Silicon Laboratories (NASDAQ:SLAB) Issues Q1 Earnings Guidance

Silicon Laboratories (NASDAQ:SLAB) updated its first quarter earnings guidance on Tuesday. The company provided earnings per share guidance of ($0.19)-0.01 for the period, compared to the consensus earnings per share estimate of ($0.09). The company issued revenue guidance of $175-180 million, compared to the consensus revenue estimate of $177.47 million.

Analysts Set New Price Targets

Several research firms have recently commented on SLAB. Susquehanna assumed coverage on shares of Silicon Laboratories in a research note on Tuesday, December 17th. They set a “neutral” rating and a $130.00 price target on the stock. KeyCorp increased their price objective on Silicon Laboratories from $115.00 to $160.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Benchmark restated a “buy” rating and set a $160.00 target price on shares of Silicon Laboratories in a research report on Wednesday. Stifel Nicolaus upped their price target on Silicon Laboratories from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Finally, Barclays lifted their price objective on Silicon Laboratories from $75.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $136.20.

Silicon Laboratories Price Performance

Shares of NASDAQ:SLAB opened at $123.80 on Wednesday. Silicon Laboratories has a fifty-two week low of $94.00 and a fifty-two week high of $160.00. The company has a market capitalization of $4.02 billion, a price-to-earnings ratio of -20.84 and a beta of 1.15. The firm’s 50 day simple moving average is $138.71 and its 200 day simple moving average is $122.77.

Silicon Laboratories (NASDAQ:SLAB) last issued its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported ($0.11) EPS for the quarter, hitting the consensus estimate of ($0.11). Silicon Laboratories had a negative return on equity of 10.46% and a negative net margin of 32.69%. The business had revenue of $166.25 million for the quarter, compared to the consensus estimate of $166.09 million. During the same quarter last year, the business posted ($1.19) EPS. The firm’s revenue was up 91.4% compared to the same quarter last year. Equities research analysts expect that Silicon Laboratories will post -0.97 earnings per share for the current year.

Insider Buying and Selling

In other Silicon Laboratories news, Director Navdeep S. Sooch sold 2,360 shares of Silicon Laboratories stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $149.00, for a total value of $351,640.00. Following the sale, the director now owns 400,567 shares of the company’s stock, valued at $59,684,483. This trade represents a 0.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director William G. Bock sold 1,000 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $149.43, for a total value of $149,430.00. Following the transaction, the director now owns 31,115 shares of the company’s stock, valued at approximately $4,649,514.45. The trade was a 3.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 5,360 shares of company stock valued at $782,610. 1.72% of the stock is owned by corporate insiders.

Silicon Laboratories Company Profile

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.