Silicon Laboratories (SLAB) to Release Earnings on Wednesday

Silicon Laboratories (NASDAQ:SLAB) is expected to be releasing its earnings data before the market opens on Wednesday, February 5th. Analysts expect Silicon Laboratories to post earnings of ($0.11) per share and revenue of $166.09 million for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Silicon Laboratories (NASDAQ:SLAB) last posted its earnings results on Monday, November 4th. The semiconductor company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.07. Silicon Laboratories had a negative net margin of 46.93% and a negative return on equity of 12.60%. The firm had revenue of $166.00 million for the quarter, compared to analysts’ expectations of $165.50 million. During the same quarter last year, the firm earned $0.48 EPS. The company’s quarterly revenue was down 18.5% compared to the same quarter last year. On average, analysts expect Silicon Laboratories to post $-4 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Silicon Laboratories Stock Down 0.1 %

Silicon Laboratories stock opened at $135.59 on Monday. Silicon Laboratories has a 52 week low of $94.00 and a 52 week high of $154.91. The company’s 50 day moving average price is $126.51 and its two-hundred day moving average price is $116.18. The stock has a market cap of $4.40 billion, a P/E ratio of -18.32 and a beta of 1.17.

Analysts Set New Price Targets

A number of equities research analysts recently commented on SLAB shares. Stifel Nicolaus lifted their price target on shares of Silicon Laboratories from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, January 6th. StockNews.com raised shares of Silicon Laboratories to a “sell” rating in a report on Friday, November 8th. KeyCorp lifted their price target on shares of Silicon Laboratories from $115.00 to $160.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Morgan Stanley lowered their price target on shares of Silicon Laboratories from $123.00 to $97.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. dropped their target price on Silicon Laboratories from $150.00 to $135.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $133.56.

Insiders Place Their Bets

In related news, Director William G. Bock sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $140.77, for a total value of $281,540.00. Following the transaction, the director now directly owns 32,115 shares in the company, valued at approximately $4,520,828.55. This represents a 5.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.72% of the company’s stock.

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.