Silicon Laboratories Inc. (NASDAQ:SLAB) Director Jack R. Lazar sold 4,000 shares of the firm’s stock in a transaction on Wednesday, October 5th. The stock was sold at an average price of $60.00, for a total value of $240,000.00. Following the transaction, the director now owns 13,324 shares in the company, valued at $799,440. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Silicon Laboratories Inc. (NASDAQ:SLAB) opened at 59.46 on Friday. The company’s 50-day moving average price is $56.85 and its 200-day moving average price is $50.60. Silicon Laboratories Inc. has a 12-month low of $36.56 and a 12-month high of $60.00. The firm has a market capitalization of $2.47 billion, a price-to-earnings ratio of 67.57 and a beta of 1.42.

Silicon Laboratories (NASDAQ:SLAB) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.11. The business had revenue of $174.90 million for the quarter, compared to analysts’ expectations of $170.52 million. Silicon Laboratories had a return on equity of 8.71% and a net margin of 5.66%. Silicon Laboratories’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.56 earnings per share. Equities analysts expect that Silicon Laboratories Inc. will post $2.54 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Silicon Laboratories (NASDAQ:SLAB)

SLAB has been the topic of a number of recent research reports. Needham & Company LLC reiterated a “hold” rating on shares of Silicon Laboratories in a research note on Wednesday. Zacks Investment Research cut Silicon Laboratories from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 28th. Canaccord Genuity reiterated a “buy” rating and issued a $65.00 target price on shares of Silicon Laboratories in a research note on Wednesday, July 27th. Roth Capital initiated coverage on Silicon Laboratories in a research note on Wednesday, September 28th. They issued a “buy” rating and a $65.00 target price on the stock. Finally, Drexel Hamilton reiterated a “buy” rating and issued a $52.00 target price on shares of Silicon Laboratories in a research note on Thursday, July 28th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $57.91.

A number of hedge funds have recently made changes to their positions in SLAB. Bank of Montreal Can bought a new stake in shares of Silicon Laboratories during the second quarter valued at approximately $132,000. Hermes Investment Management Ltd. raised its stake in shares of Silicon Laboratories by 18.2% in the second quarter. Hermes Investment Management Ltd. now owns 909,087 shares of the company’s stock valued at $44,309,000 after buying an additional 140,260 shares in the last quarter. LS Investment Advisors LLC raised its stake in shares of Silicon Laboratories by 74.3% in the second quarter. LS Investment Advisors LLC now owns 2,336 shares of the company’s stock valued at $114,000 after buying an additional 996 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Silicon Laboratories by 2,034.3% in the second quarter. BNP Paribas Arbitrage SA now owns 18,291 shares of the company’s stock valued at $892,000 after buying an additional 17,434 shares in the last quarter. Finally, Boothbay Fund Management LLC bought a new stake in shares of Silicon Laboratories during the first quarter valued at approximately $298,000. 87.46% of the stock is currently owned by institutional investors and hedge funds.

Silicon Laboratories Company Profile

Silicon Laboratories Inc is a provider of silicon, software and solutions for the Internet of things (IoT), Internet infrastructure, industrial control, consumer and automotive markets. The Company provides customers with advantages in performance, energy savings, connectivity and design simplicity. It provides developers with the tools and technologies they need to advance from initial idea to final product.

5 Day Chart for NASDAQ:SLAB

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