Silicon Laboratories (NASDAQ:SLAB – Get Free Report) issued its quarterly earnings data on Tuesday. The semiconductor company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.85 by $0.20, FiscalAI reports. The company had revenue of $250.89 million during the quarter, compared to analyst estimates of $242.00 million. Silicon Laboratories had a positive return on equity of 1.52% and a negative net margin of 2.26%. Silicon Laboratories’s revenue was up 21.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.32 earnings per share.
Silicon Laboratories Stock Performance
Shares of Silicon Laboratories stock opened at $221.61 on Thursday. The firm has a market capitalization of $7.39 billion, a PE ratio of -357.44 and a beta of 1.20. The business’s 50-day moving average price is $221.26 and its 200-day moving average price is $213.14. Silicon Laboratories has a 12 month low of $115.50 and a 12 month high of $223.50.
Wall Street Analysts Forecast Growth
SLAB has been the topic of a number of research analyst reports. Zacks Research raised shares of Silicon Laboratories from a “strong sell” rating to a “hold” rating in a report on Monday, October 12th. Wall Street Zen raised shares of Silicon Laboratories to a “hold” rating in a report on Saturday, October 10th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Silicon Laboratories in a research report on Monday, September 21st. Six investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $218.00.
Check Out Our Latest Research Report on SLAB
About Silicon Laboratories
Silicon Laboratories (NASDAQ: SLAB), also known as Silicon Labs, is a fabless semiconductor company headquartered in Austin, Texas. Founded in 1996, the company focuses on wireless connectivity and embedded technologies for the Internet of Things (IoT). Its products include wireless system-on-chips, microcontrollers, modules, software and development tools. These solutions support technologies such as Bluetooth, Wi-Fi, Zigbee, Thread and Matter, helping devices communicate and operate in applications across smart homes, commercial buildings and industrial settings.
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