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 earnings per share guidance of -0.210–0.010 for the period, compared to the consensus earnings per share 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.

Silicon Laboratories Price Performance

NASDAQ:SLAB traded down $2.41 during trading hours on Thursday, hitting $113.29. The stock had a trading volume of 97,591 shares, compared to its average volume of 298,811. The company has a 50 day simple moving average of $112.32 and a two-hundred day simple moving average of $115.49. Silicon Laboratories has a one year low of $92.55 and a one year high of $154.91. The firm has a market capitalization of $3.66 billion, a price-to-earnings ratio of -15.64 and a beta of 1.20.

Silicon Laboratories (NASDAQ:SLAB) last announced its quarterly earnings results on Monday, November 4th. The semiconductor company reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.07. Silicon Laboratories had a negative net margin of 46.93% and a negative return on equity of 12.40%. The firm had revenue of $166.00 million during the quarter, compared to the consensus estimate of $165.50 million. During the same period last year, the firm earned $0.48 EPS. The business’s quarterly revenue was down 18.5% compared to the same quarter last year. Equities research analysts anticipate that Silicon Laboratories will post -3.41 earnings per share for the current year.

Wall Street Analyst Weigh In

SLAB has been the topic of several research reports. StockNews.com upgraded shares of Silicon Laboratories to a “sell” rating in a research report on Wednesday, October 30th. Benchmark restated a “hold” rating on shares of Silicon Laboratories in a research report on Tuesday. Morgan Stanley lowered their price objective on shares of Silicon Laboratories from $123.00 to $97.00 and set an “equal weight” rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. lowered their price objective on shares of Silicon Laboratories from $150.00 to $135.00 and set an “overweight” rating on the stock in a research report on Tuesday. Finally, Stifel Nicolaus lowered their price objective on shares of Silicon Laboratories from $160.00 to $135.00 and set a “buy” rating on the stock in a research report on Tuesday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $121.50.

Insider Buying and Selling

In related news, SVP Brandon Tolany sold 845 shares of Silicon Laboratories stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $115.00, for a total value of $97,175.00. Following the transaction, the senior vice president now owns 43,615 shares in the company, valued at $5,015,725. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.72% of the stock is owned by corporate insiders.

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.