Wall Street analysts expect Silicon Laboratories (NASDAQ:SLAB) to report $207.01 million in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Silicon Laboratories’ earnings. The lowest sales estimate is $207.00 million and the highest is $207.04 million. Silicon Laboratories reported sales of $217.11 million during the same quarter last year, which indicates a negative year-over-year growth rate of 4.7%. The firm is expected to issue its next earnings results on Wednesday, July 24th.
According to Zacks, analysts expect that Silicon Laboratories will report full year sales of $845.18 million for the current year, with estimates ranging from $843.82 million to $846.70 million. For the next financial year, analysts anticipate that the company will report sales of $932.50 million, with estimates ranging from $908.91 million to $950.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Silicon Laboratories.
Silicon Laboratories (NASDAQ:SLAB) last released its quarterly earnings results on Wednesday, April 24th. The semiconductor company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.12. Silicon Laboratories had a net margin of 7.35% and a return on equity of 10.74%. The company had revenue of $188.11 million for the quarter, compared to analyst estimates of $188.02 million. During the same period last year, the firm earned $0.87 earnings per share. The firm’s revenue was down 8.4% on a year-over-year basis.
SLAB opened at $92.16 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 5.52 and a current ratio of 6.04. Silicon Laboratories has a fifty-two week low of $73.13 and a fifty-two week high of $110.70. The stock has a market cap of $3.99 billion, a P/E ratio of 32.22, a PEG ratio of 3.12 and a beta of 1.60.
In other news, Director Jack R. Lazar sold 750 shares of Silicon Laboratories stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $109.75, for a total value of $82,312.50. Following the completion of the transaction, the director now owns 14,391 shares in the company, valued at $1,579,412.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Nina Richardson sold 913 shares of Silicon Laboratories stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $91.41, for a total transaction of $83,457.33. Following the completion of the transaction, the director now owns 6,885 shares of the company’s stock, valued at approximately $629,357.85. The disclosure for this sale can be found here. 2.10% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently bought and sold shares of SLAB. Vanguard Group Inc grew its stake in Silicon Laboratories by 2.3% during the third quarter. Vanguard Group Inc now owns 3,995,961 shares of the semiconductor company’s stock valued at $366,828,000 after acquiring an additional 90,944 shares in the last quarter. Virtu Financial LLC grew its stake in Silicon Laboratories by 16.2% during the fourth quarter. Virtu Financial LLC now owns 3,046 shares of the semiconductor company’s stock valued at $240,000 after acquiring an additional 424 shares in the last quarter. Oakbrook Investments LLC purchased a new position in Silicon Laboratories during the fourth quarter valued at approximately $213,000. Strs Ohio grew its stake in Silicon Laboratories by 12.5% during the fourth quarter. Strs Ohio now owns 5,400 shares of the semiconductor company’s stock valued at $425,000 after acquiring an additional 600 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Silicon Laboratories by 9.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,923 shares of the semiconductor company’s stock valued at $230,000 after acquiring an additional 241 shares in the last quarter. Hedge funds and other institutional investors own 94.03% of the company’s stock.
About Silicon Laboratories
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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