Silicon Laboratories (NASDAQ:SLAB) – Equities research analysts at William Blair raised their Q3 2020 earnings per share estimates for shares of Silicon Laboratories in a research note issued on Thursday, January 30th. William Blair analyst now forecasts that the semiconductor company will post earnings per share of $0.74 for the quarter, up from their prior forecast of $0.70. William Blair also issued estimates for Silicon Laboratories’ Q4 2020 earnings at $0.66 EPS, Q2 2021 earnings at $0.67 EPS, Q3 2021 earnings at $0.85 EPS and Q4 2021 earnings at $0.80 EPS.
Several other equities analysts have also recently issued reports on SLAB. Cowen dropped their price target on Silicon Laboratories from $130.00 to $125.00 and set an “outperform” rating on the stock in a research report on Thursday, January 30th. Barclays restated a “hold” rating and set a $120.00 price target on shares of Silicon Laboratories in a report on Sunday, January 19th. Needham & Company LLC restated a “hold” rating on shares of Silicon Laboratories in a report on Thursday, October 24th. Wells Fargo & Co lifted their target price on shares of Silicon Laboratories from $125.00 to $130.00 and gave the stock an “overweight” rating in a report on Friday, December 20th. Finally, BidaskClub upgraded shares of Silicon Laboratories from a “sell” rating to a “hold” rating in a report on Friday, December 13th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Silicon Laboratories currently has a consensus rating of “Hold” and a consensus target price of $121.25.
SLAB opened at $104.15 on Monday. The business’s 50-day simple moving average is $115.08 and its 200-day simple moving average is $110.51. The company has a debt-to-equity ratio of 0.33, a quick ratio of 6.32 and a current ratio of 6.85. Silicon Laboratories has a one year low of $77.08 and a one year high of $122.90. The stock has a market capitalization of $4.53 billion, a P/E ratio of 247.98, a price-to-earnings-growth ratio of 2.49 and a beta of 1.51.
Silicon Laboratories (NASDAQ:SLAB) last posted its earnings results on Wednesday, January 29th. The semiconductor company reported $0.84 EPS for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.05). Silicon Laboratories had a return on equity of 8.85% and a net margin of 2.30%. The firm had revenue of $219.44 million for the quarter, compared to analyst estimates of $222.01 million. During the same quarter last year, the firm posted $0.91 EPS. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis.
A number of institutional investors and hedge funds have recently bought and sold shares of SLAB. Quest Capital Management Inc. ADV purchased a new position in Silicon Laboratories during the 3rd quarter worth $39,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Silicon Laboratories during the 4th quarter worth $39,000. Huntington National Bank purchased a new position in Silicon Laboratories during the 4th quarter worth $41,000. Ladenburg Thalmann Financial Services Inc. boosted its holdings in Silicon Laboratories by 23.5% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,499 shares of the semiconductor company’s stock worth $155,000 after acquiring an additional 285 shares during the last quarter. Finally, Coldstream Capital Management Inc. purchased a new position in Silicon Laboratories during the 3rd quarter worth $201,000. 94.75% of the stock is currently owned by hedge funds and other institutional investors.
In other Silicon Laboratories news, SVP Sandeep P. Kumar sold 5,177 shares of Silicon Laboratories stock in a transaction on Monday, January 13th. The shares were sold at an average price of $120.00, for a total transaction of $621,240.00. Following the transaction, the senior vice president now directly owns 44,850 shares of the company’s stock, valued at approximately $5,382,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Navdeep S. Sooch sold 15,000 shares of Silicon Laboratories stock in a transaction on Monday, January 13th. The stock was sold at an average price of $120.00, for a total transaction of $1,800,000.00. Following the transaction, the director now directly owns 433,447 shares in the company, valued at $52,013,640. The disclosure for this sale can be found here. Insiders have sold a total of 21,177 shares of company stock worth $2,531,080 over the last ninety days. Insiders own 2.10% of the company’s stock.
About Silicon Laboratories
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, including 8-bit mixed-signal, 32-bit wireless, and ultra-low-power 32-bit microcontrollers; wireless connectivity devices, such as multiprotocol wireless Gecko system-on-chip devices; real-time operating systems; sensor products comprising optical, relative humidity/temperature, and hall effect magnetic sensors.