Brokerages forecast that Silicon Laboratories (NASDAQ:SLAB) will report sales of $224.33 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Silicon Laboratories’ earnings. The lowest sales estimate is $224.00 million and the highest is $225.64 million. Silicon Laboratories posted sales of $201.02 million in the same quarter last year, which suggests a positive year over year growth rate of 11.6%. The firm is expected to report its next quarterly earnings results on Wednesday, January 30th.

On average, analysts expect that Silicon Laboratories will report full year sales of $877.05 million for the current year, with estimates ranging from $876.70 million to $878.37 million. For the next fiscal year, analysts forecast that the business will report sales of $932.62 million, with estimates ranging from $924.70 million to $944.30 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Silicon Laboratories.

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

Several equities research analysts recently issued reports on the company. Zacks Investment Research downgraded Silicon Laboratories from a “buy” rating to a “hold” rating in a report on Tuesday, August 14th. BidaskClub raised Silicon Laboratories from a “sell” rating to a “hold” rating in a research note on Tuesday. ValuEngine cut Silicon Laboratories from a “buy” rating to a “hold” rating in a research note on Thursday, September 27th. B. Riley boosted their target price on Silicon Laboratories to $123.00 and gave the stock a “buy” rating in a research note on Wednesday, July 25th. Finally, William Blair initiated coverage on Silicon Laboratories in a research note on Thursday, October 25th. They set a “market perform” rating for the company. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Silicon Laboratories currently has a consensus rating of “Buy” and an average target price of $105.27.

SLAB stock opened at $83.20 on Friday. The company has a current ratio of 5.44, a quick ratio of 4.91 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $3.58 billion, a P/E ratio of 29.10, a PEG ratio of 1.99 and a beta of 1.60. Silicon Laboratories has a 12-month low of $75.89 and a 12-month high of $110.70.

In other news, SVP Alessandro Piovaccari sold 1,405 shares of the company’s stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $92.90, for a total transaction of $130,524.50. Following the completion of the transaction, the senior vice president now directly owns 29,669 shares of the company’s stock, valued at approximately $2,756,250.10. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director William G. Bock sold 1,000 shares of the company’s stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $82.75, for a total value of $82,750.00. Following the transaction, the director now directly owns 39,751 shares of the company’s stock, valued at $3,289,395.25. The disclosure for this sale can be found here. Insiders have sold a total of 4,931 shares of company stock valued at $418,026 over the last three months. 1.96% of the stock is currently owned by insiders.

Several large investors have recently added to or reduced their stakes in SLAB. LPL Financial LLC acquired a new position in shares of Silicon Laboratories during the 1st quarter worth about $269,000. Principal Financial Group Inc. boosted its position in shares of Silicon Laboratories by 3.9% during the 1st quarter. Principal Financial Group Inc. now owns 202,945 shares of the semiconductor company’s stock worth $18,245,000 after acquiring an additional 7,596 shares in the last quarter. Bank of Montreal Can acquired a new position in shares of Silicon Laboratories during the 2nd quarter worth about $1,873,000. Retirement Systems of Alabama boosted its position in shares of Silicon Laboratories by 0.7% during the 2nd quarter. Retirement Systems of Alabama now owns 110,104 shares of the semiconductor company’s stock worth $10,966,000 after acquiring an additional 743 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in shares of Silicon Laboratories by 4.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 11,700 shares of the semiconductor company’s stock worth $1,165,000 after acquiring an additional 500 shares in the last quarter. 92.23% of the stock is owned by institutional investors and hedge funds.

About Silicon Laboratories

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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Earnings History and Estimates for Silicon Laboratories (NASDAQ:SLAB)

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