Silicon Laboratories, Inc. (NASDAQ:SLAB) Director William P. Wood sold 5,000 shares of the stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $76.48, for a total value of $382,400.00. Following the transaction, the director now directly owns 30,526 shares in the company, valued at approximately $2,334,628.48. The transaction was disclosed in a filing with the SEC, which is available at this link.

Shares of Silicon Laboratories, Inc. (NASDAQ SLAB) opened at 74.65 on Friday. The firm has a market cap of $3.18 billion, a price-to-earnings ratio of 44.51 and a beta of 1.25. Silicon Laboratories, Inc. has a 52-week low of $54.30 and a 52-week high of $79.15. The firm has a 50-day moving average price of $74.57 and a 200-day moving average price of $72.39.

Silicon Laboratories (NASDAQ:SLAB) last issued its earnings results on Wednesday, July 26th. The semiconductor company reported $0.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.08. Silicon Laboratories had a return on equity of 11.15% and a net margin of 9.88%. The company had revenue of $190.10 million during the quarter, compared to the consensus estimate of $186.46 million. During the same quarter in the prior year, the business earned $0.75 earnings per share. The company’s revenue was up 8.7% compared to the same quarter last year. Analysts predict that Silicon Laboratories, Inc. will post $3.06 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “William P. Wood Sells 5,000 Shares of Silicon Laboratories, Inc. (SLAB) Stock” was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this report on another site, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The legal version of this report can be accessed at https://www.thecerbatgem.com/2017/09/08/william-p-wood-sells-5000-shares-of-silicon-laboratories-inc-slab-stock.html.

Several hedge funds and other institutional investors have recently modified their holdings of SLAB. Quantbot Technologies LP purchased a new stake in shares of Silicon Laboratories in the second quarter worth about $102,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Silicon Laboratories by 10.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,623 shares of the semiconductor company’s stock worth $111,000 after buying an additional 148 shares during the period. Bronfman E.L. Rothschild L.P. boosted its position in shares of Silicon Laboratories by 3.0% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,685 shares of the semiconductor company’s stock worth $124,000 after buying an additional 49 shares during the period. Riverhead Capital Management LLC boosted its position in shares of Silicon Laboratories by 76.7% in the second quarter. Riverhead Capital Management LLC now owns 2,297 shares of the semiconductor company’s stock worth $157,000 after buying an additional 997 shares during the period. Finally, Pier 88 Investment Partners LLC purchased a new stake in shares of Silicon Laboratories in the second quarter worth about $187,000. 88.98% of the stock is owned by institutional investors.

Several equities analysts recently issued reports on SLAB shares. Stifel Nicolaus reissued a “buy” rating and set a $82.00 target price on shares of Silicon Laboratories in a research note on Tuesday, June 6th. BidaskClub lowered Silicon Laboratories from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 16th. Zacks Investment Research raised Silicon Laboratories from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. Needham & Company LLC reissued a “buy” rating and set a $85.00 target price (up previously from $80.00) on shares of Silicon Laboratories in a research note on Thursday, July 27th. Finally, B. Riley reissued a “buy” rating and set a $90.00 target price on shares of Silicon Laboratories in a research note on Friday, July 28th. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $80.10.

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.

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

Receive News & Stock Ratings for Silicon Laboratories Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Silicon Laboratories Inc. and related stocks with our FREE daily email newsletter.