Silicon Laboratories (NASDAQ:SLAB) Issues Q1 Earnings Guidance

Silicon Laboratories (NASDAQ:SLAB) issued an update on its first quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $(0.19)-0.01 for the period, compared to the consensus EPS estimate of ($0.09). The company issued revenue guidance of $170-185 million, compared to the consensus revenue estimate of $175.70 million. Silicon Laboratories also updated its Q1 2025 guidance to -0.190-0.010 EPS.

Silicon Laboratories Price Performance

NASDAQ:SLAB traded up $9.88 during mid-day trading on Wednesday, reaching $146.48. The stock had a trading volume of 150,562 shares, compared to its average volume of 323,554. Silicon Laboratories has a 12 month low of $94.00 and a 12 month high of $154.91. The stock has a market capitalization of $4.75 billion, a PE ratio of -19.81 and a beta of 1.16. The stock has a 50-day simple moving average of $127.54 and a two-hundred day simple moving average of $116.52.

Silicon Laboratories (NASDAQ:SLAB) last released its earnings results on Tuesday, February 4th. The semiconductor company reported ($0.11) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.11). The firm had revenue of $166.25 million for the quarter, compared to analysts’ expectations of $166.09 million. Silicon Laboratories had a negative return on equity of 12.60% and a negative net margin of 46.93%. The business’s revenue for the quarter was up 91.4% on a year-over-year basis. During the same quarter in the previous year, the business posted ($1.19) earnings per share. Equities analysts expect that Silicon Laboratories will post -3.56 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SLAB. Benchmark raised shares of Silicon Laboratories from a “hold” rating to a “buy” rating and set a $160.00 price target for the company in a research note on Wednesday. Stifel Nicolaus raised their target price on Silicon Laboratories from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Needham & Company LLC upped their price target on Silicon Laboratories from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday. StockNews.com raised Silicon Laboratories to a “sell” rating in a research note on Friday, November 8th. Finally, KeyCorp lifted their price objective on Silicon Laboratories from $115.00 to $160.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $136.20.

Insider Activity

In other news, Director William G. Bock sold 2,000 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $140.77, for a total transaction of $281,540.00. Following the completion of the transaction, the director now directly owns 32,115 shares of the company’s stock, valued at $4,520,828.55. This represents a 5.86 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.72% of the stock is currently owned by corporate 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.