Date | Price Target | Rating | Analyst |
---|---|---|---|
4/25/2024 | $155.00 → $145.00 | Buy | TD Cowen |
4/25/2024 | $150.00 | Hold → Buy | Needham |
4/24/2024 | Buy → Hold | Summit Insights | |
2/8/2024 | $140.00 → $155.00 | Outperform | TD Cowen |
12/8/2023 | $145.00 | Overweight | JP Morgan |
11/1/2023 | Underweight → Equal Weight | Barclays | |
7/7/2023 | Mkt Perform | Raymond James | |
2/2/2023 | Hold → Buy | Summit Insights |
TD Cowen reiterated coverage of Silicon Labs with a rating of Buy and set a new price target of $145.00 from $155.00 previously
Needham upgraded Silicon Labs from Hold to Buy and set a new price target of $150.00
Summit Insights downgraded Silicon Labs from Buy to Hold
4 - SILICON LABORATORIES INC. (0001038074) (Issuer)
4 - SILICON LABORATORIES INC. (0001038074) (Issuer)
4 - SILICON LABORATORIES INC. (0001038074) (Issuer)
Needham analyst Quinn Bolton reiterates Silicon Laboratories (NASDAQ:SLAB) with a Buy and maintains $150 price target.
Fabless global technology company Silicon Laboratories Inc (NASDAQ:SLAB) reported fiscal second-quarter 2024 sales of $145.37 million, down 40.6% year-over-year, beating the analyst consensus estimate of $140.16 million. The fabless global technology company’s adjusted EPS loss of 56 cents beat the analyst consensus loss estimate of $(0.64). Margins: Adjusted gross margin of 53% and adjusted operating margin loss of 17.3% fell from 58.9% and 16.3% a year ago, respectively. Industrial & Commercial revenue for the quarter was $88 million, down from $165 million a year ago. Home & Life revenue for the quarter was $57 million, down from $80 million a year earlier. CEO Matt Johnson
Business OutlookThe company expects third-quarter revenue to be between $160 to $170 million. The company also estimates the following results:On a GAAP basis:GAAP gross margin to be between 54% to 56%GAAP operating expenses of approximately $123 million to $125 millionGAAP diluted loss per share per share between $(0.95) to $(1.25)
SC 13G/A - SILICON LABORATORIES INC. (0001038074) (Subject)
SC 13G/A - SILICON LABORATORIES INC. (0001038074) (Subject)
SC 13G/A - SILICON LABORATORIES INC. (0001038074) (Subject)
AUSTIN, Texas, April 24, 2024 /PRNewswire/ -- Silicon Labs (NASDAQ:SLAB), a leader in secure, intelligent wireless technology for a more connected world, today announced the appointment of industry veteran Bob Conrad as its Senior Vice President of Worldwide Operations. Conrad transitions from his current role serving on Silicon Labs' Board of Directors and brings over 40 years of experience in the semiconductor industry to his new position. With a distinguished career that includes leadership roles at Texas Instruments, Analog Devices, Fairchild Semiconductor, Freescale, and NXP Semiconductors, Conrad's extensive background will bolster Silicon Labs' global operations as the company advance
AUSTIN, Texas, April 19, 2024 /PRNewswire/ -- Silicon Labs (NASDAQ:SLAB), a leader in secure, intelligent wireless technology for a more connected world, today announced Radhika Chennakeshavula will join the company as Chief Information Officer (CIO), effective April 24, 2024. Chennakeshavula will drive Silicon Labs' digital transformation strategy, as well as oversee IT operations, enterprise applications and data analytics. Chennakeshavula previously served as the VP of Infrastructure Operations and Engineering Services at Western Digital, where she successfully led the infr
John Hollister will depart to join partner GlobalFoundries as CFO; CAO Mark Mauldin to be named interim CFO AUSTIN, Texas, Dec. 11, 2023 /PRNewswire/ -- Silicon Labs (NASDAQ:SLAB), a leader in secure, intelligent wireless technology for a more connected world, announced that John Hollister will step down as chief financial officer (CFO) to join partner GlobalFoundries as its CFO. Mark Mauldin, Silicon Labs' chief accounting officer, will work closely with Hollister to transition responsibilities and will be named interim chief financial officer when the handover is completed by February 2, 2024. Silicon Labs is conducting a search for a new CFO to continue to scale the company as a leader in
