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SLAB

Silicon Laboratories, Inc.

5/24/2013, 2:15 PM ET

Quote & Headlines Market Currents StockTalk

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Wednesday, April 24, 7:43 AM Silicon Labs (SLAB): Q1 EPS of $0.59 beats by $0.04. Revenue of $145.4M beats by $1.58M. (PR) Comment! [Earnings, Breaking News, Tech]
Friday, February 22, 12:18 PM Silicon Labs (SLAB +0.6%) CFO Paul Walsh is leaving "for another opportunity outside of the semiconductor industry;" he had held the position since '06. Former CFO/board member Bill Block will fill in until a full-time replacement is found. Investors don't seem too bothered by the news. (PR) Comment! [Tech]
Wednesday, January 30, 7:38 AM Silicon Labs (SLAB): Q4 EPS of $0.61 beats by $0.03. Revenue of $152.5M (+20% Y/Y) beats by $4.85M. (PR) Comment! [Earnings, Breaking News, Tech]
Monday, November 26, 2012, 8:13 AM Chip stocks are receiving some sell-side love this morning. 1) Benchmark has raised its rating for the sector to Overweight, citing reasonable inventories and low expectations. 2) Anadigics (ANAD) has received an upgrade to Buy from Needham; the firm says it's now less worried about the chipmaker's cash position, and is encouraged by survey results for its new single-chip Wi-Fi front-end ICs. 3) Pac Crest is launching coverage on Silicon Labs (SLAB) with an Outperform and $48 PT. Comment! [Tech, Quick Ideas]
Wednesday, October 24, 2012, 8:01 AM Silicon Laboratories (SLAB): Q3 EPS of $0.61 beats by $0.08. Revenue of $149.5M (+25% Y/Y) beats by $7M. (PR) Comment! [Earnings, Tech]
Wednesday, July 25, 2012, 8:21 AM Silicon Labs (SLAB): Q2 EPS of $0.51 beats by $0.04. Revenue of $135.7M (+7.5% Y/Y) beats by $3.65M. (PR) Comment! [Earnings, Tech]
Monday, May 21, 2012, 11:12 AM Silicon Labs (SLAB) has acquired Ember, a developer of low-power wireless mesh networking chips based on the ZigBee standard, for $72M in cash. SLAB predicts Ember, whose chips are used in smart grid and home automation systems, will contribute $10M-$12M in 2H revenue, and be accretive to 2013 EPS. The purchase comes as SLAB weighs an exit from the competitive touchscreen controller market. Comment! [Tech, M&A]
Wednesday, April 25, 2012, 3:28 PM The selloff in Silicon Labs (SLAB -17.2%) is attributed to hints the company may exit one of its biggest growth plays. SLAB says it is looking at its touch controllers for smartphones "through a strategic lens," citing increased competition in Asia. While sales volume for the market is attractive, the associated costs may be growing too big, CEO Tyson Tuttle warns. Comment! [Tech, On the Move]
Wednesday, April 25, 2012, 2:49 PM On a good day for chip stocks (SOXX +1.9%), Silicon Labs (SLAB -14.4%) is a very notable exception. The selloff is occurring even though the company's Q1 results beat estimates, and its guidance for Q2 revenue of $129.5M-$134.5M is largely above a $129.7M consensus. Shares were already underperforming in 2012 after rallying last fall. Comment! [Tech, On the Move]
Wednesday, April 25, 2012, 9:08 AM Silicon Laboratories (SLAB): Q1 EPS of $0.43 beats by $0.02. Revenue of $125.7M (+5.1% Y/Y) beats by $2M. (PR) Comment! [Earnings, Tech]
Wednesday, April 11, 2012, 10:16 AM Silicon Laboratories (SLAB +5.8%) gets a bump higher on an upgrade to Buy at Wunderlich. The firm says the recent pullback creates a more favorable risk/reward scenario, and the potential upside to its earnings estimates makes the stock attractive at these levels. The firm also upped its price target to $50 from $44. Worth noting: Recent weakness has put the stock at the bottom of a trading range it's held since last November. Comment! [Tech, On the Move]
Wednesday, March 21, 2012, 10:38 AM Silicon Labs (SLAB +2%) gets a boost from an upgrade to Buy at UBS, saying its new CEO will refine its growth strategy and improve R&D efficiency in order to drive operating leverage. The firm also raises its price target to $50 from $48. Comment! [Tech, On the Move]
Thursday, March 1, 2012, 4:26 PM Silicon Labs (SLAB) announces CEO Necip Sayiner, who has held the top job since Sep. '05, will be stepping down on April 18, the day before the company's annual shareholder meeting. COO and ex-engineer Tyson Tuttle will be taking over. Comment! [Tech]
Wednesday, January 25, 2012, 2:37 PM Silicon Laboratories (SLAB -1.6%) dips after its Q4 EPS comes up short of estimates. Net earnings slipped, albeit only slightly, on declining margins, which have been hurt by weak demand as customers grow cautious about building inventory in light of the uncertain global economy. Comment! [Tech, On the Move]
Wednesday, January 25, 2012, 7:56 AM Silicon Labs (SLAB): Q4 EPS of $0.49 misses by $0.06. Revenue of $126.9M (+13% Y/Y) beats by $8M. (PR) Comment! [Earnings, Healthcare]
Thursday, December 8, 2011, 10:36 AM UBS' Steven Eliscu is downgrading Silicon Labs (SLAB +0.5%), whose shares have outperformed the chip sector over the last few months, to Neutral. His reasons: the company is heavily exposed to a consumer sector vulnerable to weak pricing; its sales of multi-application chips are "likely to see limited upside;" and its valuation is at a slight premium to historical norms (in stark contrast to other tech names). Comment! [Tech, Quick Ideas]