Silicon Laboratories (SLAB) Projected to Post Earnings on Wednesday

Silicon Laboratories (NASDAQ:SLAB - Get Free Report) will likely be announcing its earnings results before the market opens on Wednesday, February 5th. Analysts expect the company to announce earnings of ($0.11) per share and revenue of $166.09 million for the quarter. Silicon Laboratories has set its Q4 guidance at ($0.21)-($0.01) EPS and its Q4 2024 guidance at -0.210--0.010 EPS.Parties interested in listening to the company's conference call can do so using this link.

Silicon Laboratories (NASDAQ:SLAB - Get Free Report) last released its earnings results on Monday, November 4th. The semiconductor company reported ($0.13) EPS for the quarter, beating analysts' consensus estimates of ($0.20) by $0.07. Silicon Laboratories had a negative return on equity of 12.60% and a negative net margin of 46.93%. The firm had revenue of $166.00 million for the quarter, compared to analysts' expectations of $165.50 million. During the same quarter in the prior year, the firm posted $0.48 earnings per share. The company's quarterly revenue was down 18.5% on a year-over-year basis. On average, analysts expect Silicon Laboratories to post $-4 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Silicon Laboratories Trading Down 0.1 %

Shares of SLAB traded down $0.11 during trading hours on Friday, reaching $135.59. 381,113 shares of the company traded hands, compared to its average volume of 264,037. The firm has a market cap of $4.40 billion, a price-to-earnings ratio of -18.32 and a beta of 1.17. Silicon Laboratories has a 12-month low of $94.00 and a 12-month high of $154.91. The stock's fifty day moving average price is $126.51 and its 200 day moving average price is $116.21.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on SLAB shares. Stifel Nicolaus boosted their price target on Silicon Laboratories from $135.00 to $145.00 and gave the company a "buy" rating in a report on Monday, January 6th. Barclays raised 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. KeyCorp boosted their target price on shares of Silicon Laboratories from $115.00 to $160.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 22nd. Morgan Stanley reduced their price objective on Silicon Laboratories from $123.00 to $97.00 and set an "equal weight" rating for the company in a research note on Tuesday, November 5th. Finally, Benchmark restated a "hold" rating on shares of Silicon Laboratories in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $133.56.

Insider Buying and Selling at Silicon Laboratories

In other news, Director William G. Bock sold 2,000 shares of the stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $140.77, for a total value of $281,540.00. Following the completion of the sale, the director now directly owns 32,115 shares in the company, valued at $4,520,828.55. This represents a 5.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.72% of the company's stock.

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.