Silicon Laboratories (SLAB) Expected to Post Earnings of $0.47 Per Share

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Wall Street brokerages predict that Silicon Laboratories (NASDAQ:SLAB) will post earnings per share (EPS) of $0.47 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Silicon Laboratories’ earnings, with the lowest EPS estimate coming in at $0.46 and the highest estimate coming in at $0.48. Silicon Laboratories reported earnings per share of $0.87 in the same quarter last year, which suggests a negative year over year growth rate of 46%. The company is expected to issue its next quarterly earnings results on Wednesday, April 24th.

On average, analysts expect that Silicon Laboratories will report full year earnings of $2.89 per share for the current year, with EPS estimates ranging from $2.77 to $3.01. For the next financial year, analysts anticipate that the firm will post earnings of $3.73 per share, with EPS estimates ranging from $3.44 to $4.08. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Silicon Laboratories.

Silicon Laboratories (NASDAQ:SLAB) last issued its earnings results on Wednesday, January 30th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.03). The company had revenue of $215.50 million during the quarter, compared to analyst estimates of $224.21 million. Silicon Laboratories had a return on equity of 12.13% and a net margin of 9.63%. The firm’s revenue was up 7.2% compared to the same quarter last year. During the same period last year, the business earned $0.93 earnings per share.

A number of equities analysts have recently weighed in on the company. Zacks Investment Research cut Silicon Laboratories from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 6th. Needham & Company LLC cut Silicon Laboratories from a “buy” rating to a “hold” rating in a report on Thursday, January 31st. Benchmark lowered their price target on Silicon Laboratories from $110.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, January 30th. BidaskClub upgraded Silicon Laboratories from a “hold” rating to a “buy” rating in a report on Friday, February 8th. Finally, Barclays reiterated a “hold” rating and set a $80.00 price target on shares of Silicon Laboratories in a report on Thursday, January 31st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. Silicon Laboratories currently has a consensus rating of “Hold” and an average target price of $99.60.

NASDAQ SLAB opened at $82.14 on Monday. The firm has a market cap of $3.56 billion, a PE ratio of 28.72, a price-to-earnings-growth ratio of 2.94 and a beta of 1.47. The company has a debt-to-equity ratio of 0.33, a current ratio of 5.71 and a quick ratio of 5.19. Silicon Laboratories has a twelve month low of $73.13 and a twelve month high of $110.70.

In related news, Director William G. Bock sold 1,000 shares of the firm’s stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $87.74, for a total transaction of $87,740.00. Following the completion of the transaction, the director now directly owns 38,751 shares in the company, valued at approximately $3,400,012.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.10% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Advisor Group Inc. boosted its holdings in Silicon Laboratories by 13.9% during the 4th quarter. Advisor Group Inc. now owns 1,345 shares of the semiconductor company’s stock valued at $106,000 after acquiring an additional 164 shares during the period. Arizona State Retirement System boosted its holdings in Silicon Laboratories by 0.6% during the 4th quarter. Arizona State Retirement System now owns 30,969 shares of the semiconductor company’s stock valued at $2,441,000 after acquiring an additional 188 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Silicon Laboratories by 9.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,923 shares of the semiconductor company’s stock valued at $230,000 after acquiring an additional 241 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in Silicon Laboratories by 1.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 17,230 shares of the semiconductor company’s stock valued at $1,358,000 after acquiring an additional 305 shares during the period. Finally, Xact Kapitalforvaltning AB boosted its holdings in Silicon Laboratories by 6.0% during the 4th quarter. Xact Kapitalforvaltning AB now owns 7,037 shares of the semiconductor company’s stock valued at $555,000 after acquiring an additional 400 shares during the period. Institutional investors own 92.66% of the company’s stock.

About Silicon Laboratories

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, including 8-bit mixed-signal, 32-bit wireless, and ultra-low-power 32-bit microcontrollers; wireless connectivity devices, such as multiprotocol wireless Gecko system-on-chip devices; real-time operating systems; sensor products comprising optical, relative humidity/temperature, and hall effect magnetic sensors.

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