Silicon Labs Announces Record IoT Revenue for Third Quarter 2021

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Go back to Silicon Labs Announces Record IoT Revenue for Third Quarter 2021

Silicon Labs (SLAB) PT Raised to $200 at Stifel

October 27, 2021 12:31 PM EDT

Stifel analyst Tore Svanberg raised the price target on Silicon Labs (NASDAQ: SLAB) to $200.00 (from $180.00) while maintaining a Buy rating following results. The analyst cited:

Strong 3Q21 beat. IoT revs (100% of 3Q21 sales) up +9.0% q/q (+50% y/y) on strong broad-based... More

Silicon Labs (SLAB) Tops Q3 EPS by 19c

October 27, 2021 7:15 AM EDT

Silicon Labs (NASDAQ: SLAB) reported Q3 EPS of $0.34, $0.19 better than the analyst estimate of $0.15. Revenue for the quarter came in at $185 million versus the consensus estimate of $175.22 million.

GUIDANCE:

Silicon Labs sees Q4 2021 EPS of $0.50-$0.60, versus the consensus of... More