Research Analysts Set Expectations for Silicon Laboratories’ FY2018 Earnings (SLAB)

Silicon Laboratories (NASDAQ:SLAB) – Equities researchers at KeyCorp dropped their FY2018 earnings per share (EPS) estimates for Silicon Laboratories in a research report issued on Wednesday, October 24th. KeyCorp analyst J. Vinh now expects that the semiconductor company will post earnings of $2.78 per share for the year, down from their previous forecast of $2.82. KeyCorp also issued estimates for Silicon Laboratories’ Q4 2018 earnings at $0.71 EPS and Q1 2019 earnings at $0.61 EPS.

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



Other analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Silicon Laboratories from a “buy” rating to a “hold” rating in a research note on Tuesday, August 14th. B. Riley raised their price objective on shares of Silicon Laboratories to $123.00 and gave the company a “buy” rating in a research note on Wednesday, July 25th. BidaskClub upgraded shares of Silicon Laboratories from a “hold” rating to a “buy” rating in a research note on Tuesday, July 10th. ValuEngine cut shares of Silicon Laboratories from a “buy” rating to a “hold” rating in a research note on Thursday, September 27th. Finally, William Blair initiated coverage on shares of Silicon Laboratories in a research note on Thursday, October 25th. They issued a “market perform” rating for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $105.27.

Shares of NASDAQ SLAB opened at $80.14 on Monday. The company has a quick ratio of 4.91, a current ratio of 5.44 and a debt-to-equity ratio of 0.34. Silicon Laboratories has a 52 week low of $75.89 and a 52 week high of $110.70. The stock has a market capitalization of $3.40 billion, a P/E ratio of 34.10, a P/E/G ratio of 1.90 and a beta of 1.50.

Large investors have recently bought and sold shares of the company. First Hawaiian Bank acquired a new position in shares of Silicon Laboratories in the third quarter valued at approximately $106,000. OLD National Bancorp IN acquired a new position in shares of Silicon Laboratories in the second quarter valued at approximately $210,000. World Asset Management Inc acquired a new position in shares of Silicon Laboratories in the second quarter valued at approximately $212,000. Wrapmanager Inc. acquired a new position in shares of Silicon Laboratories in the second quarter valued at approximately $212,000. Finally, Verition Fund Management LLC acquired a new position in shares of Silicon Laboratories in the second quarter valued at approximately $227,000. 91.34% of the stock is owned by institutional investors and hedge funds.

In other Silicon Laboratories news, Director William G. Bock sold 1,000 shares of Silicon Laboratories stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $94.50, for a total transaction of $94,500.00. Following the completion of the transaction, the director now owns 40,751 shares in the company, valued at $3,850,969.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Alessandro Piovaccari sold 1,404 shares of Silicon Laboratories stock in a transaction dated Monday, October 15th. The stock was sold at an average price of $80.72, for a total transaction of $113,330.88. Following the transaction, the senior vice president now owns 28,265 shares of the company’s stock, valued at approximately $2,281,550.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,916 shares of company stock valued at $1,015,797. 1.96% of the stock is currently owned by company insiders.

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, 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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