Silicon Laboratories (SLAB) Projected to Post Quarterly Earnings on Tuesday

Silicon Laboratories (NASDAQ:SLAB - Get Free Report) is expected to announce its Q4 2024 earnings results before the market opens on Tuesday, February 4th. 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 Q1 2025 guidance at -0.190-0.010 EPS and its Q1 guidance at $(0.19)-0.01 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 announced its earnings results on Tuesday, February 4th. The semiconductor company reported ($0.11) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.11). The business 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 12.60% and a negative net margin of 46.93%. The company's revenue for the quarter was up 91.4% compared to the same quarter last year. During the same period in the previous year, the company earned ($1.19) earnings per share. 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 Price Performance

SLAB traded down $1.66 on Thursday, reaching $147.40. The company's stock had a trading volume of 600,955 shares, compared to its average volume of 365,890. Silicon Laboratories has a 1 year low of $94.00 and a 1 year high of $154.91. The business's 50 day moving average is $129.12 and its 200 day moving average is $116.96. The stock has a market cap of $4.78 billion, a price-to-earnings ratio of -19.92 and a beta of 1.16.

Analyst Ratings Changes

SLAB has been the topic of a number of recent research reports. JPMorgan Chase & Co. reduced their price target on shares of Silicon Laboratories from $150.00 to $135.00 and set an "overweight" rating on the stock in a research report on Tuesday, November 5th. Stifel Nicolaus lifted their target price on Silicon Laboratories from $135.00 to $145.00 and gave the company a "buy" rating in a research note on Monday, January 6th. Morgan Stanley lowered their target price on Silicon Laboratories from $123.00 to $97.00 and set an "equal weight" rating for the company in a report on Tuesday, November 5th. Barclays raised their price target on Silicon Laboratories from $75.00 to $120.00 and gave the stock an "equal weight" rating in a report on Friday, January 17th. Finally, Susquehanna started coverage on Silicon Laboratories in a research report on Tuesday, December 17th. They issued a "neutral" rating and a $130.00 target price on the stock. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $136.20.

Insider Transactions at Silicon Laboratories

In other news, Director William G. Bock sold 2,000 shares of Silicon Laboratories stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $140.77, for a total transaction of $281,540.00. Following the completion of the sale, the director now owns 32,115 shares in the company, valued at $4,520,828.55. The trade was a 5.86 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Navdeep S. Sooch sold 2,360 shares of the company's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $149.00, for a total transaction of $351,640.00. Following the sale, the director now owns 400,567 shares of the company's stock, valued at $59,684,483. The trade was a 0.59 % decrease in their position. The disclosure for this sale can be found here. Company 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.