Analysts Expect Silicon Laboratories Inc. (NASDAQ:SLAB) Will Post Quarterly Sales of $250.19 Million

Equities research analysts expect Silicon Laboratories Inc. (NASDAQ:SLABGet Rating) to post $250.19 million in sales for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Silicon Laboratories’ earnings. The highest sales estimate is $250.57 million and the lowest is $250.00 million. Silicon Laboratories posted sales of $169.49 million during the same quarter last year, which would indicate a positive year over year growth rate of 47.6%. The company is expected to issue its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Silicon Laboratories will report full-year sales of $1.02 billion for the current year, with estimates ranging from $999.47 million to $1.04 billion. For the next fiscal year, analysts anticipate that the business will report sales of $1.18 billion, with estimates ranging from $1.11 billion to $1.23 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Silicon Laboratories.

Silicon Laboratories (NASDAQ:SLABGet Rating) last issued its quarterly earnings results on Wednesday, April 27th. The semiconductor company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.34. The firm had revenue of $233.80 million during the quarter, compared to analysts’ expectations of $226.22 million. Silicon Laboratories had a net margin of 266.91% and a return on equity of 4.08%. Silicon Laboratories’s quarterly revenue was up 48.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.65 EPS.

A number of brokerages recently weighed in on SLAB. Morgan Stanley decreased their price target on shares of Silicon Laboratories from $208.00 to $156.00 and set an “equal weight” rating for the company in a research note on Monday, April 25th. Zacks Investment Research cut shares of Silicon Laboratories from a “buy” rating to a “hold” rating in a research note on Wednesday, April 6th. Needham & Company LLC raised their target price on shares of Silicon Laboratories from $210.00 to $230.00 and gave the stock a “buy” rating in a research note on Monday, March 7th. Cowen reduced their target price on shares of Silicon Laboratories from $205.00 to $180.00 in a research note on Thursday, April 28th. Finally, StockNews.com initiated coverage on shares of Silicon Laboratories in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Silicon Laboratories has a consensus rating of “Hold” and an average price target of $189.00.

In other Silicon Laboratories news, Director Nina Richardson sold 473 shares of the firm’s stock in a transaction dated Friday, April 22nd. The shares were sold at an average price of $129.60, for a total transaction of $61,300.80. Following the completion of the transaction, the director now directly owns 8,171 shares in the company, valued at approximately $1,058,961.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William G. Bock sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, February 15th. The shares were sold at an average price of $155.31, for a total transaction of $155,310.00. The disclosure for this sale can be found here. Insiders sold a total of 2,459 shares of company stock valued at $372,379 in the last quarter. Insiders own 1.61% of the company’s stock.

A number of large investors have recently bought and sold shares of SLAB. Alliancebernstein L.P. boosted its stake in shares of Silicon Laboratories by 40.9% during the 4th quarter. Alliancebernstein L.P. now owns 891,278 shares of the semiconductor company’s stock worth $183,978,000 after purchasing an additional 258,534 shares during the last quarter. GW&K Investment Management LLC boosted its stake in shares of Silicon Laboratories by 5.6% during the 1st quarter. GW&K Investment Management LLC now owns 786,539 shares of the semiconductor company’s stock worth $118,138,000 after purchasing an additional 41,516 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Silicon Laboratories by 3.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 562,433 shares of the semiconductor company’s stock worth $116,099,000 after purchasing an additional 18,437 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Silicon Laboratories by 1.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 516,660 shares of the semiconductor company’s stock worth $77,605,000 after purchasing an additional 7,766 shares during the last quarter. Finally, Macquarie Group Ltd. boosted its stake in shares of Silicon Laboratories by 3.7% during the 3rd quarter. Macquarie Group Ltd. now owns 496,168 shares of the semiconductor company’s stock worth $69,543,000 after purchasing an additional 17,661 shares during the last quarter. Hedge funds and other institutional investors own 99.40% of the company’s stock.

NASDAQ:SLAB traded up $6.17 during trading hours on Wednesday, reaching $143.62. 332,335 shares of the company’s stock were exchanged, compared to its average volume of 411,285. The firm has a market capitalization of $5.25 billion, a price-to-earnings ratio of 3.01 and a beta of 1.23. The company has a 50-day moving average of $141.23 and a 200 day moving average of $168.33. The company has a quick ratio of 8.40, a current ratio of 8.62 and a debt-to-equity ratio of 0.26. Silicon Laboratories has a 1-year low of $120.15 and a 1-year high of $211.98.

About Silicon Laboratories (Get Rating)

Silicon Laboratories Inc, a fabless semiconductor company, provides mixed-signal integrated circuits (ICs) in the United States, China, and internationally. The company offers microcontrollers and wireless products, including 8-bit mixed-signal and ultra-low-power 32-bit microcontrollers (MCU); wireless MCU connectivity solutions; single and multi-protocol system-on-chip (SoC) devices and modules; wireless protocols, MCUs, and SoCs; in-house protocol stacks; Micrium, a real-time operating system that helps simplify software development for IoT developers.It also provides sensor products comprising optical, relative humidity/temperature, and hall effect magnetic sensors; timing devices; multi-channel isolators, isolated drivers, isolated power converters, and mixed-signal devices; broadcast products, which include single-chip hybrid TV tuners and digital video demodulators, as well as AM/FM, HD radio, and DAB/DAB+ receivers; and hybrid software defined radio tuners, data receivers, and digital radio coprocessors.

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