Silicon Laboratories, Inc.

Silicon Laboratories, Inc. (SLAB - Snapshot Report) is up more than 100% in the last 6 months but still boats a bullish 38% next-year growth projection.

Company Description

Silicon Laboratories Inc. designs and develops analog intensive and mixed signal integrated circuits. The company's products are used in a number of devices such as radios, satellites and portable devices. Silicon Labs was founded in 1996 and has a market cap of $2 billion.

Shares of SLAB have posted huge gains over the last 6 months on the heels of an improving economy and solid second-quarter results, reported on July 29.

Second-Quarter Results

Sales were up 25% from last year to $104.2 million. EPS also came in strong at 21 cents per share, 4 cents ahead of the Zacks Consensus Estimate.

Estimates Jump

After word of the good quarter hit the Street, estimates jumped higher. The current year added 15 cents and rose to $1.01. The next-year estimate added 18 cents, advancing to $1.40, a 38% growth projection.

Valuation

After the big run up, this stock does not come cheap, trading at 44X projected current-year earnings.

The Chart

Shares of SLAB have been rallying since late last year after bottoming out just above $17 before recently topping off above $49. Take a look below.

Read the full analyst report on SLAB