Silicon Laboratories, Inc. (NASDAQ:SLAB) CFO John C. Hollister sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 18th. The stock was sold at an average price of $88.45, for a total value of $176,900.00. Following the transaction, the chief financial officer now directly owns 64,767 shares of the company’s stock, valued at approximately $5,728,641.15. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of Silicon Laboratories, Inc. (NASDAQ SLAB) traded up 0.57% during midday trading on Friday, hitting $88.50. The stock had a trading volume of 56,208 shares. Silicon Laboratories, Inc. has a 52 week low of $57.50 and a 52 week high of $89.30. The firm has a market cap of $3.77 billion, a P/E ratio of 52.77 and a beta of 1.28. The company’s 50 day moving average is $80.89 and its 200 day moving average is $74.56.
Silicon Laboratories (NASDAQ:SLAB) last announced its earnings results on Wednesday, July 26th. The semiconductor company reported $0.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.08. The company had revenue of $190.10 million for the quarter, compared to analysts’ expectations of $186.46 million. Silicon Laboratories had a return on equity of 11.15% and a net margin of 9.88%. Silicon Laboratories’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.75 earnings per share. On average, equities analysts predict that Silicon Laboratories, Inc. will post $3.06 earnings per share for the current fiscal year.
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A number of equities analysts have weighed in on SLAB shares. BidaskClub raised Silicon Laboratories from a “hold” rating to a “buy” rating in a research report on Wednesday, August 16th. Zacks Investment Research raised Silicon Laboratories from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a research report on Thursday, August 3rd. B. Riley reaffirmed a “buy” rating and set a $90.00 price target on shares of Silicon Laboratories in a research report on Friday, July 28th. Stifel Nicolaus reaffirmed a “buy” rating and set a $85.00 price target (up previously from $82.00) on shares of Silicon Laboratories in a research report on Thursday, July 27th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $85.00 price target (up previously from $80.00) on shares of Silicon Laboratories in a research report on Thursday, July 27th. Ten research analysts have rated the stock with a buy rating, Silicon Laboratories presently has a consensus rating of “Buy” and an average price target of $88.00.
Several large investors have recently made changes to their positions in the stock. Karp Capital Management Corp bought a new stake in Silicon Laboratories during the first quarter worth $417,000. JPMorgan Chase & Co. lifted its holdings in Silicon Laboratories by 160.7% during the first quarter. JPMorgan Chase & Co. now owns 114,033 shares of the semiconductor company’s stock worth $8,387,000 after acquiring an additional 70,286 shares during the period. Stifel Financial Corp lifted its holdings in Silicon Laboratories by 16.2% during the first quarter. Stifel Financial Corp now owns 5,515 shares of the semiconductor company’s stock worth $405,000 after acquiring an additional 769 shares during the period. SG Americas Securities LLC lifted its holdings in Silicon Laboratories by 300.9% during the first quarter. SG Americas Securities LLC now owns 7,204 shares of the semiconductor company’s stock worth $530,000 after acquiring an additional 5,407 shares during the period. Finally, Credit Agricole S A lifted its holdings in Silicon Laboratories by 30.8% during the first quarter. Credit Agricole S A now owns 6,244 shares of the semiconductor company’s stock worth $459,000 after acquiring an additional 1,470 shares during the period. 88.99% of the stock is currently owned by institutional investors.
Silicon Laboratories Company Profile
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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