Silicon Laboratories (NASDAQ:SLAB) Updates Q4 Earnings Guidance

Silicon Laboratories (NASDAQ:SLAB) updated its fourth quarter earnings guidance on Monday. The company provided earnings per share guidance of ($0.21)-($0.01) for the period, compared to the consensus earnings per share estimate of $0.13. The company issued revenue guidance of $161-$171 million, compared to the consensus revenue estimate of $187.40 million. Silicon Laboratories also updated its Q4 2024 guidance to -0.210–0.010 EPS.

Silicon Laboratories Trading Up 2.3 %

Shares of NASDAQ SLAB traded up $2.45 during midday trading on Tuesday, hitting $107.19. 345,621 shares of the company’s stock were exchanged, compared to its average volume of 294,995. The business’s fifty day moving average price is $112.56 and its two-hundred day moving average price is $115.56. The company has a market cap of $3.46 billion, a price-to-earnings ratio of -17.84 and a beta of 1.20. Silicon Laboratories has a 12-month low of $90.65 and a 12-month high of $154.91.

Silicon Laboratories (NASDAQ:SLAB) last issued its earnings results on Monday, November 4th. The semiconductor company reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.07. The company had revenue of $166.00 million during the quarter, compared to analysts’ expectations of $165.50 million. Silicon Laboratories had a negative return on equity of 9.13% and a negative net margin of 36.53%. Silicon Laboratories’s quarterly revenue was down 18.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.48 EPS. Equities analysts expect that Silicon Laboratories will post -3.41 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SLAB. Barclays dropped their price target on shares of Silicon Laboratories from $120.00 to $75.00 and set an “equal weight” rating for the company in a research report on Tuesday. StockNews.com raised Silicon Laboratories to a “sell” rating in a research note on Wednesday, October 30th. KeyCorp lowered their price target on Silicon Laboratories from $150.00 to $115.00 and set an “overweight” rating for the company in a research report on Tuesday. Stifel Nicolaus dropped their target price on shares of Silicon Laboratories from $160.00 to $135.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, JPMorgan Chase & Co. cut their target price on Silicon Laboratories from $150.00 to $135.00 and set an “overweight” rating on the stock in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $125.00.

Insider Transactions at Silicon Laboratories

In other Silicon Laboratories news, SVP Brandon Tolany sold 845 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $115.00, for a total value of $97,175.00. Following the sale, the senior vice president now owns 43,615 shares in the company, valued at $5,015,725. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.72% of the company’s stock.

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.