Silicon Laboratories, Inc. (NASDAQ:SLAB) – Analysts at B. Riley boosted their Q4 2017 EPS estimates for shares of Silicon Laboratories in a research note issued on Monday. B. Riley analyst C. Ellis now expects that the semiconductor company will post earnings per share of $0.66 for the quarter, up from their previous estimate of $0.63. B. Riley has a “Buy” rating and a $115.00 price objective on the stock.

Silicon Laboratories (NASDAQ:SLAB) last posted its quarterly earnings data on Wednesday, October 25th. The semiconductor company reported $0.90 earnings per share (EPS) for the quarter, beating the Zacks’ 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 during the quarter, compared to analysts’ expectations of $196.20 million. During the same quarter in the previous year, the business earned $0.77 EPS. Silicon Laboratories’s revenue was up 11.6% compared to the same quarter last year.

Other equities research analysts have also recently issued reports about the company. BidaskClub upgraded Silicon Laboratories from a “hold” rating to a “buy” rating in a report on Wednesday, August 16th. Drexel Hamilton reiterated a “buy” rating and issued a $103.00 target price (up from $85.00) on shares of Silicon Laboratories in a report on Wednesday, October 25th. Roth Capital upped their target price on Silicon Laboratories from $85.00 to $100.00 and gave the stock a “buy” rating in a report on Tuesday, October 24th. Needham & Company LLC reiterated a “buy” rating and issued a $85.00 target price on shares of Silicon Laboratories in a report on Monday, September 18th. Finally, Zacks Investment Research upgraded Silicon Laboratories from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a report on Saturday, August 26th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Silicon Laboratories presently has an average rating of “Buy” and a consensus target price of $99.44.

Shares of Silicon Laboratories (SLAB) opened at $88.75 on Thursday. Silicon Laboratories has a 1-year low of $63.15 and a 1-year high of $96.93. The firm has a market capitalization of $3,794.68, a price-to-earnings ratio of 39.10, a price-to-earnings-growth ratio of 2.64 and a beta of 1.37. The company has a debt-to-equity ratio of 0.40, a current ratio of 5.66 and a quick ratio of 5.20.

Several hedge funds and other institutional investors have recently modified their holdings of SLAB. Capstone Asset Management Co. lifted its stake in shares of Silicon Laboratories by 8.6% during the 2nd quarter. Capstone Asset Management Co. now owns 3,280 shares of the semiconductor company’s stock worth $224,000 after purchasing an additional 260 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Silicon Laboratories by 4.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 49,010 shares of the semiconductor company’s stock worth $3,350,000 after purchasing an additional 2,136 shares during the last quarter. Great West Life Assurance Co. Can increased its position in Silicon Laboratories by 3.7% during the 2nd quarter. Great West Life Assurance Co. Can now owns 26,009 shares of the semiconductor company’s stock valued at $1,776,000 after buying an additional 934 shares in the last quarter. Sei Investments Co. increased its position in Silicon Laboratories by 11.9% during the 2nd quarter. Sei Investments Co. now owns 64,818 shares of the semiconductor company’s stock valued at $4,431,000 after buying an additional 6,884 shares in the last quarter. Finally, Arizona State Retirement System increased its position in Silicon Laboratories by 2.9% during the 2nd quarter. Arizona State Retirement System now owns 17,900 shares of the semiconductor company’s stock valued at $1,223,000 after buying an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 90.81% of the company’s stock.

In related news, CEO George Tyson Tuttle sold 13,594 shares of the company’s stock in a transaction on 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John C. Hollister sold 2,000 shares of the company’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $78.45, for a total value of $156,900.00. Following the sale, the chief financial officer now owns 66,767 shares of the company’s stock, valued at $5,237,871.15. The disclosure for this sale can be found here. Insiders have sold a total of 46,700 shares of company stock valued at $3,902,829 over the last 90 days. 34.82% of the stock is currently owned by company insiders.

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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.

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

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