexel Hamilton reiterated a “buy” rating and issued a $103.00 price target (up previously from $85.00) on shares of Silicon Laboratories in a research report on Wednesday, October 25th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Silicon Laboratories has a consensus rating of “Buy” and a consensus target price of $98.89.

Shares of Silicon Laboratories (SLAB) opened at 93.90 on Monday. Silicon Laboratories has a 12 month low of $58.35 and a 12 month high of $94.40. The stock has a market capitalization of $4.00 billion, a price-to-earnings ratio of 55.99 and a beta of 1.28. The firm’s 50 day moving average is $83.19 and its 200 day moving average is $75.41.

In other Silicon Laboratories news, CEO George Tyson Tuttle sold 13,594 shares of the firm’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $80.07, for a total transaction of $1,088,471.58. Following the completion of the sale, the chief executive officer now directly owns 183,592 shares in the company, valued at approximately $14,700,211.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO John C. Hollister sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, October 18th. The stock was sold at an average price of $88.45, for a total value of $176,900.00. Following the sale, the chief financial officer now owns 64,767 shares of the company’s stock, valued at $5,728,641.15. The disclosure for this sale can be found here. Insiders sold a total of 48,500 shares of company stock valued at $3,841,079 in the last quarter. 34.82% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Alps Advisors Inc. boosted its position in Silicon Laboratories by 0.3% during the 2nd 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 boosted its position in Silicon Laboratories by 0.4% during the 2nd 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 boosted its position in Silicon Laboratories by 1.0% during the 2nd 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. boosted its position in Silicon Laboratories by 0.9% during the 2nd 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. boosted its position in Silicon Laboratories by 0.7% during the 2nd 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. Hedge funds and other institutional investors own 89.64% 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.

Earnings History and Estimates for Silicon Laboratories (NASDAQ:SLAB)

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