Silicon Laboratories (SLAB) Set to Announce Earnings on Wednesday

Silicon Laboratories (NASDAQ:SLAB – Get Rating) is scheduled to 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 registering for the company’s earnings conference call can do so using this link.

Silicon Laboratories (NASDAQ:SLAB – Get Rating) last released its quarterly earnings data on Wednesday, October 26th. The semiconductor company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 Price Performance

SLAB 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. The company’s 50-day moving average is $141.53 and its 200-day 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. Silicon Laboratories has a 1 year low of $109.44 and a 1 year high of $183.00.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. KeyCorp cut their price objective on shares of Silicon Laboratories from $180.00 to $160.00 and set an “overweight” rating on the stock in a research report on Thursday, October 27th. Barclays lifted their price target on Silicon Laboratories from $85.00 to $100.00 and gave the company an “underweight” rating in a research note on Monday. StockNews.com initiated coverage on Silicon Laboratories in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Cowen lifted their price target on Silicon Laboratories from $150.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, December 7th. Finally, Wells Fargo & Company lifted their price target on Silicon Laboratories from $145.00 to $155.00 and gave the company an “overweight” rating in a research note on Monday, January 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Silicon Laboratories has an average rating of “Hold” and an average target price of $158.25.

Insiders Place Their Bets

In other Silicon Laboratories news, Director Nina Richardson sold 1,351 shares of Silicon Laboratories stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $145.00, for a total transaction of $195,895.00. Following the transaction, the director now owns 6,820 shares of the company’s stock, valued at approximately $988,900. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.61% of the company’s stock.

Hedge Funds Weigh In On Silicon Laboratories

Several hedge funds have recently modified their holdings of SLAB. Dimensional Fund Advisors LP raised its holdings in shares of Silicon Laboratories by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 516,660 shares of the semiconductor company’s stock worth $77,605,000 after purchasing an additional 7,766 shares during the period. Eaton Vance Management raised its holdings in shares of Silicon Laboratories by 6.7% in the 1st quarter. Eaton Vance Management now owns 249,899 shares of the semiconductor company’s stock worth $37,534,000 after purchasing an additional 15,638 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Silicon Laboratories by 338.0% in the 1st quarter. Renaissance Technologies LLC now owns 232,998 shares of the semiconductor company’s stock worth $34,996,000 after purchasing an additional 179,800 shares during the period. Woodline Partners LP raised its holdings in shares of Silicon Laboratories by 24.0% in the 1st quarter. Woodline Partners LP now owns 70,709 shares of the semiconductor company’s stock worth $10,620,000 after purchasing an additional 13,663 shares during the period. Finally, Balyasny Asset Management LLC bought a new stake in shares of Silicon Laboratories in the 3rd quarter worth approximately $8,201,000. Institutional investors own 99.56% of the company’s stock.

About Silicon Laboratories

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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.