Silicon Labs (SLAB) to Release Quarterly Earnings on Tuesday

Silicon Labs (NASDAQ:SLAB) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, April 24th. Analysts expect the company to announce earnings of $0.76 per share for the quarter. Silicon Labs has set its Q1 guidance at $0.73-0.79 EPS.

Silicon Labs (NASDAQ:SLAB) last released its earnings results 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 company had revenue of $201.02 million during the quarter, compared to analysts’ expectations of $197.93 million. Silicon Labs had a return on equity of 11.11% and a net margin of 6.12%. The business’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period last year, the firm earned $0.75 EPS. On average, analysts expect Silicon Labs to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

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NASDAQ SLAB opened at $93.55 on Tuesday. The firm has a market capitalization of $3,999.78, a PE ratio of 39.81, a PEG ratio of 2.45 and a beta of 1.42. Silicon Labs has a 52 week low of $66.35 and a 52 week high of $101.90. The company has a quick ratio of 5.39, a current ratio of 5.84 and a debt-to-equity ratio of 0.36.

In related news, SVP Sandeep P. Kumar sold 5,750 shares of Silicon Labs stock in a transaction on Friday, March 9th. The stock was sold at an average price of $100.00, for a total transaction of $575,000.00. Following the completion of the sale, the senior vice president now directly owns 41,633 shares of the company’s stock, valued at $4,163,300. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director William G. Bock sold 2,500 shares of Silicon Labs stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $91.91, for a total value of $229,775.00. Following the sale, the director now directly owns 40,926 shares of the company’s stock, valued at $3,761,508.66. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,676 shares of company stock valued at $3,378,918. 1.96% of the stock is owned by insiders.

SLAB has been the subject of several research reports. Drexel Hamilton reissued a “buy” rating and issued a $111.00 target price (up from $103.00) on shares of Silicon Labs in a research note on Wednesday, January 31st. Stifel Nicolaus reissued a “buy” rating and issued a $108.00 target price (up from $100.00) on shares of Silicon Labs in a research note on Thursday, January 18th. BidaskClub cut Silicon Labs from a “buy” rating to a “hold” rating in a research note on Wednesday, December 27th. Zacks Investment Research cut Silicon Labs from a “hold” rating to a “sell” rating in a research note on Wednesday, February 7th. Finally, ValuEngine raised Silicon Labs from a “hold” rating to a “buy” rating in a research note on Thursday, April 12th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $104.60.

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Silicon Labs Company Profile

Silicon Laboratories Inc, a fabless semiconductor company, designs, develops, and markets mixed-signal integrated circuits (ICs) in the United States, China, and internationally. The company offers Internet of things products, such as 8-bit mixed-signal, 32-bit wireless, and ultra-low-power 32-bit microcontrollers; wireless connectivity devices, including multiprotocol wireless Gecko system-on-chip devices; real-time operating systems; sensor products comprising optical, relative humidity/temperature, and hall effect magnetic sensors.

Earnings History for Silicon Labs (NASDAQ:SLAB)

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