Wall Street brokerages expect that Silicon Labs (NASDAQ:SLAB) will report $199.66 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Silicon Labs’ earnings. The lowest sales estimate is $199.00 million and the highest is $200.60 million. Silicon Labs reported sales of $179.03 million during the same quarter last year, which indicates a positive year over year growth rate of 11.5%. The business is expected to announce its next earnings report on Wednesday, April 25th.
On average, analysts expect that Silicon Labs will report full year sales of $199.66 million for the current fiscal year, with estimates ranging from $835.00 million to $842.20 million. For the next financial year, analysts forecast that the business will report sales of $913.32 million per share, with estimates ranging from $903.00 million to $930.70 million. Zacks’ sales averages are an average based on a survey of research analysts that follow Silicon Labs.
Silicon Labs (NASDAQ:SLAB) last issued its earnings results on Wednesday, January 31st. The semiconductor company reported $0.93 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.07. Silicon Labs had a return on equity of 11.11% and a net margin of 6.12%. The business had revenue of $201.02 million for the quarter, compared to analysts’ expectations of $197.93 million. During the same period in the previous year, the firm posted $0.75 EPS. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year.
In related news, SVP Sandeep P. Kumar sold 5,750 shares of the business’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $100.00, for a total transaction of $575,000.00. Following the completion of the transaction, the senior vice president now owns 41,633 shares in the company, valued at $4,163,300. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Brandon Tolany sold 18,235 shares of the business’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $95.00, for a total transaction of $1,732,325.00. Following the transaction, the senior vice president now owns 69,501 shares of the company’s stock, valued at approximately $6,602,595. The disclosure for this sale can be found here. Insiders have sold 35,676 shares of company stock worth $3,378,918 in the last ninety days. Corporate insiders own 1.96% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Advisors Asset Management Inc. grew its stake in shares of Silicon Labs by 75.1% during the third quarter. Advisors Asset Management Inc. now owns 1,292 shares of the semiconductor company’s stock worth $103,000 after purchasing an additional 554 shares in the last quarter. Public Employees Retirement Association of Colorado acquired a new position in shares of Silicon Labs during the fourth quarter worth $155,000. M&T Bank Corp acquired a new position in shares of Silicon Labs during the fourth quarter worth $202,000. Amundi Pioneer Asset Management Inc. acquired a new position in shares of Silicon Labs during the fourth quarter worth $203,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Silicon Labs by 52.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,479 shares of the semiconductor company’s stock worth $219,000 after purchasing an additional 856 shares in the last quarter. Hedge funds and other institutional investors own 89.57% of the company’s stock.
SLAB traded down $1.60 during trading hours on Friday, reaching $87.75. The company’s stock had a trading volume of 312,250 shares, compared to its average volume of 243,557. Silicon Labs has a fifty-two week low of $66.35 and a fifty-two week high of $101.90. The stock has a market capitalization of $3,889.69, a PE ratio of 37.34, a P/E/G ratio of 2.39 and a beta of 1.42. The company has a debt-to-equity ratio of 0.36, a quick ratio of 5.39 and a current ratio of 5.84.
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About Silicon Labs
Silicon Laboratories Inc, a fabless semiconductor company, designs, develops, and markets mixed-signal integrated circuits (ICs) in the United States, China, and internationally. The company offers Internet of things products, such as 8-bit mixed-signal, 32-bit wireless, and ultra-low-power 32-bit microcontrollers; wireless connectivity devices, including multiprotocol wireless Gecko system-on-chip devices; real-time operating systems; sensor products comprising optical, relative humidity/temperature, and hall effect magnetic sensors.
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