The semiconductor company reported fourth-quarter earnings of $12.8 million compared with $12.9 million a year earlier. Profit rose on a per-share basis to 29 cents a share from 28 cents. Adjusted earnings, excluding items, in the latest fourth quarter were 49 cents a share.Revenue rose 13% to $126.7 million. Silicon Laboratories said it anticipates that first-quarter revenue will be between $120 million and $125 million. This is a decrease of 1% to 5% sequentially, William Blair analysts wrote in a report. Shares of Silicon Laboratories hit a 52-week high of $48.50 on Wednesday. The stock's 52-week low is $30.36. Silicon Laboratories gets a B- grade from TheStreet Ratings and a price target of $52.31. The stock has increased 7.68% year to date. -- Written by Alexandra Zendrian
>To contact the writer of this article, click here: Alexandra Zendrian >To submit a news tip, send an email to: email@example.com. >To follow the writer on Twitter, go to Alexandra Zendrian.