Silicon Laboratories Inc. (NASDAQ:SLAB) Expected to Announce Earnings of $0.93 Per Share

Equities analysts expect that Silicon Laboratories Inc. (NASDAQ:SLAB) will post $0.93 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Silicon Laboratories’ earnings. The lowest EPS estimate is $0.93 and the highest is $0.94. Silicon Laboratories posted earnings per share of $0.74 during the same quarter last year, which suggests a positive year over year growth rate of 25.7%. The business is expected to report its next quarterly earnings report before the market opens on Wednesday, July 28th.

On average, analysts expect that Silicon Laboratories will report full-year earnings of $3.88 per share for the current financial year, with EPS estimates ranging from $3.79 to $4.00. For the next year, analysts forecast that the company will report earnings of $4.33 per share, with EPS estimates ranging from $3.88 to $4.59. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that that provide coverage for Silicon Laboratories.

Silicon Laboratories (NASDAQ:SLAB) last announced its quarterly earnings results on Wednesday, April 28th. The semiconductor company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.29. Silicon Laboratories had a net margin of 2.57% and a return on equity of 8.14%. The firm had revenue of $255.50 million during the quarter, compared to analyst estimates of $242.11 million. During the same period in the previous year, the business posted $0.71 earnings per share. The business’s revenue for the quarter was up 18.8% on a year-over-year basis.

Several analysts recently issued reports on SLAB shares. Needham & Company LLC restated a “buy” rating on shares of Silicon Laboratories in a research report on Friday, April 23rd. Barclays lifted their price target on shares of Silicon Laboratories from $140.00 to $150.00 in a report on Friday, April 23rd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $155.00 price target on shares of Silicon Laboratories in a report on Wednesday, May 5th. Morgan Stanley lifted their price target on shares of Silicon Laboratories from $156.00 to $160.00 and gave the company an “equal weight” rating in a report on Thursday, April 29th. Finally, Zacks Investment Research downgraded shares of Silicon Laboratories from a “buy” rating to a “hold” rating in a report on Thursday, July 1st. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Silicon Laboratories currently has an average rating of “Hold” and an average target price of $164.92.

In other Silicon Laboratories news, Director Sumit Sadana purchased 1,000 shares of Silicon Laboratories stock in a transaction that occurred on Wednesday, May 26th. The shares were bought at an average price of $132.80 per share, for a total transaction of $132,800.00. Following the completion of the transaction, the director now owns 10,281 shares of the company’s stock, valued at approximately $1,365,316.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.12% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. increased its position in Silicon Laboratories by 0.9% in the first quarter. BlackRock Inc. now owns 5,911,010 shares of the semiconductor company’s stock worth $833,866,000 after purchasing an additional 49,919 shares during the last quarter. Federated Hermes Inc. increased its position in Silicon Laboratories by 3.9% during the first quarter. Federated Hermes Inc. now owns 788,210 shares of the semiconductor company’s stock valued at $111,193,000 after acquiring an additional 29,869 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in Silicon Laboratories by 3.6% during the first quarter. Massachusetts Financial Services Co. MA now owns 785,476 shares of the semiconductor company’s stock valued at $110,807,000 after acquiring an additional 27,262 shares during the last quarter. Geode Capital Management LLC increased its position in Silicon Laboratories by 8.7% during the first quarter. Geode Capital Management LLC now owns 770,696 shares of the semiconductor company’s stock valued at $108,722,000 after acquiring an additional 61,605 shares during the last quarter. Finally, Millennium Management LLC increased its position in Silicon Laboratories by 333.8% during the first quarter. Millennium Management LLC now owns 554,021 shares of the semiconductor company’s stock valued at $78,156,000 after acquiring an additional 426,321 shares during the last quarter. Institutional investors own 92.48% of the company’s stock.

NASDAQ SLAB traded down $3.65 during trading hours on Thursday, hitting $144.01. 15,723 shares of the company’s stock traded hands, compared to its average volume of 248,978. The stock has a fifty day simple moving average of $140.26. The company has a debt-to-equity ratio of 0.36, a current ratio of 5.71 and a quick ratio of 5.18. The firm has a market capitalization of $6.44 billion, a price-to-earnings ratio of 283.97, a P/E/G ratio of 8.12 and a beta of 0.99. Silicon Laboratories has a 52 week low of $92.19 and a 52 week high of $163.43.

Silicon Laboratories Company Profile

Silicon Laboratories, Inc designs and develops analog-intensive and mixed-signal integrated circuits. The firm offers microcontrollers, wireless, sensors, USB bridges, analog, clocks and oscillators, isolators, power, audio and radio, modems and TV and video product categories. It provides solutions for automotive, communications, data centers, healthcare & fitness, home automation & entertainment, industrial automation & power and retail industries.

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