Zacks: Analysts Expect Silicon Laboratories (SLAB) Will Announce Earnings of $0.75 Per Share

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Equities research analysts predict that Silicon Laboratories (NASDAQ:SLAB) will announce $0.75 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Silicon Laboratories’ earnings. The lowest EPS estimate is $0.74 and the highest is $0.75. Silicon Laboratories reported earnings of $0.92 per share in the same quarter last year, which suggests a negative year over year growth rate of 18.5%. The business is expected to report its next earnings results on Wednesday, July 24th.

On average, analysts expect that Silicon Laboratories will report full-year earnings of $3.08 per share for the current year, with EPS estimates ranging from $3.00 to $3.20. For the next fiscal year, analysts anticipate that the business will post earnings of $3.71 per share, with EPS estimates ranging from $3.24 to $4.15. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow Silicon Laboratories.

Silicon Laboratories (NASDAQ:SLAB) last posted its earnings results on Wednesday, April 24th. The semiconductor company reported $0.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.12. Silicon Laboratories had a net margin of 7.35% and a return on equity of 10.74%. The firm had revenue of $188.11 million for the quarter, compared to analysts’ expectations of $188.02 million. During the same quarter last year, the firm earned $0.87 EPS. The company’s quarterly revenue was down 8.4% compared to the same quarter last year.

Several research firms have commented on SLAB. BidaskClub cut shares of Silicon Laboratories from a “hold” rating to a “sell” rating in a research report on Wednesday, March 27th. Zacks Investment Research cut shares of Silicon Laboratories from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Needham & Company LLC reissued a “hold” rating on shares of Silicon Laboratories in a research report on Thursday, April 25th. Roth Capital dropped their target price on shares of Silicon Laboratories from $100.00 to $95.00 and set a “buy” rating on the stock in a research report on Thursday, January 31st. Finally, MKM Partners lifted their target price on shares of Silicon Laboratories to $105.00 in a research report on Thursday, April 25th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Silicon Laboratories has an average rating of “Hold” and a consensus target price of $105.70.

In related news, Director Nina Richardson sold 913 shares of Silicon Laboratories stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $91.41, for a total value of $83,457.33. Following the sale, the director now owns 6,885 shares of the company’s stock, valued at approximately $629,357.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jack R. Lazar sold 750 shares of Silicon Laboratories stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $109.75, for a total transaction of $82,312.50. Following the completion of the sale, the director now directly owns 14,391 shares in the company, valued at approximately $1,579,412.25. The disclosure for this sale can be found here. Insiders own 2.10% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. NumerixS Investment Technologies Inc purchased a new position in Silicon Laboratories in the 4th quarter valued at approximately $71,000. Quadrant Capital Group LLC grew its stake in Silicon Laboratories by 866.0% in the 1st quarter. Quadrant Capital Group LLC now owns 995 shares of the semiconductor company’s stock valued at $79,000 after buying an additional 892 shares in the last quarter. Advisor Group Inc. grew its stake in Silicon Laboratories by 13.9% in the 4th quarter. Advisor Group Inc. now owns 1,345 shares of the semiconductor company’s stock valued at $106,000 after buying an additional 164 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in Silicon Laboratories in the 1st quarter valued at approximately $161,000. Finally, Stephens Inc. AR grew its stake in Silicon Laboratories by 47.9% in the 4th quarter. Stephens Inc. AR now owns 2,015 shares of the semiconductor company’s stock valued at $159,000 after buying an additional 653 shares in the last quarter. Institutional investors and hedge funds own 93.85% of the company’s stock.

Shares of Silicon Laboratories stock traded down $0.58 during mid-day trading on Friday, hitting $92.99. 175,349 shares of the stock were exchanged, compared to its average volume of 336,431. Silicon Laboratories has a 12 month low of $73.13 and a 12 month high of $110.70. The company has a quick ratio of 5.52, a current ratio of 6.04 and a debt-to-equity ratio of 0.34. The stock has a market cap of $4.03 billion, a P/E ratio of 32.51, a P/E/G ratio of 3.12 and a beta of 1.60.

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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