Silicon Laboratories (NASDAQ:SLAB) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, October 24th. Analysts expect the company to announce earnings of $0.74 per share for the quarter. Silicon Laboratories has set its Q3 guidance at $0.95-1.01 EPS.

Silicon Laboratories (NASDAQ:SLAB) last posted its quarterly earnings results on Wednesday, July 25th. The semiconductor company reported $0.92 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.08. Silicon Laboratories had a return on equity of 11.90% and a net margin of 6.78%. The business had revenue of $217.10 million for the quarter, compared to analyst estimates of $214.24 million. During the same period last year, the company earned $0.79 EPS. The firm’s revenue was up 14.2% on a year-over-year basis. On average, analysts expect Silicon Laboratories to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

NASDAQ:SLAB opened at $82.62 on Monday. Silicon Laboratories has a 12-month low of $79.80 and a 12-month high of $110.70. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.95 and a current ratio of 5.58. The firm has a market capitalization of $3.58 billion, a PE ratio of 31.18, a P/E/G ratio of 1.98 and a beta of 1.50.

Several research firms have recently issued reports on SLAB. BidaskClub upgraded Silicon Laboratories from a “hold” rating to a “buy” rating in a research report on Tuesday, July 10th. Zacks Investment Research lowered Silicon Laboratories from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 27th. Loop Capital reduced their price target on Silicon Laboratories to $110.00 and set a “hold” rating on the stock in a research report on Thursday, July 26th. B. Riley raised their price target on Silicon Laboratories to $123.00 and gave the stock a “buy” rating in a research report on Wednesday, July 25th. Finally, ValuEngine lowered Silicon Laboratories from a “buy” rating to a “hold” rating in a research report on Thursday, September 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. Silicon Laboratories has a consensus rating of “Buy” and a consensus target price of $115.40.

In other Silicon Laboratories news, Director Sumit Sadana sold 5,500 shares of Silicon Laboratories stock in a transaction dated Monday, August 13th. The stock was sold at an average price of $95.56, for a total transaction of $525,580.00. Following the transaction, the director now directly owns 5,313 shares in the company, valued at $507,710.28. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Alessandro Piovaccari sold 1,404 shares of Silicon Laboratories stock in a transaction dated Monday, October 15th. The stock was sold at an average price of $80.72, for a total value of $113,330.88. Following the transaction, the senior vice president now owns 28,265 shares in the company, valued at $2,281,550.80. The disclosure for this sale can be found here. Insiders sold a total of 10,916 shares of company stock worth $1,015,797 over the last 90 days. 1.96% of the stock is owned by corporate insiders.

Silicon Laboratories Company Profile

Silicon Laboratories Inc, a fabless semiconductor company, designs, develops, and markets mixed-signal integrated circuits (ICs) in the United States, China, and internationally. The company offers Internet of things products, such as 8-bit mixed-signal, 32-bit wireless, and ultra-low-power 32-bit microcontrollers; wireless connectivity devices, including multiprotocol wireless Gecko system-on-chip devices; real-time operating systems; sensor products comprising optical, relative humidity/temperature, and hall effect magnetic sensors.

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Earnings History for Silicon Laboratories (NASDAQ:SLAB)

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