Silicon Labs Q4 revenue up 25%, slightly beats estimates

Overview

• Wireless technology firm's Q4 revenue slightly beat analyst expectations

• Net income for Q4 missed analyst estimates

• Company cancels earnings call due to pending acquisition by Texas Instruments

Outlook

• Silicon Labs suspends forward-looking guidance due to pending acquisition by Texas Instruments

Result Drivers

• INDUSTRIAL & COMMERCIAL GROWTH - Q4 revenue in Industrial & Commercial segment rose 37% year-over-year, contributing to overall revenue increase

• HOME & LIFE SEGMENT - Q4 revenue in Home & Life segment increased 12% year-over-year, supporting overall revenue growth

• PENDING ACQUISITION - Company canceled earnings call due to pending acquisition by Texas Instruments, impacting forward-looking guidance

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 6 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the semiconductors peer group is "buy."

• Wall Street's median 12-month price target for Silicon Laboratories Inc is $155.00, about 13.5% above its February 3 closing price of $136.62

• The stock recently traded at 51 times the next 12-month earnings vs. a P/E of 60 three months ago

Press Release: ID:nPn8f7R40a

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.