Silicon Laboratories (SLAB) Expected to Announce Quarterly Sales of $199.66 Million

Equities analysts predict that Silicon Laboratories (NASDAQ:SLAB) will report $199.66 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Silicon Laboratories’ earnings, with estimates ranging from $199.00 million to $200.60 million. Silicon Laboratories reported sales of $179.03 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 11.5%. The company is expected to issue its next earnings report on Wednesday, April 25th.

According to Zacks, analysts expect that Silicon Laboratories will report full-year sales of $199.66 million for the current year, with estimates ranging from $835.00 million to $842.20 million. For the next financial year, analysts forecast that the company will report sales of $913.32 million per share, with estimates ranging from $903.00 million to $930.70 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Silicon Laboratories.

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

SLAB has been the subject of a number of recent analyst reports. B. Riley increased their target price on shares of Silicon Laboratories from $90.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Canaccord Genuity increased their target price on shares of Silicon Laboratories from $95.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Needham & Company LLC increased their target price on shares of Silicon Laboratories from $85.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Drexel Hamilton restated a “buy” rating and issued a $103.00 price objective (up previously from $85.00) on shares of Silicon Laboratories in a research report on Wednesday, October 25th. Finally, Roth Capital raised their price objective on shares of Silicon Laboratories from $85.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $102.89.

Shares of Silicon Laboratories (NASDAQ:SLAB) opened at $85.75 on Friday. The stock has a market cap of $3,690.00, a PE ratio of 78.67, a P/E/G ratio of 2.46 and a beta of 1.40. 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 Silicon Laboratories news, SVP Brandon Tolany sold 18,235 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $95.00, for a total value of $1,732,325.00. Following the completion of the sale, the senior vice president now owns 69,501 shares in the company, valued at approximately $6,602,595. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William P. Wood sold 5,000 shares of the firm’s stock in a transaction dated 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 sold a total of 25,866 shares of company stock valued at $2,425,025 in the last 90 days. Corporate insiders own 34.82% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. New York State Common Retirement Fund boosted its stake in shares of Silicon Laboratories by 19.0% in 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 last quarter. UBS Asset Management Americas Inc. boosted its stake in shares of Silicon Laboratories by 1.9% in 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 last quarter. Vanguard Group Inc. boosted its stake in shares of Silicon Laboratories by 4.7% in 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 last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of Silicon Laboratories by 4.6% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 88,917 shares of the semiconductor company’s stock valued at $6,077,000 after purchasing an additional 3,920 shares during the last quarter. Finally, Voya Investment Management LLC boosted its stake in shares of Silicon Laboratories by 12.3% in the 2nd quarter. Voya Investment Management LLC now owns 18,764 shares of the semiconductor company’s stock valued at $1,283,000 after purchasing an additional 2,059 shares during the last quarter. Hedge funds and other institutional investors own 90.02% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Silicon Laboratories (SLAB) Expected to Announce Quarterly Sales of $199.66 Million” was originally reported by American Banking News and is the sole property of of American Banking News. If you are reading this report on another site, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this report can be viewed at https://www.americanbankingnews.com/2018/02/09/silicon-laboratories-slab-expected-to-announce-quarterly-sales-of-199-66-million.html.

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.

Get a free copy of the Zacks research report on Silicon Laboratories (SLAB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Silicon Laboratories Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Silicon Laboratories and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply