Silicon Laboratories (NASDAQ:SLAB) Director William P. Wood sold 5,000 shares of the stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $73.60, for a total transaction of $368,000.00. Following the transaction, the director now owns 32,824 shares in the company, valued at $2,415,846.40. The sale was disclosed in a filing with the SEC, which is available through this link.
Shares of Silicon Laboratories (NASDAQ:SLAB) traded down 1.38% during trading on Friday, hitting $71.70. 98,793 shares of the company traded hands. The company has a 50-day moving average of $71.20 and a 200-day moving average of $66.81. Silicon Laboratories has a 52-week low of $44.52 and a 52-week high of $75.60. The stock has a market capitalization of $3.00 billion, a PE ratio of 49.45 and a beta of 1.21.
Silicon Laboratories (NASDAQ:SLAB) last released its quarterly earnings data on Wednesday, February 1st. The semiconductor company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.10. The company had revenue of $183 million for the quarter, compared to the consensus estimate of $178.57 million. Silicon Laboratories had a return on equity of 10.88% and a net margin of 8.81%. The company’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same period last year, the business posted $0.63 EPS. Equities analysts expect that Silicon Laboratories will post $2.88 EPS for the current year.
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A number of analysts have recently weighed in on SLAB shares. Zacks Investment Research upgraded shares of Silicon Laboratories from a “hold” rating to a “strong-buy” rating and set a $84.00 price target on the stock in a report on Wednesday, February 8th. B. Riley restated a “buy” rating and issued a $81.00 price target on shares of Silicon Laboratories in a report on Wednesday, February 1st. DA Davidson restated a “buy” rating and issued a $80.00 price target (up from $77.00) on shares of Silicon Laboratories in a report on Monday, March 6th. Drexel Hamilton raised their price target on shares of Silicon Laboratories from $72.00 to $77.00 and gave the company a “buy” rating in a report on Wednesday, February 1st. Finally, Needham & Company LLC upgraded shares of Silicon Laboratories from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a report on Wednesday, February 1st. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Silicon Laboratories has an average rating of “Buy” and a consensus price target of $70.31.
Several institutional investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Silicon Laboratories during the fourth quarter worth approximately $24,416,000. GW&K Investment Management LLC purchased a new position in Silicon Laboratories during the first quarter worth approximately $26,565,000. UBS Asset Management Americas Inc. increased its position in Silicon Laboratories by 147.1% in the third quarter. UBS Asset Management Americas Inc. now owns 476,202 shares of the semiconductor company’s stock worth $28,001,000 after buying an additional 283,471 shares during the period. Prudential Financial Inc. increased its position in Silicon Laboratories by 505.5% in the third quarter. Prudential Financial Inc. now owns 247,413 shares of the semiconductor company’s stock worth $14,548,000 after buying an additional 206,550 shares during the period. Finally, BlackRock Fund Advisors increased its position in Silicon Laboratories by 6.3% in the third quarter. BlackRock Fund Advisors now owns 2,221,378 shares of the semiconductor company’s stock worth $130,617,000 after buying an additional 131,643 shares during the period. Institutional investors own 89.20% of the company’s stock.
About Silicon Laboratories
Silicon Laboratories Inc is a provider of silicon, software and solutions for the Internet of Things (IoT), Internet infrastructure, industrial, consumer and automotive markets. The Company operates through mixed-signal analog intensive products segment. It provides analog-intensive, mixed-signal solutions for use in a range of electronic products in various applications for the IoT market.
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