Silicon Laboratories (SLAB) was Initiated by ROTH Capital to “Buy”. ROTH Capital advised their investors in a research report released on Sep 29, 2016.
On the company’s financial health, Silicon Laboratories reported $0.75 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.64. The company had revenue of $174.91 million for the quarter, compared to analysts expectations of $170.55 million. The company’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS.
Silicon Laboratories opened for trading at $55.68 and hit $56.66 on the upside on Tuesday, eventually ending the session at $56.45, with a gain of 1.24% or 0.69 points. The heightened volatility saw the trading volume jump to 2,54,944 shares. Company has a market cap of $2,348 M.
In a different news, on Sep 16, 2016, Jack R Lazar (director) sold 4,000 shares at $55.92 per share price. According to the SEC, on Sep 14, 2016, George Tyson Tuttle (CEO) sold 5,761 shares at $54.67 per share price. On Sep 2, 2016, Navdeep S Sooch (director) sold 100,000 shares at $57.20 per share price, according to the Form-4 filing with the securities and exchange commission.
Silicon Laboratories Inc. is a provider of silicon software and solutions for the Internet of things (IoT) Internet infrastructure industrial control consumer and automotive markets. The Company provides customers with advantages in performance energy savings connectivity and design simplicity. It provides developers with the tools and technologies they need to advance from initial idea to final product. The Company operates through mixed-signal analog intensive products consisting of numerous product areas segment. It serves IoT market including connected home smart lighting and smart energy applications. It provides a range of timing and isolation products for infrastructure applications including high-performance clocks and oscillators. It also provides broadcast products such as television tuners and demodulators and automotive radio tuners and access products including subscriber line interface circuits for voice over Internet Protocol and embedded modems.