Silicon Laboratories (NASDAQ:SLAB) Issues Earnings Results

Silicon Laboratories (NASDAQ:SLAB - Get Free Report) issued its quarterly earnings data on Tuesday. The semiconductor company reported ($0.11) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.11), RTT News reports. The company had revenue of $166.25 million for the quarter, compared to analyst estimates of $166.09 million. Silicon Laboratories had a negative return on equity of 10.46% and a negative net margin of 32.69%. The business's quarterly revenue was up 91.4% compared to the same quarter last year. During the same quarter last year, the company posted ($1.19) earnings per share. 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 Down 3.2 %

Shares of SLAB traded down $4.74 during mid-day trading on Friday, reaching $142.66. 418,568 shares of the company's stock were exchanged, compared to its average volume of 374,538. Silicon Laboratories has a 52-week low of $94.00 and a 52-week high of $154.91. The company has a market cap of $4.63 billion, a price-to-earnings ratio of -24.02 and a beta of 1.16. The company has a 50-day simple moving average of $129.76 and a two-hundred day simple moving average of $117.14.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on SLAB shares. Morgan Stanley lowered their target price on shares of Silicon Laboratories from $123.00 to $97.00 and set an "equal weight" rating on the stock in a research report on Tuesday, November 5th. Needham & Company LLC increased their target price on shares of Silicon Laboratories from $140.00 to $150.00 and gave the stock a "buy" rating in a research note on Wednesday. Benchmark raised Silicon Laboratories from a "hold" rating to a "buy" rating and set a $160.00 price objective for the company in a research note on Wednesday. Stifel Nicolaus upped their price target on Silicon Laboratories from $135.00 to $145.00 and gave the stock a "buy" rating in a research note on Monday, January 6th. Finally, Susquehanna began coverage on shares of Silicon Laboratories in a report on Tuesday, December 17th. They issued a "neutral" rating and a $130.00 target price on the stock. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Silicon Laboratories presently has a consensus rating of "Moderate Buy" and a consensus price target of $136.20.

Insider Buying and Selling at Silicon Laboratories

In related news, Director William G. Bock sold 2,000 shares of the stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $140.77, for a total transaction 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 filing with the SEC, which can be accessed through this hyperlink. Also, Director Navdeep S. Sooch sold 2,360 shares of the company's stock in a transaction that occurred 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 trade represents a 0.59 % decrease in their position. The disclosure for this sale can be found here. 1.72% of the stock is owned by insiders.

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.