Silicon Laboratories (SLAB) to Release Earnings on Wednesday

Silicon Laboratories (NASDAQ:SLAB) will be releasing its earnings data before the market opens on Wednesday, July 24th. Analysts expect Silicon Laboratories to post earnings of ($0.64) per share for the quarter. Silicon Laboratories has set its Q2 guidance at ($0.58)-($0.70) EPS and its Q2 2024 guidance at -0.700–0.580 EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

Silicon Laboratories (NASDAQ:SLAB) last posted its earnings results on Wednesday, April 24th. The semiconductor company reported ($1.34) earnings per share for the quarter, missing the consensus estimate of ($1.29) by ($0.05). The business had revenue of $106.38 million for the quarter, compared to analyst estimates of $104.45 million. Silicon Laboratories had a negative net margin of 16.36% and a negative return on equity of 4.45%. On average, analysts expect Silicon Laboratories to post $-3 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Silicon Laboratories Stock Performance

NASDAQ:SLAB opened at $116.86 on Tuesday. Silicon Laboratories has a twelve month low of $74.56 and a twelve month high of $160.23. The firm’s fifty day simple moving average is $119.58 and its 200 day simple moving average is $126.71.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Summit Insights downgraded shares of Silicon Laboratories from a “buy” rating to a “hold” rating in a research note on Wednesday, April 24th. StockNews.com raised shares of Silicon Laboratories to a “sell” rating in a research note on Tuesday. JPMorgan Chase & Co. dropped their price target on shares of Silicon Laboratories from $165.00 to $150.00 and set an “overweight” rating on the stock in a research note on Thursday, April 25th. TD Cowen dropped their price target on shares of Silicon Laboratories from $155.00 to $145.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Finally, Benchmark reaffirmed a “hold” rating on shares of Silicon Laboratories in a research note on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $135.00.

Insider Activity

In other news, CEO Robert Matthew Johnson sold 7,230 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $123.80, for a total value of $895,074.00. Following the sale, the chief executive officer now owns 47,910 shares in the company, valued at approximately $5,931,258. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.72% of the company’s stock.

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.