Wall Street brokerages forecast that Silicon Laboratories, Inc. (NASDAQ:SLAB) will report sales of $197.87 million for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Silicon Laboratories’ earnings, with estimates ranging from $197.10 million to $198.45 million. Silicon Laboratories posted sales of $182.61 million in the same quarter last year, which would indicate a positive year over year growth rate of 8.4%. The firm is expected to issue its next quarterly earnings report on Wednesday, February 7th.

According to Zacks, analysts expect that Silicon Laboratories will report full-year sales of $197.87 million for the current year, with estimates ranging from $764.00 million to $766.30 million. For the next fiscal year, analysts forecast that the business will report sales of $826.69 million per share, with estimates ranging from $823.00 million to $830.60 million. Zacks’ sales averages are an average based on a survey of research firms that cover Silicon Laboratories.

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

Several equities research analysts have recently commented on the stock. Barclays restated a “neutral” rating on shares of Silicon Laboratories in a research note on Friday, October 27th. Needham & Company LLC boosted their target price on shares of Silicon Laboratories from $85.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Canaccord Genuity boosted their target price on shares of Silicon Laboratories from $95.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. B. Riley boosted their target price on shares of Silicon Laboratories from $90.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Finally, Drexel Hamilton restated a “buy” rating and issued a $103.00 target price (up previously from $85.00) on shares of Silicon Laboratories in a research note on Wednesday, October 25th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Silicon Laboratories has an average rating of “Buy” and an average price target of $98.89.

Shares of Silicon Laboratories (NASDAQ SLAB) opened at $91.25 on Friday. Silicon Laboratories has a 52 week low of $61.95 and a 52 week high of $96.93. The company has a quick ratio of 5.20, a current ratio of 5.66 and a debt-to-equity ratio of 0.40. The company 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.

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

A number of large investors have recently made changes to their positions in SLAB. Quantbot Technologies LP bought a new stake in Silicon Laboratories during the 2nd quarter worth about $102,000. Advisors Asset Management Inc. raised its holdings in 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 purchasing an additional 554 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in 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 purchasing an additional 148 shares during the last quarter. Riverhead Capital Management LLC raised its holdings in 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 purchasing an additional 997 shares during the last quarter. Finally, BT Investment Management Ltd bought a new stake in Silicon Laboratories during the 2nd quarter worth about $202,000. 90.69% of the stock is owned by hedge funds and other institutional investors.

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

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