Wall Street brokerages expect Silicon Laboratories, Inc. (NASDAQ:SLAB) to post sales of $197.89 million for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Silicon Laboratories’ earnings, with estimates ranging from $197.10 million to $198.45 million. Silicon Laboratories reported sales of $182.61 million in the same quarter last year, which indicates a positive year over year growth rate of 8.4%. The company is expected to issue its next earnings report on Wednesday, February 7th.

According to Zacks, analysts expect that Silicon Laboratories will report full year sales of $197.89 million for the current year, with estimates ranging from $764.90 million to $766.30 million. For the next fiscal year, analysts forecast that the firm will report sales of $827.63 million per share, with estimates ranging from $823.00 million to $835.30 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Silicon Laboratories.

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. The company had revenue of $198.70 million for the quarter, compared to the consensus estimate of $196.20 million. Silicon Laboratories had a net margin of 9.60% and a return on equity of 11.06%. The firm’s revenue was up 11.6% compared to the same quarter last year. During the same period last year, the company earned $0.77 earnings per share.

A number of equities analysts recently weighed in on the stock. Needham & Company LLC restated a “buy” rating and set a $110.00 target price on shares of Silicon Laboratories in a report on Monday, December 11th. B. Riley restated a “buy” rating and set a $115.00 target price on shares of Silicon Laboratories in a report on Friday, December 8th. Roth Capital boosted their target price on shares of Silicon Laboratories from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Monday, December 11th. Barclays boosted their target price on shares of Silicon Laboratories from $72.00 to $86.00 and gave the stock an “overweight” rating in a report on Wednesday, October 18th. Finally, Zacks Investment Research downgraded shares of Silicon Laboratories from a “buy” rating to a “hold” rating in a report on Friday, August 25th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $99.44.

Silicon Laboratories (SLAB) opened at $90.30 on Wednesday. The firm has a market cap of $3,815.97, a price-to-earnings ratio of 39.32, a P/E/G ratio of 2.63 and a beta of 1.37. Silicon Laboratories has a fifty-two week low of $63.15 and a fifty-two week high of $96.93. The company has a current ratio of 5.66, a quick ratio of 5.20 and a debt-to-equity ratio of 0.40.

In other news, Director William G. Bock sold 2,500 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $89.24, for a total value of $223,100.00. Following the completion of the sale, the director now owns 43,426 shares of the company’s stock, valued at $3,875,336.24. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director William P. Wood sold 5,000 shares of the business’s stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $81.45, for a total transaction of $407,250.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,294 shares of company stock valued at $2,833,372. Company insiders own 34.82% of the company’s stock.

Several institutional investors have recently made changes to their positions in SLAB. Russell Investments Group Ltd. boosted its position in shares of Silicon Laboratories by 4.6% in the second quarter. Russell Investments Group Ltd. now owns 49,010 shares of the semiconductor company’s stock valued at $3,350,000 after acquiring an additional 2,136 shares during the period. Great West Life Assurance Co. Can boosted its position in shares of Silicon Laboratories by 3.7% in the second quarter. Great West Life Assurance Co. Can now owns 26,009 shares of the semiconductor company’s stock valued at $1,776,000 after acquiring an additional 934 shares during the period. Arizona State Retirement System boosted its position in shares of Silicon Laboratories by 2.9% in the second quarter. Arizona State Retirement System now owns 17,900 shares of the semiconductor company’s stock valued at $1,223,000 after acquiring an additional 500 shares during the period. First Trust Advisors LP boosted its position in shares of Silicon Laboratories by 54.4% in the second quarter. First Trust Advisors LP now owns 40,486 shares of the semiconductor company’s stock valued at $2,767,000 after acquiring an additional 14,265 shares during the period. Finally, Teacher Retirement System of Texas boosted its position in shares of Silicon Laboratories by 6.5% in the second quarter. Teacher Retirement System of Texas now owns 3,349 shares of the semiconductor company’s stock valued at $229,000 after acquiring an additional 205 shares during the period. 90.80% of the stock is owned by 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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