Silicon Laboratories Inc. (NASDAQ:SLAB) Director Sells $61,300.80 in Stock

Silicon Laboratories Inc. (NASDAQ:SLAB – Get Rating) Director Nina Richardson sold 473 shares of the business’s stock in a transaction that occurred on Friday, April 22nd. The stock was sold at an average price of $129.60, for a total value of $61,300.80. Following the completion of the sale, the director now owns 8,171 shares of the company’s stock, valued at approximately $1,058,961.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of SLAB traded up $3.42 during mid-day trading on Monday, hitting $130.64. 20,192 shares of the company’s stock traded hands, compared to its average volume of 405,360. Silicon Laboratories Inc. has a 1 year low of $120.15 and a 1 year high of $211.98. The firm has a market capitalization of $4.99 billion, a P/E ratio of 2.73 and a beta of 1.24. The business’s 50-day moving average price is $145.19 and its 200-day moving average price is $169.65.

Silicon Laboratories (NASDAQ:SLAB – Get Rating) last issued its quarterly earnings results on Wednesday, February 2nd. The semiconductor company reported $0.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.20. The company had revenue of $208.68 million for the quarter, compared to analysts’ expectations of $200.15 million. Silicon Laboratories had a return on equity of 4.49% and a net margin of 258.69%. The firm’s revenue for the quarter was up 43.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.56 earnings per share. Equities research analysts forecast that Silicon Laboratories Inc. will post 1.56 EPS for the current year.

A number of hedge funds have recently modified their holdings of SLAB. First Trust Advisors LP purchased a new stake in Silicon Laboratories in the first quarter worth $1,891,000. U.S. Capital Wealth Advisors LLC purchased a new stake in shares of Silicon Laboratories in the third quarter worth $301,000. Mount Yale Investment Advisors LLC purchased a new stake in shares of Silicon Laboratories in the third quarter worth $244,000. Victory Capital Management Inc. grew its stake in shares of Silicon Laboratories by 15.6% in the third quarter. Victory Capital Management Inc. now owns 500,949 shares of the semiconductor company’s stock worth $70,213,000 after acquiring an additional 67,548 shares during the last quarter. Finally, Raymond James & Associates grew its stake in shares of Silicon Laboratories by 5.5% in the third quarter. Raymond James & Associates now owns 32,028 shares of the semiconductor company’s stock worth $4,489,000 after acquiring an additional 1,660 shares during the last quarter. 95.97% of the stock is currently owned by institutional investors.

A number of research firms recently weighed in on SLAB. Needham & Company LLC boosted their target price on Silicon Laboratories from $210.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, March 7th. Zacks Investment Research downgraded Silicon Laboratories from a “buy” rating to a “hold” rating in a research report on Wednesday, April 6th. Barclays boosted their price objective on Silicon Laboratories from $160.00 to $185.00 in a research report on Wednesday, January 12th. StockNews.com initiated coverage on Silicon Laboratories in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Morgan Stanley lowered their price objective on Silicon Laboratories from $208.00 to $156.00 and set an “equal weight” rating for the company in a research report on Monday. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Silicon Laboratories currently has an average rating of “Hold” and a consensus price target of $188.89.

About Silicon Laboratories (Get Rating)

Silicon Laboratories Inc, a fabless semiconductor company, provides mixed-signal integrated circuits (ICs) in the United States, China, and internationally. The company offers microcontrollers and wireless products, including 8-bit mixed-signal and ultra-low-power 32-bit microcontrollers (MCU); wireless MCU connectivity solutions; single and multi-protocol system-on-chip (SoC) devices and modules; wireless protocols, MCUs, and SoCs; in-house protocol stacks; Micrium, a real-time operating system that helps simplify software development for IoT developers.It also provides sensor products comprising optical, relative humidity/temperature, and hall effect magnetic sensors; timing devices; multi-channel isolators, isolated drivers, isolated power converters, and mixed-signal devices; broadcast products, which include single-chip hybrid TV tuners and digital video demodulators, as well as AM/FM, HD radio, and DAB/DAB+ receivers; and hybrid software defined radio tuners, data receivers, and digital radio coprocessors.

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