Silicon Laboratories (SLAB) Expected to Announce Quarterly Earnings on Wednesday

Silicon Laboratories (NASDAQ:SLAB) will likely be issuing its quarterly earnings data before the market opens on Wednesday, April 23rd. Analysts expect the company to announce earnings of ($0.09) per share and revenue of $177.48 million for the quarter. Silicon Laboratories has set its Q1 2025 guidance at -0.190-0.010 EPS and its Q1 guidance at $(0.19)-0.01 EPS.

Silicon Laboratories (NASDAQ:SLAB) last issued its earnings results on Tuesday, February 4th. The semiconductor company reported ($0.11) EPS for the quarter, meeting the consensus estimate of ($0.11). The company had revenue of $166.25 million during the quarter, compared to the consensus estimate of $166.09 million. Silicon Laboratories had a negative return on equity of 10.46% and a negative net margin of 32.69%. The firm’s revenue for the quarter was up 91.4% compared to the same quarter last year. During the same period last year, the business posted ($1.19) EPS. On average, analysts expect Silicon Laboratories to post $-1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Silicon Laboratories Stock Performance

Shares of SLAB opened at $90.50 on Monday. Silicon Laboratories has a 52 week low of $82.82 and a 52 week high of $160.00. The stock has a 50 day moving average price of $121.99 and a two-hundred day moving average price of $121.66. The firm has a market capitalization of $2.94 billion, a P/E ratio of -15.24 and a beta of 1.33.

Insiders Place Their Bets

In other Silicon Laboratories news, Director Navdeep S. Sooch sold 2,360 shares of Silicon Laboratories stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $149.00, for a total transaction of $351,640.00. Following the completion of the transaction, the director now directly owns 400,567 shares of the company’s stock, valued at $59,684,483. The trade was a 0.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William G. Bock sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $149.43, for a total value of $149,430.00. Following the sale, the director now directly owns 31,115 shares of the company’s stock, valued at $4,649,514.45. This represents a 3.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,360 shares of company stock worth $782,610. Company insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on SLAB shares. Benchmark restated a “buy” rating and set a $160.00 price objective on shares of Silicon Laboratories in a report on Wednesday, March 12th. KeyCorp lifted their price target on shares of Silicon Laboratories from $115.00 to $160.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. StockNews.com downgraded Silicon Laboratories from a “hold” rating to a “sell” rating in a research report on Thursday, March 27th. Needham & Company LLC restated a “buy” rating and issued a $150.00 target price on shares of Silicon Laboratories in a research note on Wednesday, March 12th. Finally, Stifel Nicolaus dropped their price objective on shares of Silicon Laboratories from $145.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Silicon Laboratories presently has an average rating of “Hold” and an average price target of $133.70.

About Silicon Laboratories

Silicon Laboratories Inc, a fabless semiconductor company, provides various analog-intensive mixed-signal solutions in the United States, China, Taiwan, and internationally. The company's products include wireless microcontrollers and sensor products. Its products are used in various electronic products in a range of applications for the industrial Internet of Things (IoT), including industrial automation and control, smart buildings, access control, HVAC control, and industrial wearables and power tools; smart cities applications, such as smart metering, smart street lighting, renewable energy, electric vehicle supply equipment, and smart agriculture; commercial IoT applications, including smart lighting, asset tracking, electronic shelf labels, theft protection, and enterprise access points; smart home applications, comprising home automation/security systems, smart speakers, smart lighting, HVAC control, smart cameras, smart appliances, smart home sensing, smart locks, and window/blind controls; and connected health applications, including diabetes management, consumer health and fitness, elderly care, patient monitoring, and activity tracking; as well as in commercial building automation, consumer electronics, and medical instrumentation.