Wall Street analysts predict that Silicon Laboratories (NASDAQ:SLAB) will announce $0.98 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Silicon Laboratories’ earnings. Silicon Laboratories posted earnings of $0.90 per share during the same quarter last year, which would suggest a positive year over year growth rate of 8.9%. The company is expected to announce its next earnings report on Wednesday, October 24th.

According to Zacks, analysts expect that Silicon Laboratories will report full year earnings of $3.74 per share for the current fiscal year, with EPS estimates ranging from $3.69 to $3.79. For the next financial year, analysts anticipate that the business will post earnings of $4.13 per share, with EPS estimates ranging from $3.85 to $4.35. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for Silicon Laboratories.

Silicon Laboratories (NASDAQ:SLAB) last posted its quarterly earnings results on Wednesday, July 25th. The semiconductor company reported $0.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.08. The business had revenue of $217.10 million during the quarter, compared to analysts’ expectations of $214.24 million. Silicon Laboratories had a net margin of 6.78% and a return on equity of 11.90%. The business’s quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter last year, the company posted $0.79 earnings per share.

A number of research analysts have issued reports on SLAB shares. BidaskClub cut shares of Silicon Laboratories from a “hold” rating to a “sell” rating in a report on Saturday, September 8th. Loop Capital decreased their price target on shares of Silicon Laboratories to $110.00 and set a “hold” rating for the company in a report on Thursday, July 26th. Zacks Investment Research cut shares of Silicon Laboratories from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 27th. Roth Capital raised their price target on shares of Silicon Laboratories from $110.00 to $125.00 and gave the stock a “buy” rating in a report on Monday, June 11th. Finally, Stifel Nicolaus raised their price target on shares of Silicon Laboratories from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, June 15th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $112.73.

Shares of NASDAQ SLAB traded up $0.70 during midday trading on Tuesday, reaching $93.70. The company had a trading volume of 169,900 shares, compared to its average volume of 253,559. The stock has a market cap of $4.10 billion, a P/E ratio of 39.87, a P/E/G ratio of 2.27 and a beta of 1.51. Silicon Laboratories has a 1 year low of $77.55 and a 1 year high of $110.70. The company has a current ratio of 5.58, a quick ratio of 4.95 and a debt-to-equity ratio of 0.34.

In other news, Director William P. Wood sold 5,442 shares of the stock in a transaction on Monday, July 2nd. The shares were sold at an average price of $98.33, for a total value of $535,111.86. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Sumit Sadana sold 5,500 shares of the stock in a transaction on Monday, August 13th. The stock was sold at an average price of $95.56, for a total transaction of $525,580.00. Following the completion of the sale, the director now owns 5,313 shares in the company, valued at approximately $507,710.28. The disclosure for this sale can be found here. Insiders sold 16,864 shares of company stock worth $1,636,676 in the last quarter. Company insiders own 1.96% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Hermes Investment Management Ltd. grew its position in Silicon Laboratories by 2.6% during the second quarter. Hermes Investment Management Ltd. now owns 707,061 shares of the semiconductor company’s stock valued at $70,423,000 after buying an additional 17,933 shares during the period. FMR LLC grew its position in Silicon Laboratories by 1.2% during the second quarter. FMR LLC now owns 6,484,660 shares of the semiconductor company’s stock valued at $645,872,000 after buying an additional 75,633 shares during the period. Van Berkom & Associates Inc. grew its position in Silicon Laboratories by 0.7% during the second quarter. Van Berkom & Associates Inc. now owns 722,082 shares of the semiconductor company’s stock valued at $71,919,000 after buying an additional 4,951 shares during the period. Retirement Systems of Alabama grew its position in Silicon Laboratories by 0.7% during the second quarter. Retirement Systems of Alabama now owns 110,104 shares of the semiconductor company’s stock valued at $10,966,000 after buying an additional 743 shares during the period. Finally, Amalgamated Bank grew its position in Silicon Laboratories by 15.9% during the second quarter. Amalgamated Bank now owns 7,001 shares of the semiconductor company’s stock valued at $697,000 after buying an additional 962 shares during the period. Hedge funds and other institutional investors own 91.45% 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, such as 8-bit mixed-signal, 32-bit wireless, and ultra-low-power 32-bit microcontrollers; wireless connectivity devices, including multiprotocol wireless Gecko system-on-chip devices; real-time operating systems; sensor products comprising optical, relative humidity/temperature, and hall effect magnetic sensors.

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