Silicon Laboratories Inc. (NASDAQ:SLAB) Director William G. Bock sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $64.05, for a total value of $192,150.00. Following the sale, the director now directly owns 51,224 shares in the company, valued at $3,280,897.20. The transaction was disclosed in a filing with the SEC, which is available at this link.

Silicon Laboratories Inc. (NASDAQ:SLAB) traded up 1.45% on Thursday, hitting $66.60. The stock had a trading volume of 118,485 shares. Silicon Laboratories Inc. has a 1-year low of $36.56 and a 1-year high of $67.10. The firm has a market cap of $2780.42 billion, a P/E ratio of 59.46 and a beta of 1.16. The firm’s 50-day moving average price is $59.77 and its 200-day moving average price is $53.60.

Silicon Laboratories (NASDAQ:SLAB) last released its earnings results on Wednesday, October 26th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.13. The firm had revenue of $178.10 million for the quarter, compared to analyst estimates of $73.81 million. Silicon Laboratories had a return on equity of 9.80% and a net margin of 6.97%. The company’s revenue was up 14.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.51 EPS. On average, equities research analysts predict that Silicon Laboratories Inc. will post $2.68 earnings per share for the current year.

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

Several hedge funds have recently made changes to their positions in SLAB. FMR LLC raised its stake in shares of Silicon Laboratories by 0.6% in the second quarter. FMR LLC now owns 6,262,668 shares of the company’s stock valued at $305,243,000 after buying an additional 36,554 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Silicon Laboratories by 5.6% in the second quarter. Vanguard Group Inc. now owns 2,940,876 shares of the company’s stock valued at $143,338,000 after buying an additional 155,576 shares during the last quarter. BlackRock Fund Advisors raised its stake in shares of Silicon Laboratories by 6.3% in the third quarter. BlackRock Fund Advisors now owns 2,221,378 shares of the company’s stock valued at $130,617,000 after buying an additional 131,643 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in shares of Silicon Laboratories by 5.6% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,342,300 shares of the company’s stock valued at $65,423,000 after buying an additional 71,200 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its stake in shares of Silicon Laboratories by 0.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,178,013 shares of the company’s stock valued at $69,267,000 after buying an additional 9,022 shares during the last quarter. 89.10% of the stock is currently owned by institutional investors.

Several research firms recently issued reports on SLAB. B. Riley reissued a “buy” rating and set a $72.00 price target on shares of Silicon Laboratories in a research report on Tuesday, November 1st. Drexel Hamilton upped their price target on Silicon Laboratories from $62.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday, October 26th. Zacks Investment Research raised Silicon Laboratories from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a research report on Tuesday, November 1st. MKM Partners raised Silicon Laboratories from a “neutral” rating to a “buy” rating and set a $73.00 price target on the stock in a research report on Thursday, October 27th. Finally, TheStreet raised Silicon Laboratories from a “hold” rating to a “buy” rating in a research report on Wednesday, July 27th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $63.00.

About Silicon Laboratories

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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