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.
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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