Silicon Laboratories (NASDAQ:SLAB) CEO Sells $1,739,843.92 in Stock

Silicon Laboratories, Inc. (NASDAQ:SLAB) CEO Robert Matthew Johnson sold 8,024 shares of Silicon Laboratories stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $216.83, for a total transaction of $1,739,843.92. Following the sale, the chief executive officer directly owned 80,519 shares of the company’s stock, valued at $17,458,934.77. The trade was a 9.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Silicon Laboratories Trading Up 0.2%

Shares of NASDAQ SLAB opened at $217.31 on Friday. The firm has a market cap of $7.17 billion, a P/E ratio of -142.03 and a beta of 1.40. Silicon Laboratories, Inc. has a 1-year low of $115.50 and a 1-year high of $218.68. The business’s 50 day moving average is $211.61 and its 200-day moving average is $174.48.

Silicon Laboratories (NASDAQ:SLAB) last announced its earnings results on Tuesday, May 5th. The semiconductor company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.04. The company had revenue of $213.50 million for the quarter, compared to analyst estimates of $214.02 million. Silicon Laboratories had a negative return on equity of 2.18% and a negative net margin of 6.13%.The firm’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter last year, the company earned ($0.08) earnings per share. Analysts forecast that Silicon Laboratories, Inc. will post 0.74 EPS for the current year.

Institutional Trading of Silicon Laboratories

A number of institutional investors have recently modified their holdings of SLAB. Kestra Advisory Services LLC bought a new stake in shares of Silicon Laboratories during the 4th quarter valued at $32,000. EverSource Wealth Advisors LLC increased its holdings in Silicon Laboratories by 45.7% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 274 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 86 shares during the period. UMB Bank n.a. increased its holdings in Silicon Laboratories by 43.9% in the 3rd quarter. UMB Bank n.a. now owns 282 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 86 shares during the period. Covestor Ltd increased its holdings in Silicon Laboratories by 260.3% in the 4th quarter. Covestor Ltd now owns 281 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 203 shares during the period. Finally, Kemnay Advisory Services Inc. bought a new position in Silicon Laboratories in the 4th quarter valued at about $44,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. KeyCorp cut shares of Silicon Laboratories from an “overweight” rating to a “hold” rating in a research report on Wednesday, February 4th. Weiss Ratings reissued a “sell (d-)” rating on shares of Silicon Laboratories in a research report on Friday, March 27th. Needham & Company LLC cut shares of Silicon Laboratories from a “buy” rating to a “hold” rating in a research report on Wednesday, February 4th. Benchmark cut shares of Silicon Laboratories from a “buy” rating to a “hold” rating in a report on Wednesday, February 4th. Finally, Citigroup raised their target price on shares of Silicon Laboratories from $135.00 to $231.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. One research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $170.00.

About Silicon Laboratories

Silicon Laboratories (NASDAQ:SLAB) is a global semiconductor company that develops high-performance analog and mixed-signal integrated circuits, wireless system-on-chips (SoCs), microcontrollers, and radio frequency (RF) solutions. Its product portfolio is tailored to support the Internet of Things (IoT), infrastructure, industrial automation, consumer electronics, automotive, and energy markets. By combining silicon, software, and tools, Silicon Labs aims to accelerate development cycles and deliver low-power, highly integrated solutions that address demanding application requirements.

Founded in 1996 and headquartered in Austin, Texas, Silicon Labs has grown into a multinational organization with engineering and sales operations across North America, Europe, and Asia.