Silicon Laboratories (SLAB) Set to Announce Quarterly Earnings on Monday

Silicon Laboratories (NASDAQ:SLAB) is set to issue its quarterly earnings data after the market closes on Monday, November 4th. Analysts expect the company to announce earnings of ($0.21) per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Silicon Laboratories Stock Performance

Shares of SLAB stock opened at $106.23 on Friday. Silicon Laboratories has a 1 year low of $84.08 and a 1 year high of $154.91. The stock has a market cap of $3.43 billion, a PE ratio of -17.13 and a beta of 1.19. The business’s fifty day moving average is $112.84 and its 200-day moving average is $115.75.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SLAB. StockNews.com raised Silicon Laboratories to a “sell” rating in a research note on Wednesday. Needham & Company LLC reissued a “buy” rating and set a $150.00 price objective on shares of Silicon Laboratories in a research note on Thursday, July 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $138.57.

Insider Transactions at Silicon Laboratories

In other news, SVP Brandon Tolany sold 845 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $115.00, for a total value of $97,175.00. Following the completion of the sale, the senior vice president now 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 filing with the SEC, which is available at this link. 1.72% of the stock is currently 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.