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

Silicon Laboratories (NASDAQ:SLAB - Get Free Report) is anticipated to announce its earnings results 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 - Get Free Report) last issued its earnings results on Tuesday, February 4th. The semiconductor company reported ($0.11) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.11). Silicon Laboratories had a negative net margin of 32.69% and a negative return on equity of 10.46%. The firm had revenue of $166.25 million during the quarter, compared to analysts' expectations of $166.09 million. During the same quarter last year, the company posted ($1.19) earnings per share. The firm's revenue was up 91.4% compared to the same quarter last year. 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 Price Performance

NASDAQ:SLAB traded up $0.50 during mid-day trading on Friday, hitting $90.50. The company's stock had a trading volume of 545,330 shares, compared to its average volume of 331,378. The business's fifty day moving average is $121.99 and its two-hundred day moving average is $121.66. The stock has a market cap of $2.94 billion, a price-to-earnings ratio of -15.24 and a beta of 1.33. Silicon Laboratories has a 1 year low of $82.82 and a 1 year high of $160.00.

Analyst Upgrades and Downgrades

SLAB has been the topic of several analyst reports. Benchmark reaffirmed a "buy" rating and set a $160.00 target price on shares of Silicon Laboratories in a report on Wednesday, March 12th. Stifel Nicolaus decreased 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. Needham & Company LLC reissued a "buy" rating and set a $150.00 target price on shares of Silicon Laboratories in a research note on Wednesday, March 12th. KeyCorp lifted their price objective on Silicon Laboratories from $115.00 to $160.00 and gave the stock an "overweight" rating in a report on Wednesday, January 22nd. Finally, Barclays lifted their price target on Silicon Laboratories from $75.00 to $120.00 and gave the stock an "equal weight" rating in a research note on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Silicon Laboratories has an average rating of "Hold" and a consensus target price of $133.70.

Insider Activity

In other news, Director William G. Bock sold 2,000 shares of Silicon Laboratories stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $140.77, for a total transaction of $281,540.00. Following the sale, the director now owns 32,115 shares of the company's stock, valued at approximately $4,520,828.55. The trade was a 5.86 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Navdeep S. Sooch sold 2,360 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $149.00, for a total value of $351,640.00. Following the completion of the transaction, the director now owns 400,567 shares in the company, valued at $59,684,483. This represents a 0.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,360 shares of company stock valued at $782,610. 1.60% of the stock is currently owned by 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.