Silicon Laboratories (NASDAQ:SLAB) Updates Q4 2024 Earnings Guidance

Silicon Laboratories (NASDAQ:SLAB) issued an update on its fourth quarter 2024 earnings guidance on Monday morning. The company provided EPS guidance of -0.210–0.010 for the period, compared to the consensus EPS estimate of 0.090. The company issued revenue guidance of $161.0 million-$171.0 million, compared to the consensus revenue estimate of $186.9 million. Silicon Laboratories also updated its Q4 guidance to ($0.21)-($0.01) EPS.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. StockNews.com raised shares of Silicon Laboratories to a “sell” rating in a research note on Wednesday, October 30th. Needham & Company LLC reiterated a “buy” rating and set a $150.00 target price on shares of Silicon Laboratories in a research report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $140.00.

Silicon Laboratories Trading Down 1.4 %

Silicon Laboratories stock traded down $1.49 during midday trading on Monday, hitting $104.74. The stock had a trading volume of 411,483 shares, compared to its average volume of 294,758. The business has a fifty day moving average price of $112.84 and a 200 day moving average price of $115.65. Silicon Laboratories has a 12 month low of $90.65 and a 12 month high of $154.91. The stock has a market cap of $3.38 billion, a P/E ratio of -16.95 and a beta of 1.20.

Insider Buying and Selling

In related news, SVP Brandon Tolany sold 845 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $115.00, for a total transaction of $97,175.00. Following the completion of the transaction, the senior vice president now owns 43,615 shares of the company’s stock, valued at $5,015,725. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.72% of the company’s stock.

About Silicon Laboratories

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.