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

Silicon Laboratories (NASDAQ:SLAB - Get Free Report) is anticipated to issue its quarterly earnings data before the market opens on Wednesday, April 23rd. Analysts expect the company to announce earnings of ($0.09) per share and revenue of $177.48 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.

Silicon Laboratories (NASDAQ:SLAB - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported ($0.11) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.11). Silicon Laboratories had a negative return on equity of 10.46% and a negative net margin of 32.69%. The company had revenue of $166.25 million for the quarter, compared to analyst estimates of $166.09 million. During the same quarter last year, the company earned ($1.19) EPS. Silicon Laboratories's revenue for the quarter was up 91.4% compared to the same quarter last year. On average, analysts expect Silicon Laboratories to post $-1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Silicon Laboratories Price Performance

Shares of Silicon Laboratories stock traded up $0.50 on Friday, reaching $90.50. 545,330 shares of the company were exchanged, compared to its average volume of 332,119. The stock's 50 day moving average price is $121.99 and its 200-day moving average price is $121.56. The company has a market cap of $2.94 billion, a P/E ratio of -15.24 and a beta of 1.33. Silicon Laboratories has a 1-year low of $82.82 and a 1-year high of $160.00.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SLAB. Benchmark reaffirmed a "buy" rating and set a $160.00 price objective on shares of Silicon Laboratories in a research report on Wednesday, March 12th. KeyCorp boosted their target price on Silicon Laboratories from $115.00 to $160.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 22nd. Stifel Nicolaus cut their price objective on shares of Silicon Laboratories from $145.00 to $120.00 and set a "buy" rating on the stock in a report on Thursday. StockNews.com lowered shares of Silicon Laboratories from a "hold" rating to a "sell" rating in a research note on Thursday, March 27th. Finally, Barclays raised their price objective on Silicon Laboratories from $75.00 to $120.00 and gave the stock an "equal weight" rating in a report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, Silicon Laboratories currently has an average rating of "Hold" and a consensus target price of $133.70.

Insider Buying and Selling

In other Silicon Laboratories news, Director William G. Bock sold 1,000 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $149.43, for a total transaction of $149,430.00. Following the completion of the transaction, the director now directly owns 31,115 shares in the company, valued at approximately $4,649,514.45. This trade represents a 3.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Navdeep S. Sooch sold 2,360 shares of the company's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $149.00, for a total transaction of $351,640.00. Following the completion of the sale, the director now directly owns 400,567 shares in the company, valued at $59,684,483. This trade represents a 0.59 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,360 shares of company stock valued at $782,610. Corporate insiders own 1.60% 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.