Zacks: Brokerages Expect Silicon Laboratories, Inc. (SLAB) Will Announce Earnings of $0.86 Per Share

Analysts expect that Silicon Laboratories, Inc. (NASDAQ:SLAB) will report earnings of $0.86 per share for the current quarter, Zacks reports. Five analysts have made estimates for Silicon Laboratories’ earnings, with the highest EPS estimate coming in at $0.86 and the lowest estimate coming in at $0.85. Silicon Laboratories reported earnings per share of $0.75 in the same quarter last year, which would indicate a positive year over year growth rate of 14.7%. The company is expected to report its next earnings report on Wednesday, February 7th.

According to Zacks, analysts expect that Silicon Laboratories will report full year earnings of $3.16 per share for the current fiscal year, with EPS estimates ranging from $3.09 to $3.19. For the next fiscal year, analysts forecast that the company will report earnings of $3.52 per share, with EPS estimates ranging from $3.48 to $3.59. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Silicon Laboratories.

Silicon Laboratories (NASDAQ:SLAB) last released its quarterly earnings results on Wednesday, October 25th. The semiconductor company reported $0.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.09. Silicon Laboratories had a return on equity of 11.06% and a net margin of 9.60%. The company had revenue of $198.70 million for the quarter, compared to analyst estimates of $196.20 million. During the same quarter in the prior year, the firm posted $0.77 EPS. Silicon Laboratories’s quarterly revenue was up 11.6% compared to the same quarter last year.

Several analysts recently weighed in on the company. Roth Capital increased their price target on Silicon Laboratories from $85.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, October 24th. Zacks Investment Research lowered Silicon Laboratories from a “buy” rating to a “hold” rating in a report on Tuesday, September 19th. Drexel Hamilton restated a “buy” rating and set a $103.00 price target (up previously from $85.00) on shares of Silicon Laboratories in a report on Wednesday, October 25th. Needham & Company LLC restated a “buy” rating and set a $85.00 price target on shares of Silicon Laboratories in a report on Monday, September 18th. Finally, Canaccord Genuity increased their price target on Silicon Laboratories from $95.00 to $98.00 and gave the company a “buy” rating in a report on Thursday, October 26th. One research 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 price target of $98.89.

In other Silicon Laboratories news, CEO George Tyson Tuttle sold 3,713 shares of the company’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $80.00, for a total value of $297,040.00. Following the transaction, the chief executive officer now owns 204,879 shares of the company’s stock, valued at approximately $16,390,320. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William P. Wood sold 5,000 shares of the company’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $76.48, for a total value of $382,400.00. Following the completion of the transaction, the director now directly owns 30,526 shares in the company, valued at approximately $2,334,628.48. The disclosure for this sale can be found here. Insiders sold a total of 46,700 shares of company stock worth $3,828,729 in the last ninety days. 34.82% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Advisors Asset Management Inc. grew its position in shares of Silicon Laboratories by 75.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,292 shares of the semiconductor company’s stock worth $103,000 after buying an additional 554 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Silicon Laboratories during the 2nd quarter worth $102,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Silicon Laboratories by 10.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,623 shares of the semiconductor company’s stock worth $111,000 after buying an additional 148 shares in the last quarter. Riverhead Capital Management LLC grew its position in shares of Silicon Laboratories by 76.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,297 shares of the semiconductor company’s stock worth $157,000 after buying an additional 997 shares in the last quarter. Finally, World Asset Management Inc bought a new position in shares of Silicon Laboratories during the 3rd quarter worth $216,000. 90.69% of the stock is currently owned by institutional investors and hedge funds.

Silicon Laboratories (NASDAQ SLAB) traded up $0.25 during trading hours on Thursday, reaching $91.10. The company had a trading volume of 279,708 shares, compared to its average volume of 278,952. Silicon Laboratories has a one year low of $61.80 and a one year high of $96.93. The stock has a market cap of $4,007.51, a price-to-earnings ratio of 41.29, a PEG ratio of 2.78 and a beta of 1.40. The company has a quick ratio of 5.20, a current ratio of 5.66 and a debt-to-equity ratio of 0.40.

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

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