Silicon Laboratories Inc. (NASDAQ:SLAB) CEO George Tyson Tuttle sold 5,761 shares of the company’s stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $54.67, for a total value of $314,953.87. Following the sale, the chief executive officer now owns 253,486 shares in the company, valued at approximately $13,858,079.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Silicon Laboratories Inc. (NASDAQ:SLAB) opened at 55.88 on Monday. The company has a market capitalization of $2.32 billion, a price-to-earnings ratio of 63.50 and a beta of 1.33. The firm’s 50-day moving average price is $54.99 and its 200-day moving average price is $49.01. Silicon Laboratories Inc. has a 52 week low of $36.56 and a 52 week high of $58.21.

Silicon Laboratories (NASDAQ:SLAB) last released its earnings results on Wednesday, July 27th. The company reported $0.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.11. Silicon Laboratories had a net margin of 5.66% and a return on equity of 8.71%. The business earned $174.90 million during the quarter, compared to analysts’ expectations of $170.52 million. During the same quarter last year, the company earned $0.56 earnings per share. The firm’s revenue was up 6.1% on a year-over-year basis. On average, equities analysts expect that Silicon Laboratories Inc. will post $2.53 earnings per share for the current year.

Several large investors have recently added to or reduced their stakes in the stock. Arizona State Retirement System boosted its stake in Silicon Laboratories by 5.2% in the first quarter. Arizona State Retirement System now owns 20,365 shares of the company’s stock valued at $916,000 after buying an additional 1,000 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in Silicon Laboratories by 4.7% in the first quarter. Metropolitan Life Insurance Co. NY now owns 65,313 shares of the company’s stock valued at $2,936,000 after buying an additional 2,930 shares during the last quarter. Legal & General Group Plc boosted its stake in Silicon Laboratories by 10.7% in the first quarter. Legal & General Group Plc now owns 10,837 shares of the company’s stock valued at $487,000 after buying an additional 1,051 shares during the last quarter. Bayesian Capital Management LP boosted its stake in Silicon Laboratories by 3.2% in the first quarter. Bayesian Capital Management LP now owns 5,744 shares of the company’s stock valued at $258,000 after buying an additional 178 shares during the last quarter. Finally, Spark Investment Management LLC bought a new stake in Silicon Laboratories during the first quarter valued at $2,468,000. Institutional investors and hedge funds own 88.05% of the company’s stock.

Several analysts have issued reports on SLAB shares. Zacks Investment Research cut Silicon Laboratories from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 29th. B. Riley restated a “buy” rating and set a $64.00 price objective on shares of Silicon Laboratories in a research note on Wednesday, July 27th. Needham & Company LLC restated a “hold” rating on shares of Silicon Laboratories in a research note on Wednesday, July 27th. Canaccord Genuity reaffirmed a “buy” rating and set a $65.00 target price on shares of Silicon Laboratories in a report on Wednesday, July 27th. Finally, Drexel Hamilton reaffirmed a “buy” rating and set a $52.00 target price on shares of Silicon Laboratories in a report on Thursday, July 28th. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Silicon Laboratories has an average rating of “Buy” and an average price target of $57.20.

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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