Silicon Laboratories (NASDAQ:SLAB) Releases Q4 2024 Earnings Guidance

Silicon Laboratories (NASDAQ:SLAB) updated its fourth quarter 2024 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of -0.210–0.010 for the period, compared to the consensus estimate of 0.090. The company issued revenue guidance of $161.0 million-$171.0 million, compared to the consensus revenue estimate of $186.9 million. Silicon Laboratories also updated its Q4 guidance to ($0.21)-($0.01) EPS.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SLAB. JPMorgan Chase & Co. cut their price target on Silicon Laboratories from $150.00 to $135.00 and set an “overweight” rating for the company in a research note on Tuesday. KeyCorp cut their price target on Silicon Laboratories from $150.00 to $115.00 and set an “overweight” rating for the company in a research note on Tuesday. Needham & Company LLC reaffirmed a “buy” rating and set a $150.00 price target on shares of Silicon Laboratories in a research note on Thursday, July 25th. Benchmark reissued a “hold” rating on shares of Silicon Laboratories in a research note on Tuesday. Finally, Barclays cut their price objective on Silicon Laboratories from $120.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Tuesday. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $125.00.

Silicon Laboratories Stock Performance

Shares of NASDAQ:SLAB traded up $4.27 during trading on Tuesday, hitting $109.01. 438,566 shares of the stock were exchanged, compared to its average volume of 295,344. Silicon Laboratories has a 1-year low of $90.65 and a 1-year high of $154.91. The company has a market capitalization of $3.52 billion, a price-to-earnings ratio of -17.58 and a beta of 1.20. The company’s fifty day simple moving average is $112.56 and its 200-day simple moving average is $115.56.

Silicon Laboratories (NASDAQ:SLAB) last announced its quarterly earnings data on Monday, November 4th. The semiconductor company reported ($0.13) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.07. Silicon Laboratories had a negative return on equity of 9.13% and a negative net margin of 36.53%. The company had revenue of $166.00 million for the quarter, compared to analyst estimates of $165.50 million. During the same quarter last year, the firm earned $0.48 EPS. Silicon Laboratories’s revenue for the quarter was down 18.5% compared to the same quarter last year. On average, research analysts forecast that Silicon Laboratories will post -3.41 earnings per share for the current fiscal year.

Insider Transactions at Silicon Laboratories

In related news, SVP Brandon Tolany sold 845 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $115.00, for a total value of $97,175.00. Following the sale, the senior vice president now owns 43,615 shares of the company’s stock, valued at $5,015,725. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.72% of the stock is owned by insiders.

Silicon Laboratories Company Profile

Silicon Laboratories Inc, a fabless semiconductor company, provides various analog-intensive mixed-signal solutions in the United States, China, Taiwan, and internationally. The company's products include wireless microcontrollers and sensor products. Its products are used in various electronic products in a range of applications for the industrial Internet of Things (IoT), including industrial automation and control, smart buildings, access control, HVAC control, and industrial wearables and power tools; smart cities applications, such as smart metering, smart street lighting, renewable energy, electric vehicle supply equipment, and smart agriculture; commercial IoT applications, including smart lighting, asset tracking, electronic shelf labels, theft protection, and enterprise access points; smart home applications, comprising home automation/security systems, smart speakers, smart lighting, HVAC control, smart cameras, smart appliances, smart home sensing, smart locks, and window/blind controls; and connected health applications, including diabetes management, consumer health and fitness, elderly care, patient monitoring, and activity tracking; as well as in commercial building automation, consumer electronics, and medical instrumentation.