Silicon Laboratories (SLAB) Scheduled to Post Quarterly Earnings on Tuesday

Silicon Laboratories (NASDAQ:SLAB) will be issuing its quarterly earnings data before the market opens on Tuesday, January 30th. Analysts expect the company to announce earnings of $0.86 per share for the quarter.

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 consensus estimate of $0.81 by $0.09. The business had revenue of $198.70 million during 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%. The business’s revenue was up 11.6% on a year-over-year basis. During the same period last year, the firm posted $0.77 earnings per share. On average, analysts expect Silicon Laboratories to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Silicon Laboratories (NASDAQ SLAB) opened at $98.65 on Tuesday. 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 stock has a market cap of $4,200.00, a P/E ratio of 59.07, a PEG ratio of 2.53 and a beta of 1.37. Silicon Laboratories has a 1-year low of $63.75 and a 1-year high of $99.43.

SLAB has been the subject of several recent analyst reports. Stifel Nicolaus increased their price objective on shares of Silicon Laboratories from $85.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, October 12th. BidaskClub upgraded shares of Silicon Laboratories from a “hold” rating to a “buy” rating in a report on Saturday, January 6th. Zacks Investment Research upgraded shares of Silicon Laboratories from a “hold” rating to a “buy” rating and set a $98.00 price objective for the company in a report on Saturday, October 14th. Canaccord Genuity reiterated a “buy” rating and issued a $95.00 price objective (up from $85.00) on shares of Silicon Laboratories in a report on Tuesday, October 10th. Finally, B. Riley reiterated a “buy” rating and issued a $115.00 price objective on shares of Silicon Laboratories in a report on Friday, December 8th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $100.89.

In related news, Director William P. Wood sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $92.50, for a total transaction of $462,500.00. Following the completion of the sale, the director now directly owns 30,526 shares in the company, valued at $2,823,655. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director William G. Bock sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $89.24, for a total transaction of $223,100.00. Following the sale, the director now owns 43,426 shares of the company’s stock, valued at $3,875,336.24. The disclosure for this sale can be found here. Insiders have sold 12,700 shares of company stock valued at $1,160,750 over the last 90 days. 34.82% of the stock is currently owned by 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 for Silicon Laboratories (NASDAQ:SLAB)

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