Silicon Laboratories (NASDAQ:SLAB) – Equities researchers at KeyCorp reduced their FY2018 EPS estimates for shares of Silicon Laboratories in a research note issued on Wednesday, October 24th. KeyCorp analyst J. Vinh now forecasts that the semiconductor company will post earnings of $2.78 per share for the year, down from their previous forecast of $2.82. KeyCorp also issued estimates for Silicon Laboratories’ Q4 2018 earnings at $0.71 EPS and Q1 2019 earnings at $0.61 EPS.

Silicon Laboratories (NASDAQ:SLAB) last posted its quarterly earnings data on Wednesday, October 24th. The semiconductor company reported $1.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.03. The business had revenue of $230.20 million for the quarter, compared to analysts’ expectations of $227.36 million. Silicon Laboratories had a return on equity of 12.48% and a net margin of 7.45%. The business’s revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.90 EPS.

Several other analysts have also recently weighed in on SLAB. BidaskClub raised Silicon Laboratories from a “hold” rating to a “buy” rating in a research report on Tuesday, July 10th. Needham & Company LLC dropped their price target on Silicon Laboratories from $115.00 to $110.00 and set a “buy” rating on the stock in a research report on Friday. Loop Capital dropped their price target on Silicon Laboratories to $110.00 and set a “hold” rating on the stock in a research report on Thursday, July 26th. B. Riley boosted their price target on Silicon Laboratories to $123.00 and gave the stock a “buy” rating in a research report on Wednesday, July 25th. Finally, MKM Partners dropped their price target on Silicon Laboratories to $85.00 and set a “neutral” rating on the stock in a research report on Friday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $105.27.

Silicon Laboratories stock opened at $78.88 on Monday. The company has a current ratio of 5.44, a quick ratio of 4.95 and a debt-to-equity ratio of 0.34. The company has a market cap of $3.40 billion, a price-to-earnings ratio of 33.57, a PEG ratio of 1.89 and a beta of 1.50. Silicon Laboratories has a fifty-two week low of $75.89 and a fifty-two week high of $110.70.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. First Hawaiian Bank purchased a new position in Silicon Laboratories in the 3rd quarter worth approximately $106,000. OLD National Bancorp IN purchased a new position in Silicon Laboratories in the 2nd quarter worth approximately $210,000. World Asset Management Inc purchased a new position in Silicon Laboratories in the 2nd quarter worth approximately $212,000. Wrapmanager Inc. purchased a new position in Silicon Laboratories in the 2nd quarter worth approximately $212,000. Finally, Verition Fund Management LLC purchased a new position in Silicon Laboratories in the 2nd quarter worth approximately $227,000. Institutional investors own 91.36% of the company’s stock.

In related news, Director William G. Bock sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $94.50, for a total value of $94,500.00. Following the completion of the transaction, the director now directly owns 40,751 shares in the company, valued at approximately $3,850,969.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Alessandro Piovaccari sold 1,607 shares of the business’s stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $94.50, for a total transaction of $151,861.50. Following the completion of the transaction, the senior vice president now owns 31,074 shares of the company’s stock, valued at $2,936,493. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,916 shares of company stock worth $1,015,797. Insiders own 1.96% of the company’s stock.

Silicon Laboratories Company Profile

Silicon Laboratories Inc, a fabless semiconductor company, designs, develops, and markets mixed-signal integrated circuits (ICs) in the United States, China, and internationally. The company offers Internet of things products, such as 8-bit mixed-signal, 32-bit wireless, and ultra-low-power 32-bit microcontrollers; wireless connectivity devices, including multiprotocol wireless Gecko system-on-chip devices; real-time operating systems; sensor products comprising optical, relative humidity/temperature, and hall effect magnetic sensors.

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