Wall Street analysts forecast that Silicon Laboratories (NASDAQ:SLAB) will report earnings per share of $0.58 for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Silicon Laboratories’ earnings, with the highest EPS estimate coming in at $0.60 and the lowest estimate coming in at $0.58. Silicon Laboratories reported earnings per share of $0.86 in the same quarter last year, which would suggest a negative year-over-year growth rate of 32.6%. The business is scheduled to report its next earnings report on Wednesday, October 23rd.

On average, analysts expect that Silicon Laboratories will report full-year earnings of $2.07 per share for the current fiscal year, with EPS estimates ranging from $2.01 to $2.12. For the next fiscal year, analysts expect that the company will report earnings of $2.56 per share, with EPS estimates ranging from $2.35 to $2.99. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Silicon Laboratories.

Silicon Laboratories (NASDAQ:SLAB) last released its quarterly earnings data on Wednesday, July 24th. The semiconductor company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.03. Silicon Laboratories had a return on equity of 9.97% and a net margin of 3.84%. The company had revenue of $206.71 million for the quarter, compared to analyst estimates of $206.57 million. During the same period in the prior year, the company posted $0.92 EPS. The company’s revenue was down 4.8% compared to the same quarter last year.

SLAB has been the topic of several analyst reports. Roth Capital upped their price objective on Silicon Laboratories from $120.00 to $130.00 in a research note on Thursday, July 25th. Benchmark initiated coverage on Silicon Laboratories in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $120.00 price objective on the stock. BidaskClub lowered Silicon Laboratories from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Zacks Investment Research lowered Silicon Laboratories from a “buy” rating to a “hold” rating in a research note on Saturday, July 13th. Finally, Wells Fargo & Co initiated coverage on Silicon Laboratories in a research note on Tuesday, June 25th. They issued an “outperform” rating and a $125.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $109.70.

Shares of SLAB stock traded down $0.30 during trading hours on Tuesday, hitting $112.52. The company had a trading volume of 7,165 shares, compared to its average volume of 215,286. Silicon Laboratories has a 12 month low of $73.13 and a 12 month high of $115.29. The firm has a market capitalization of $4.96 billion, a price-to-earnings ratio of 39.35, a PEG ratio of 3.45 and a beta of 1.55. The firm’s fifty day moving average is $108.55 and its 200 day moving average is $98.19. The company has a debt-to-equity ratio of 0.34, a quick ratio of 5.91 and a current ratio of 6.47.

In other news, CFO John C. Hollister sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $110.00, for a total value of $1,100,000.00. Following the transaction, the chief financial officer now directly owns 69,423 shares of the company’s stock, valued at approximately $7,636,530. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William G. Bock sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $103.35, for a total value of $103,350.00. Following the completion of the transaction, the director now directly owns 38,791 shares in the company, valued at $4,009,049.85. The disclosure for this sale can be found here. Insiders sold a total of 12,000 shares of company stock worth $1,308,960 over the last three months. 2.10% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Stephens Investment Management Group LLC boosted its holdings in shares of Silicon Laboratories by 0.7% in the 2nd quarter. Stephens Investment Management Group LLC now owns 450,434 shares of the semiconductor company’s stock worth $46,575,000 after acquiring an additional 3,064 shares in the last quarter. Raymond James & Associates boosted its holdings in shares of Silicon Laboratories by 73.2% in the 1st quarter. Raymond James & Associates now owns 38,263 shares of the semiconductor company’s stock worth $3,094,000 after acquiring an additional 16,173 shares in the last quarter. Jennison Associates LLC acquired a new position in shares of Silicon Laboratories in the 1st quarter worth approximately $15,704,000. Aperio Group LLC boosted its holdings in shares of Silicon Laboratories by 53.4% in the 2nd quarter. Aperio Group LLC now owns 15,418 shares of the semiconductor company’s stock worth $1,594,000 after acquiring an additional 5,370 shares in the last quarter. Finally, Pacer Advisors Inc. acquired a new position in shares of Silicon Laboratories in the 2nd quarter worth approximately $1,802,000. 93.06% of the stock is currently owned by institutional investors and hedge funds.

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, including 8-bit mixed-signal, 32-bit wireless, and ultra-low-power 32-bit microcontrollers; wireless connectivity devices, such as multiprotocol wireless Gecko system-on-chip devices; real-time operating systems; sensor products comprising optical, relative humidity/temperature, and hall effect magnetic sensors.

Featured Article: How do CD ladders protect against rising interest rates?

Get a free copy of the Zacks research report on Silicon Laboratories (SLAB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Silicon Laboratories Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Silicon Laboratories and related companies with MarketBeat.com's FREE daily email newsletter.