$0.47 EPS Expected for Silicon Laboratories (SLAB) This Quarter

Analysts expect Silicon Laboratories (NASDAQ:SLAB) to post earnings of $0.47 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Silicon Laboratories’ earnings. The highest EPS estimate is $0.48 and the lowest is $0.46. Silicon Laboratories posted earnings of $0.87 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 46%. The firm is expected to announce its next quarterly earnings report on Wednesday, April 24th.

On average, analysts expect that Silicon Laboratories will report full-year earnings of $2.89 per share for the current financial year, with EPS estimates ranging from $2.77 to $3.01. For the next fiscal year, analysts forecast that the business will post earnings of $3.73 per share, with EPS estimates ranging from $3.44 to $4.08. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Silicon Laboratories.

Silicon Laboratories (NASDAQ:SLAB) last issued its quarterly earnings results on Wednesday, January 30th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.03). Silicon Laboratories had a net margin of 9.63% and a return on equity of 12.13%. The firm had revenue of $215.50 million for the quarter, compared to analyst estimates of $224.21 million. During the same period last year, the company earned $0.93 EPS. The company’s revenue was up 7.2% compared to the same quarter last year.

Several equities analysts have recently issued reports on SLAB shares. BidaskClub raised Silicon Laboratories from a “hold” rating to a “buy” rating in a research note on Saturday, January 12th. Zacks Investment Research raised Silicon Laboratories from a “hold” rating to a “buy” rating and set a $95.00 price target on the stock in a research note on Wednesday, January 16th. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 price target on shares of Silicon Laboratories in a research note on Thursday, January 24th. Benchmark cut their price target on Silicon Laboratories from $110.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, January 30th. Finally, Barclays reaffirmed a “hold” rating and set a $80.00 price target on shares of Silicon Laboratories in a research note on Thursday, January 31st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. Silicon Laboratories currently has an average rating of “Hold” and an average target price of $99.60.

Shares of SLAB traded up $2.78 during trading hours on Wednesday, hitting $85.22. 183,919 shares of the stock traded hands, compared to its average volume of 334,836. The company has a quick ratio of 5.19, a current ratio of 5.71 and a debt-to-equity ratio of 0.33. Silicon Laboratories has a 1-year low of $73.13 and a 1-year high of $110.70. The firm has a market capitalization of $3.61 billion, a PE ratio of 29.80, a price-to-earnings-growth ratio of 3.05 and a beta of 1.47.

In related news, Director William G. Bock sold 1,000 shares of the company’s stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $87.74, for a total value of $87,740.00. Following the completion of the sale, the director now owns 38,751 shares in the company, valued at $3,400,012.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. increased its holdings in Silicon Laboratories by 13.9% in the fourth quarter. Advisor Group Inc. now owns 1,345 shares of the semiconductor company’s stock valued at $106,000 after purchasing an additional 164 shares during the last quarter. Arizona State Retirement System increased its holdings in Silicon Laboratories by 0.6% in the fourth quarter. Arizona State Retirement System now owns 30,969 shares of the semiconductor company’s stock valued at $2,441,000 after purchasing an additional 188 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Silicon Laboratories by 9.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,923 shares of the semiconductor company’s stock valued at $230,000 after purchasing an additional 241 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in Silicon Laboratories by 1.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 17,230 shares of the semiconductor company’s stock valued at $1,358,000 after purchasing an additional 305 shares during the last quarter. Finally, Xact Kapitalforvaltning AB increased its holdings in Silicon Laboratories by 6.0% in the fourth quarter. Xact Kapitalforvaltning AB now owns 7,037 shares of the semiconductor company’s stock valued at $555,000 after purchasing an additional 400 shares during the last quarter. Institutional investors and hedge funds own 93.33% of the company’s stock.

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, including 8-bit mixed-signal, 32-bit wireless, and ultra-low-power 32-bit microcontrollers; wireless connectivity devices, such as 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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