Silicon Laboratories (SLAB) Set to Announce Earnings on Wednesday

Silicon Laboratories (NASDAQ:SLAB – Get Rating) will post its quarterly earnings results before the market opens on Wednesday, February 1st. Analysts expect Silicon Laboratories to post earnings of $0.97 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Silicon Laboratories (NASDAQ:SLAB – Get Rating) last issued its earnings results on Wednesday, October 26th. The semiconductor company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.04. The company had revenue of $269.82 million for the quarter, compared to analysts’ expectations of $270.17 million. Silicon Laboratories had a net margin of 6.45% and a return on equity of 5.70%. On average, analysts expect Silicon Laboratories to post $3 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Silicon Laboratories Trading Down 0.6 %

Shares of Silicon Laboratories stock opened at $156.17 on Wednesday. The stock has a market capitalization of $5.20 billion, a PE ratio of 91.87 and a beta of 1.12. Silicon Laboratories has a 1-year low of $109.44 and a 1-year high of $183.00. The company’s fifty day simple moving average is $141.53 and its 200-day simple moving average is $134.47. The company has a debt-to-equity ratio of 0.34, a current ratio of 7.90 and a quick ratio of 7.47.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SLAB. Barclays boosted their target price on shares of Silicon Laboratories from $85.00 to $100.00 and gave the stock an “underweight” rating in a report on Monday. Cowen lifted their price target on shares of Silicon Laboratories from $150.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 7th. KeyCorp lowered their price objective on shares of Silicon Laboratories from $180.00 to $160.00 and set an “overweight” rating for the company in a research report on Thursday, October 27th. Morgan Stanley lowered their price objective on shares of Silicon Laboratories from $161.00 to $151.00 and set an “equal weight” rating for the company in a research report on Thursday, October 27th. Finally, Needham & Company LLC cut shares of Silicon Laboratories from a “buy” rating to a “hold” rating in a research report on Thursday, October 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $158.25.

Insider Transactions at Silicon Laboratories

In other news, Director Nina Richardson sold 1,351 shares of the company’s stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $145.00, for a total value of $195,895.00. Following the completion of the sale, the director now owns 6,820 shares of the company’s stock, valued at approximately $988,900. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.61% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Prudential Financial Inc. boosted its holdings in shares of Silicon Laboratories by 51.5% in the 1st quarter. Prudential Financial Inc. now owns 12,990 shares of the semiconductor company’s stock valued at $1,950,000 after acquiring an additional 4,416 shares during the last quarter. Bridgewater Associates LP acquired a new stake in shares of Silicon Laboratories in the first quarter valued at about $327,000. Bridgefront Capital LLC acquired a new stake in shares of Silicon Laboratories in the first quarter valued at about $295,000. Fuller & Thaler Asset Management Inc. raised its position in shares of Silicon Laboratories by 1.0% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 60,965 shares of the semiconductor company’s stock valued at $9,157,000 after buying an additional 587 shares during the last quarter. Finally, Covestor Ltd raised its position in shares of Silicon Laboratories by 214.8% in the first quarter. Covestor Ltd now owns 554 shares of the semiconductor company’s stock valued at $83,000 after buying an additional 378 shares during the last quarter. Institutional investors own 99.56% of the company’s stock.

About Silicon Laboratories

(Get Rating)

Silicon Laboratories, Inc designs and develops analog-intensive and mixed-signal integrated circuits. The firm offers microcontrollers, wireless, sensors, USB bridges, analog, clocks and oscillators, isolators, power, audio and radio, modems and TV and video product categories. It provides solutions for automotive, communications, data centers, healthcare & fitness, home automation & entertainment, industrial automation & power and retail industries.