Silicon Laboratories (NASDAQ:SLAB) SVP Alessandro Piovaccari sold 1,607 shares of the company’s stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $94.50, for a total value of $151,861.50. Following the sale, the senior vice president now owns 31,074 shares of the company’s stock, valued at approximately $2,936,493. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Alessandro Piovaccari also recently made the following trade(s):

  • On Monday, July 16th, Alessandro Piovaccari sold 1,910 shares of Silicon Laboratories stock. The stock was sold at an average price of $104.24, for a total value of $199,098.40.
  • On Friday, June 15th, Alessandro Piovaccari sold 1,910 shares of Silicon Laboratories stock. The stock was sold at an average price of $107.84, for a total value of $205,974.40.

Shares of SLAB opened at $95.35 on Friday. Silicon Laboratories has a 12 month low of $71.75 and a 12 month high of $110.70. The company has a quick ratio of 4.95, a current ratio of 5.58 and a debt-to-equity ratio of 0.34. The firm has a market cap of $4.15 billion, a PE ratio of 40.57, a price-to-earnings-growth ratio of 2.30 and a beta of 1.49.

Silicon Laboratories (NASDAQ:SLAB) last issued its quarterly earnings data on Wednesday, July 25th. The semiconductor company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.84 by $0.08. Silicon Laboratories had a return on equity of 11.90% and a net margin of 6.78%. The firm had revenue of $217.10 million during the quarter, compared to analyst estimates of $214.24 million. During the same quarter in the prior year, the business posted $0.79 EPS. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. analysts forecast that Silicon Laboratories will post 2.78 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the company. OLD National Bancorp IN purchased a new stake in shares of Silicon Laboratories during the 2nd quarter valued at $210,000. World Asset Management Inc purchased a new stake in shares of Silicon Laboratories during the 2nd quarter valued at $212,000. Wrapmanager Inc. purchased a new stake in shares of Silicon Laboratories during the 2nd quarter valued at $212,000. Verition Fund Management LLC purchased a new stake in shares of Silicon Laboratories during the 2nd quarter valued at $227,000. Finally, Lido Advisors LLC purchased a new stake in shares of Silicon Laboratories during the 1st quarter valued at $207,000. Hedge funds and other institutional investors own 89.01% of the company’s stock.

SLAB has been the subject of a number of analyst reports. ValuEngine lowered Silicon Laboratories from a “buy” rating to a “hold” rating in a report on Monday, April 23rd. B. Riley upped their target price on Silicon Laboratories from $115.00 to $118.00 and gave the stock a “buy” rating in a report on Thursday, April 26th. Needham & Company LLC restated a “buy” rating and set a $115.00 target price on shares of Silicon Laboratories in a report on Thursday, April 26th. Zacks Investment Research upgraded Silicon Laboratories from a “hold” rating to a “strong-buy” rating and set a $107.00 target price for the company in a report on Wednesday, May 2nd. Finally, BidaskClub upgraded Silicon Laboratories from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 5th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Silicon Laboratories has a consensus rating of “Buy” and a consensus target price of $112.73.

About Silicon Laboratories

Silicon Laboratories Inc, a fabless semiconductor company, designs, develops, and markets mixed-signal integrated circuits (ICs) in the United States, China, and internationally. The company offers Internet of things products, such as 8-bit mixed-signal, 32-bit wireless, and ultra-low-power 32-bit microcontrollers; wireless connectivity devices, including multiprotocol wireless Gecko system-on-chip devices; real-time operating systems; sensor products comprising optical, relative humidity/temperature, and hall effect magnetic sensors.

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