Silicon Laboratories (NASDAQ:SLAB) Updates Q4 2024 Earnings Guidance

Silicon Laboratories (NASDAQ:SLAB) updated its fourth quarter 2024 earnings guidance on Monday. The company provided earnings per share guidance of -0.210–0.010 for the period, compared to the consensus earnings per share estimate of 0.090. The company issued revenue guidance of $161.0 million-$171.0 million, compared to the consensus revenue estimate of $186.9 million. Silicon Laboratories also updated its Q4 guidance to ($0.21)-($0.01) EPS.

Silicon Laboratories Stock Performance

SLAB traded down $1.49 on Monday, hitting $104.74. 410,801 shares of the company were exchanged, compared to its average volume of 294,758. The firm has a fifty day simple moving average of $112.84 and a two-hundred day simple moving average of $115.65. The stock has a market capitalization of $3.38 billion, a PE ratio of -16.95 and a beta of 1.20. Silicon Laboratories has a 12 month low of $90.65 and a 12 month high of $154.91.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SLAB. StockNews.com raised shares of Silicon Laboratories to a “sell” rating in a report on Wednesday, October 30th. Needham & Company LLC restated a “buy” rating and set a $150.00 price target on shares of Silicon Laboratories in a report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $140.00.

Insider Buying and Selling

In related news, SVP Brandon Tolany sold 845 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $115.00, for a total value of $97,175.00. Following the sale, the senior vice president now directly owns 43,615 shares of the company’s stock, valued at $5,015,725. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.72% of the stock is owned by insiders.

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.