Silicon Laboratories Expected to Earn Q1 2019 Earnings of $0.70 Per Share (SLAB)

Silicon Laboratories (NASDAQ:SLAB) – Research analysts at B. Riley issued their Q1 2019 EPS estimates for Silicon Laboratories in a research note issued to investors on Wednesday. B. Riley analyst C. Ellis forecasts that the semiconductor company will earn $0.70 per share for the quarter. B. Riley currently has a “Buy” rating on the stock. B. Riley also issued estimates for Silicon Laboratories’ Q2 2019 earnings at $0.80 EPS, Q3 2019 earnings at $0.90 EPS and Q4 2019 earnings at $0.93 EPS.

Silicon Laboratories (NASDAQ:SLAB) last released its quarterly earnings data on Wednesday, January 31st. The semiconductor company reported $0.93 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.07. The firm had revenue of $201.02 million during the quarter, compared to the consensus estimate of $197.93 million. Silicon Laboratories had a return on equity of 11.11% and a net margin of 6.12%. The company’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.75 earnings per share.

Several other research analysts have also recently issued reports on the company. Drexel Hamilton reaffirmed a “buy” rating and set a $103.00 target price (up previously from $85.00) on shares of Silicon Laboratories in a research report on Wednesday, October 25th. Zacks Investment Research cut Silicon Laboratories from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. Roth Capital lifted their target price on Silicon Laboratories from $85.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday, October 24th. BidaskClub raised Silicon Laboratories from a “hold” rating to a “buy” rating in a research report on Saturday, January 6th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $110.00 price objective on shares of Silicon Laboratories in a research report on Monday, December 11th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Silicon Laboratories has an average rating of “Buy” and a consensus price target of $102.89.

Silicon Laboratories (NASDAQ SLAB) opened at $95.40 on Monday. The stock has a market capitalization of $4,074.40, a P/E ratio of 40.77, a P/E/G ratio of 2.46 and a beta of 1.41. The company has a current ratio of 5.84, a quick ratio of 5.39 and a debt-to-equity ratio of 0.36. Silicon Laboratories has a 1 year low of $66.35 and a 1 year high of $100.00.

In other news, SVP Brandon Tolany sold 18,235 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $95.00, for a total transaction of $1,732,325.00. Following the transaction, the senior vice president now owns 69,501 shares of the company’s stock, valued at approximately $6,602,595. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William G. Bock sold 2,500 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $89.24, for a total value of $223,100.00. Following the transaction, the director now directly owns 43,426 shares in the company, valued at approximately $3,875,336.24. The disclosure for this sale can be found here. Insiders have sold a total of 25,866 shares of company stock worth $2,425,025 in the last ninety days. Insiders own 34.82% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Wells Fargo & Company MN raised its stake in shares of Silicon Laboratories by 32.9% during the 2nd quarter. Wells Fargo & Company MN now owns 107,484 shares of the semiconductor company’s stock valued at $7,346,000 after purchasing an additional 26,635 shares during the period. New York State Common Retirement Fund raised its stake in shares of Silicon Laboratories by 19.0% during the 2nd quarter. New York State Common Retirement Fund now owns 80,860 shares of the semiconductor company’s stock valued at $5,527,000 after purchasing an additional 12,916 shares during the period. UBS Asset Management Americas Inc. raised its stake in shares of Silicon Laboratories by 1.9% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 25,626 shares of the semiconductor company’s stock valued at $1,752,000 after purchasing an additional 470 shares during the period. Northern Trust Corp raised its stake in shares of Silicon Laboratories by 3.6% during the 2nd quarter. Northern Trust Corp now owns 709,518 shares of the semiconductor company’s stock valued at $48,495,000 after purchasing an additional 24,821 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Silicon Laboratories by 4.7% during the 2nd quarter. Vanguard Group Inc. now owns 3,446,677 shares of the semiconductor company’s stock valued at $235,581,000 after purchasing an additional 154,654 shares during the period. 90.02% of the stock is currently owned by hedge funds and other institutional investors.

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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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