Silicon Laboratories (NASDAQ:SLAB) Updates Q4 2019 Earnings Guidance

Silicon Laboratories (NASDAQ:SLAB) updated its fourth quarter 2019 earnings guidance on Wednesday. The company provided earnings per share guidance of $0.84-0.94 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.85. The company issued revenue guidance of $217-227 million, compared to the consensus revenue estimate of $221.1 million.Silicon Laboratories also updated its Q4 guidance to $0.84-0.94 EPS.

A number of analysts have recently commented on the company. Roth Capital boosted their price objective on Silicon Laboratories from $120.00 to $130.00 in a research report on Thursday, July 25th. BidaskClub upgraded Silicon Laboratories from a hold rating to a buy rating in a research report on Wednesday, October 16th. Benchmark assumed coverage on Silicon Laboratories in a research report on Tuesday, July 23rd. They issued a buy rating and a $120.00 price objective for the company. Zacks Investment Research cut Silicon Laboratories from a hold rating to a sell rating in a research report on Friday, October 4th. Finally, TheStreet cut Silicon Laboratories from a b rating to a c+ rating in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company’s stock. Silicon Laboratories has an average rating of Hold and a consensus price target of $109.70.

Shares of SLAB traded down $0.41 during trading hours on Thursday, hitting $109.80. 6,127 shares of the stock were exchanged, compared to its average volume of 287,835. The company has a debt-to-equity ratio of 0.34, a quick ratio of 5.91 and a current ratio of 6.47. Silicon Laboratories has a 12-month low of $73.13 and a 12-month high of $115.29. The company has a market cap of $4.63 billion, a price-to-earnings ratio of 38.42, a price-to-earnings-growth ratio of 3.23 and a beta of 1.52. The stock’s 50-day moving average price is $110.64 and its two-hundred day moving average price is $103.54.

Silicon Laboratories (NASDAQ:SLAB) last issued its quarterly earnings results on Wednesday, October 23rd. The semiconductor company reported $0.96 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.12. Silicon Laboratories had a return on equity of 9.97% and a net margin of 3.84%. The firm had revenue of $223.30 million during the quarter, compared to analysts’ expectations of $217.97 million. During the same period in the previous year, the business earned $1.01 earnings per share. The firm’s revenue for the quarter was down 3.0% on a year-over-year basis. On average, research analysts expect that Silicon Laboratories will post 2.07 earnings per share for the current year.

In other news, CFO John C. Hollister sold 10,000 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $110.00, for a total value of $1,100,000.00. Following the transaction, the chief financial officer now owns 69,423 shares of the company’s stock, valued at approximately $7,636,530. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director William G. Bock sold 1,000 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $103.35, for a total value of $103,350.00. Following the completion of the transaction, the director now directly owns 38,791 shares in the company, valued at approximately $4,009,049.85. The disclosure for this sale can be found here. In the last ninety days, insiders sold 48,813 shares of company stock worth $5,472,005. Corporate insiders own 2.10% of the company’s stock.

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, 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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Earnings History and Estimates for Silicon Laboratories (NASDAQ:SLAB)

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