Silicon Laboratories (NASDAQ:SLAB) Releases Q4 Earnings Guidance

Silicon Laboratories (NASDAQ:SLAB) updated its fourth quarter earnings guidance on Monday. The company provided earnings per share guidance of ($0.21)-($0.01) for the period, compared to the consensus earnings per share estimate of $0.13. The company issued revenue guidance of $161-$171 million, compared to the consensus revenue estimate of $187.40 million. Silicon Laboratories also updated its Q4 2024 guidance to -0.210–0.010 EPS.

Silicon Laboratories Trading Up 2.3 %

NASDAQ:SLAB traded up $2.45 during trading hours on Tuesday, hitting $107.19. 345,621 shares of the stock were exchanged, compared to its average volume of 294,995. The firm’s fifty day moving average price is $112.56 and its 200 day moving average price is $115.56. The company has a market cap of $3.46 billion, a P/E ratio of -17.84 and a beta of 1.20. Silicon Laboratories has a 52-week low of $90.65 and a 52-week high of $154.91.

Silicon Laboratories (NASDAQ:SLAB) last issued its earnings results on Monday, November 4th. The semiconductor company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.07. Silicon Laboratories had a negative return on equity of 9.13% and a negative net margin of 36.53%. The company had revenue of $166.00 million during the quarter, compared to analysts’ expectations of $165.50 million. During the same period in the prior year, the business earned $0.48 EPS. The firm’s quarterly revenue was down 18.5% on a year-over-year basis. Equities analysts expect that Silicon Laboratories will post -3.41 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on SLAB shares. Barclays decreased their target price on Silicon Laboratories from $120.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Stifel Nicolaus decreased their price target on shares of Silicon Laboratories from $160.00 to $135.00 and set a “buy” rating for the company in a research note on Tuesday. JPMorgan Chase & Co. dropped 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. KeyCorp decreased their price objective on shares of Silicon Laboratories from $150.00 to $115.00 and set an “overweight” rating for the company in a research report on Tuesday. Finally, StockNews.com upgraded Silicon Laboratories to a “sell” rating in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Silicon Laboratories currently has a consensus rating of “Hold” and an average target price of $125.00.

Insiders Place Their Bets

In related news, SVP Brandon Tolany sold 845 shares of the stock in a transaction on 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 sale, the senior vice president now directly 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 document filed with the Securities & Exchange Commission, which is available through this link. 1.72% of the stock is owned by insiders.

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.