Silicon Laboratories - SLAB Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Silicon Laboratories in the last twelve months. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SLAB shares.
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7 Wall Street research analysts have issued 12 month target prices for Silicon Laboratories' stock. Their SLAB share price forecasts range from $161.00 to $210.00. On average, they expect the company's share price to reach $181.38 in the next year. This suggests a possible upside of 46.9% from the stock's current price.
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Silicon Laboratories' stock was trading at $206.42 at the beginning of 2022. Since then, SLAB stock has decreased by 40.2% and is now trading at $123.44.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
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Silicon Laboratories Inc. (NASDAQ:SLAB) released its quarterly earnings results on Wednesday, July, 27th. The semiconductor company reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.66 by $0.20. The semiconductor company had revenue of $263 million for the quarter, compared to the consensus estimate of $250.46 million. Silicon Laboratories had a net margin of 239.09% and a trailing twelve-month return on equity of 3.61%. The business's revenue for the quarter was up 55.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.81 earnings per share.

Silicon Laboratories updated its third quarter 2022 earnings guidance on Wednesday, August, 3rd. The company provided earnings per share guidance of $1.08-$1.18 for the period, compared to the consensus estimate of $0.84. The company issued revenue guidance of $265.00 million-$275.00 million, compared to the consensus revenue estimate of $262.57 million.

107 employees have rated Silicon Laboratories Chief Executive Officer Tyson Tuttle on Glassdoor.com. Tyson Tuttle has an approval rating of 99% among the company's employees. This puts Tyson Tuttle in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Silicon Laboratories investors own include NVIDIA (NVDA), Micron Technology (MU), Intel (INTC), Advanced Micro Devices (AMD), QUALCOMM (QCOM), Skyworks Solutions (SWKS), DocuSign (DOCU), Broadcom (AVGO) and Cisco Systems (CSCO).

Silicon Laboratories trades on the NASDAQ under the ticker symbol "SLAB."

Shares of SLAB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SLAB stock can currently be purchased for approximately $123.44.

Silicon Laboratories (NASDAQ:SLAB) has a market capitalization of $4.22 billion and generates $720.86 million in revenue each year. The semiconductor company earns $2.12 billion in net income (profit) each year or $47.86 on an earnings per share basis.

The company employs 1,667 workers across the globe.

Silicon Laboratories' mailing address is 400 WEST CESAR CHAVEZ, AUSTIN TX, 78701. The official website for the company is www.silabs.com. The semiconductor company can be reached via phone at (512) 416-8500, via email at investor.relations@silabs.com, or via fax at 512-416-9669.