Silicon Labs Reports First Quarter 2024 Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Needham Starts NeoVolta (NEOV) at Buy
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
Needham Upgrades Silicon Labs (SLAB) to Buy
April 25, 2024 5:31 AM EDTNeedham analyst Rajvindra Gill upgraded Silicon Labs (NASDAQ: SLAB) from Hold to Buy with a price target of $150.00.
The analyst comments "We are upgrading SLAB to Buy from Hold as we believe the company is well positioned for the semiconductor cyclical recovery. We... More
Silicon Labs (SLAB) Tops Q1 EPS by 6c, Beats on Revenue; Offers Q2 Revenue Guidance
April 24, 2024 7:06 AM EDTSilicon Labs (NASDAQ: SLAB) reported Q1 EPS of ($0.92), $0.06 better than the analyst estimate of ($0.98). Revenue for the quarter came in at $106 million versus the consensus estimate of $105.04 million.
The company expects second-quarter revenue to be between $135 to $145 million.
For earnings history and earnings-related data on Silicon Labs (SLAB) click here.
... More