Silicon Laboratories (NASDAQ:SLAB) Issues Earnings Results

Silicon Laboratories (NASDAQ:SLAB - Get Free Report) issued its earnings results on Tuesday. The semiconductor company reported ($0.11) earnings per share for the quarter, meeting the consensus estimate of ($0.11), RTT News reports. The company had revenue of $166.25 million during the quarter, compared to analysts' expectations of $166.09 million. Silicon Laboratories had a negative return on equity of 10.46% and a negative net margin of 32.69%. Silicon Laboratories's quarterly revenue was up 91.4% compared to the same quarter last year. During the same period in the prior year, the business posted ($1.19) EPS. Silicon Laboratories updated its Q1 2025 guidance to -0.190-0.010 EPS and its Q1 guidance to $(0.19)-0.01 EPS.

Silicon Laboratories Stock Performance

Shares of Silicon Laboratories stock traded down $4.74 during trading on Friday, hitting $142.66. The company's stock had a trading volume of 418,568 shares, compared to its average volume of 374,538. The company has a fifty day simple moving average of $129.76 and a two-hundred day simple moving average of $117.14. Silicon Laboratories has a 52 week low of $94.00 and a 52 week high of $154.91. The company has a market capitalization of $4.63 billion, a PE ratio of -24.02 and a beta of 1.16.

Analyst Ratings Changes

A number of analysts have recently weighed in on SLAB shares. JPMorgan Chase & Co. dropped their price objective on Silicon Laboratories from $150.00 to $135.00 and set an "overweight" rating for the company in a research note on Tuesday, November 5th. Stifel Nicolaus raised 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. Benchmark upgraded shares of Silicon Laboratories from a "hold" rating to a "buy" rating and set a $160.00 target price for the company in a report on Wednesday. Morgan Stanley reduced their price target on 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, Barclays lifted their price objective on Silicon Laboratories from $75.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Friday, January 17th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $136.20.

Insiders Place Their Bets

In other news, Director Navdeep S. Sooch sold 2,360 shares of the company's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $149.00, for a total transaction of $351,640.00. Following the transaction, the director now directly owns 400,567 shares of the company's stock, valued at $59,684,483. This represents a 0.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director William G. Bock sold 2,000 shares of the business's stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $140.77, for a total value of $281,540.00. Following the completion of the transaction, the director now directly owns 32,115 shares of the company's stock, valued at approximately $4,520,828.55. This trade represents a 5.86 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.72% of the company's stock.

About Silicon Laboratories

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.