Breakthrough Hardware and Software Boosts Bluetooth Device Ranging Accuracy and Security AUSTIN, Texas, Sept. 3, 2024 /PRNewswire/ -- Silicon Labs (NASDAQ:SLAB), a leader in secure, intelligent wireless technology for a more connected world, today announced its support for Bluetooth® Channel Sounding technology on the xG24 platform. Bluetooth® Channel Sounding is a new protocol stack designed to enable secure and precise distance measurement between two Bluetooth Low Energy (LE) connected devices. By offering true distance awareness, Bluetooth® Channel Sounding enhances the ac
AUSTIN, Texas, Aug. 29, 2024 /PRNewswire/ -- Silicon Labs (NASDAQ:SLAB), a leader in secure, intelligent wireless technology for a more connected world, today announced that the company will present at Citi's Global TMT Conference on Wednesday, September 4, 2024, at The Lotte New York Palace Hotel in New York City. Silicon Labs President and CEO Matt Johnson is scheduled to participate in a fireside chat at 3:00 p.m. Eastern Time. The discussion will be webcast on the Investor Relations page of the company website at silabs.com. Silicon Labs Silicon Labs (NASDAQ:SLAB) is a lea
AUSTIN, Texas, Aug. 19, 2024 /PRNewswire/ -- Silicon Labs (NASDAQ:SLAB), a leader in secure, intelligent wireless technology for a more connected world, today announced that Chief Financial Officer Dean Butler will participate in the following upcoming investor conferences later this month: August 22, 2024: Needham Virtual Semiconductor & SemiCap 1x1 ConferenceAugust 27, 2024: Jefferies Semiconductor, IT Hardware & Communications Technology Conference in Chicago, ILAugust 28, 2024: Evercore ISI Semiconductor, IT Hardware & Networking ConferenceSilicon Labs Silicon Labs (NASDAQ
10-Q - SILICON LABORATORIES INC. (0001038074) (Filer)
8-K - SILICON LABORATORIES INC. (0001038074) (Filer)
8-K - SILICON LABORATORIES INC. (0001038074) (Filer)
Wireless IoT leader delivers strong second-quarter growth AUSTIN, Texas, July 24, 2024 /PRNewswire/ -- Silicon Labs (NASDAQ:SLAB), a leader in secure, intelligent wireless technology for a more connected world, reported financial results for the second quarter, which ended June 29, 2024. "Silicon Labs delivered another quarter of strong sequential growth, driven by a combination of design wins ramping to production in several key growth areas, and end customers working down their excess inventory," said Matt Johnson, President and Chief Executive Officer at Silicon Labs. "Look
AUSTIN, Texas, July 15, 2024 /PRNewswire/ -- Silicon Labs (NASDAQ:SLAB), a leader in secure, intelligent wireless technology for a more connected world, today announced that it plans to release second quarter 2024 financial results on Wednesday, July 24, 2024. An earnings conference call will follow the release at 7:30 a.m. Central Time. The call will be streamed from the Investor Relations section of the company's website at silabs.com. A replay will be available after the call on the investor page of the company's website at silabs.com. The replay will be available through A
Wireless IoT leader sees sequential revenue growth accelerating into the second quarter AUSTIN, Texas, April 24, 2024 /PRNewswire/ -- Silicon Labs (NASDAQ:SLAB), a leader in secure, intelligent wireless technology for a more connected world, reported financial results for the first quarter, which ended March 30, 2024. "Silicon Labs delivered strong sequential growth in the first quarter, driven by progress in end-customer inventory destocking in both the Home & Life and Industrial & Customer business units," said Matt Johnson, President and Chief Executive Officer at Silicon