Silicon Laboratories, Inc. (NASDAQ:SLAB) CEO George Tyson Tuttle sold 13,594 shares of the company’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $80.07, for a total transaction of $1,088,471.58. Following the completion of the transaction, the chief executive officer now directly owns 183,592 shares in the company, valued at $14,700,211.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

George Tyson Tuttle also recently made the following trade(s):

  • On Wednesday, September 20th, George Tyson Tuttle sold 7,693 shares of Silicon Laboratories stock. The stock was sold at an average price of $80.01, for a total transaction of $615,516.93.
  • On Monday, September 18th, George Tyson Tuttle sold 3,713 shares of Silicon Laboratories stock. The stock was sold at an average price of $80.00, for a total transaction of $297,040.00.

Silicon Laboratories, Inc. (NASDAQ:SLAB) traded up 0.88% during trading on Friday, reaching $80.15. 216,750 shares of the company’s stock traded hands. Silicon Laboratories, Inc. has a 12 month low of $55.04 and a 12 month high of $80.50. The firm has a market cap of $3.41 billion, a PE ratio of 47.79 and a beta of 1.25. The firm has a 50 day moving average price of $75.48 and a 200-day moving average price of $72.76.

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

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Hedge funds have recently modified their holdings of the business. Quantbot Technologies LP acquired a new stake in Silicon Laboratories in the 2nd quarter valued at $102,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Silicon Laboratories by 10.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,623 shares of the semiconductor company’s stock valued at $111,000 after buying an additional 148 shares during the last quarter. Riverhead Capital Management LLC increased its stake in Silicon Laboratories by 76.7% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,297 shares of the semiconductor company’s stock valued at $157,000 after buying an additional 997 shares during the last quarter. Pier 88 Investment Partners LLC acquired a new stake in Silicon Laboratories in the 2nd quarter valued at $187,000. Finally, BT Investment Management Ltd acquired a new stake in Silicon Laboratories in the 2nd quarter valued at $202,000. Hedge funds and other institutional investors own 88.98% of the company’s stock.

A number of research firms have recently weighed in on SLAB. Zacks Investment Research raised shares of Silicon Laboratories from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research note on Wednesday. B. Riley reaffirmed a “buy” rating and issued a $90.00 price target on shares of Silicon Laboratories in a research note on Friday, July 28th. Needham & Company LLC reaffirmed a “buy” rating and issued a $85.00 price target on shares of Silicon Laboratories in a research note on Monday, September 18th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $85.00 price target (up from $82.00) on shares of Silicon Laboratories in a research note on Thursday, July 27th. Finally, BidaskClub raised shares of Silicon Laboratories from a “hold” rating to a “buy” rating in a research note on Wednesday, August 16th. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. Silicon Laboratories has a consensus rating of “Buy” and a consensus target price of $80.70.

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)

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