Silicon Laboratories, Inc. (SLAB) Expected to Post Quarterly Sales of $197.89 Million

Equities research analysts expect that Silicon Laboratories, Inc. (NASDAQ:SLAB) will post sales of $197.89 million for the current quarter, according to Zacks. Five analysts have issued estimates for Silicon Laboratories’ earnings, with the highest sales estimate coming in at $198.45 million and the lowest estimate coming in at $197.10 million. Silicon Laboratories reported sales of $182.61 million during the same quarter last year, which indicates a positive year over year growth rate of 8.4%. The firm is scheduled to announce its next quarterly 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 financial year, with estimates ranging from $764.90 million to $766.30 million. For the next fiscal year, analysts expect that the firm will post sales of $827.63 million per share, with estimates ranging from $823.00 million to $835.30 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that that provide coverage for Silicon Laboratories.

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

A number of equities research analysts recently commented on SLAB shares. Drexel Hamilton reaffirmed a “buy” rating and issued a $103.00 price target (up previously from $85.00) on shares of Silicon Laboratories in a report on Wednesday, October 25th. Roth Capital lifted their price target on shares of Silicon Laboratories from $85.00 to $100.00 and gave the stock a “buy” rating in a report on Tuesday, October 24th. B. Riley lifted their price target on shares of Silicon Laboratories from $90.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Zacks Investment Research raised shares of Silicon Laboratories from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a report on Saturday, October 14th. Finally, Barclays reissued a “neutral” rating on shares of Silicon Laboratories in a report on Friday, October 27th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Silicon Laboratories has an average rating of “Buy” and a consensus target price of $99.44.

Shares of Silicon Laboratories (SLAB) opened at $94.75 on Friday. 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 $4,030.00, a P/E ratio of 56.74, a P/E/G ratio of 2.40 and a beta of 1.37. Silicon Laboratories has a 1-year low of $63.15 and a 1-year high of $96.93.

In other Silicon Laboratories news, CFO John C. Hollister sold 2,000 shares of the business’s stock in a transaction on Wednesday, October 18th. The shares were sold at an average price of $88.45, for a total transaction of $176,900.00. Following the sale, the chief financial officer now owns 64,767 shares of the company’s stock, valued at approximately $5,728,641.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William P. Wood sold 5,000 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $91.30, for a total transaction of $456,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 14,700 shares of company stock worth $1,337,650 in the last three months. Insiders own 34.82% of the company’s stock.

A number of hedge funds have recently modified their holdings of SLAB. 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 valued at $103,000 after purchasing an additional 554 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of Silicon Laboratories during the 2nd quarter valued at $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 valued at $111,000 after purchasing 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 valued at $157,000 after purchasing an additional 997 shares in the last quarter. Finally, World Asset Management Inc purchased a new position in shares of Silicon Laboratories during the 3rd quarter valued at $216,000. 90.80% of the stock is currently owned by institutional investors and hedge funds.

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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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