Analysts forecast that Silicon Laboratories (NASDAQ:SLAB) will announce $222.18 million in sales for the current quarter, Zacks reports. Four analysts have made estimates for Silicon Laboratories’ earnings, with estimates ranging from $222.00 million to $222.50 million. Silicon Laboratories reported sales of $215.53 million in the same quarter last year, which indicates a positive year-over-year growth rate of 3.1%. The company is expected to announce its next earnings report on Wednesday, January 29th.
According to Zacks, analysts expect that Silicon Laboratories will report full-year sales of $837.55 million for the current fiscal year, with estimates ranging from $831.80 million to $840.34 million. For the next fiscal year, analysts anticipate that the business will report sales of $917.06 million, with estimates ranging from $907.40 million to $926.41 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Silicon Laboratories.
Silicon Laboratories (NASDAQ:SLAB) last released its quarterly earnings results on Wednesday, October 23rd. The semiconductor company reported $0.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.12. Silicon Laboratories had a net margin of 2.96% and a return on equity of 9.33%. The firm had revenue of $223.30 million for the quarter, compared to the consensus estimate of $217.97 million. During the same quarter in the previous year, the firm posted $1.01 EPS. The firm’s quarterly revenue was down 3.0% on a year-over-year basis.
Silicon Laboratories stock traded down $0.25 during midday trading on Wednesday, hitting $108.39. 181,737 shares of the stock were exchanged, compared to its average volume of 300,958. Silicon Laboratories has a 1 year low of $73.13 and a 1 year high of $115.29. The firm has a market cap of $4.49 billion, a P/E ratio of 37.90, a P/E/G ratio of 2.92 and a beta of 1.49. The company has a debt-to-equity ratio of 0.34, a current ratio of 6.78 and a quick ratio of 6.24. The company has a 50 day moving average price of $108.60 and a two-hundred day moving average price of $105.42.
In other news, Director William G. Bock sold 1,000 shares of Silicon Laboratories stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $109.84, for a total value of $109,840.00. Following the completion of the transaction, the director now directly owns 37,791 shares of the company’s stock, valued at approximately $4,150,963.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO John C. Hollister sold 10,000 shares of Silicon Laboratories stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $110.00, for a total transaction of $1,100,000.00. Following the completion of the transaction, the chief financial officer now directly owns 69,423 shares of the company’s stock, valued at $7,636,530. The disclosure for this sale can be found here. Insiders sold a total of 49,013 shares of company stock valued at $5,500,787 in the last three months. Insiders own 2.10% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Quest Capital Management Inc. ADV acquired a new position in Silicon Laboratories during the 3rd quarter valued at about $39,000. NumerixS Investment Technologies Inc acquired a new position in Silicon Laboratories during the 2nd quarter valued at about $93,000. Tower Research Capital LLC TRC boosted its stake in Silicon Laboratories by 832.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 998 shares of the semiconductor company’s stock valued at $104,000 after purchasing an additional 891 shares during the period. Sun Life Financial INC acquired a new position in Silicon Laboratories during the 2nd quarter valued at about $117,000. Finally, Ladenburg Thalmann Financial Services Inc. boosted its stake in Silicon Laboratories by 23.5% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,499 shares of the semiconductor company’s stock valued at $155,000 after purchasing an additional 285 shares during the period. 94.70% 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, 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.
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