Analysts expect that Silicon Laboratories (NASDAQ:SLAB) will announce sales of $206.61 million for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Silicon Laboratories’ earnings, with estimates ranging from $205.00 million to $207.04 million. Silicon Laboratories posted sales of $217.11 million in the same quarter last year, which suggests a negative year-over-year growth rate of 4.8%. The company is scheduled to issue its next earnings results before the market opens on Wednesday, July 24th.
On average, analysts expect that Silicon Laboratories will report full-year sales of $843.37 million for the current fiscal year, with estimates ranging from $836.11 million to $846.70 million. For the next financial year, analysts forecast that the company will report sales of $929.95 million, with estimates ranging from $908.91 million to $950.00 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Silicon Laboratories.
Silicon Laboratories (NASDAQ:SLAB) last announced its earnings results on Wednesday, April 24th. The semiconductor company reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.12. Silicon Laboratories had a net margin of 7.35% and a return on equity of 10.74%. The firm had revenue of $188.11 million for the quarter, compared to analysts’ expectations of $188.02 million. During the same quarter in the previous year, the business posted $0.87 EPS. The company’s quarterly revenue was down 8.4% on a year-over-year basis.
In other news, Director William G. Bock sold 1,000 shares of Silicon Laboratories stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $105.61, for a total value of $105,610.00. Following the completion of the transaction, the director now owns 39,791 shares of the company’s stock, valued at approximately $4,202,327.51. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Jack R. Lazar sold 750 shares of Silicon Laboratories stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $109.75, for a total value of $82,312.50. Following the completion of the transaction, the director now directly owns 14,391 shares of the company’s stock, valued at approximately $1,579,412.25. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,663 shares of company stock valued at $271,380. 2.10% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. NumerixS Investment Technologies Inc purchased a new position in Silicon Laboratories in the 4th quarter worth about $71,000. Quadrant Capital Group LLC raised its position in Silicon Laboratories by 866.0% in the 1st quarter. Quadrant Capital Group LLC now owns 995 shares of the semiconductor company’s stock worth $79,000 after buying an additional 892 shares during the last quarter. Advisor Group Inc. raised its position in Silicon Laboratories by 13.9% in the 4th quarter. Advisor Group Inc. now owns 1,345 shares of the semiconductor company’s stock worth $106,000 after buying an additional 164 shares during the last quarter. Stephens Inc. AR raised its position in Silicon Laboratories by 47.9% in the 4th quarter. Stephens Inc. AR now owns 2,015 shares of the semiconductor company’s stock worth $159,000 after buying an additional 653 shares during the last quarter. Finally, FNY Investment Advisers LLC purchased a new position in Silicon Laboratories in the 1st quarter worth about $161,000. 92.05% of the stock is owned by hedge funds and other institutional investors.
Shares of SLAB stock traded up $1.24 during mid-day trading on Friday, reaching $106.09. 219,402 shares of the company’s stock traded hands, compared to its average volume of 242,971. Silicon Laboratories has a 12 month low of $73.13 and a 12 month high of $110.43. The firm has a market cap of $4.54 billion, a P/E ratio of 37.09, a P/E/G ratio of 3.22 and a beta of 1.62. The company has a current ratio of 6.04, a quick ratio of 5.52 and a debt-to-equity ratio of 0.34. The firm’s 50-day simple moving average is $98.68.
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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