Silicon Laboratories, Inc. (SLAB) Director William P. Wood Sells 5,000 Shares of Stock
Silicon Laboratories, Inc. (NASDAQ:SLAB) Director William P. Wood sold 5,000 shares of the company’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $92.50, for a total value of $462,500.00. Following the completion of the transaction, the director now directly owns 30,526 shares in the company, valued at $2,823,655. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of Silicon Laboratories, Inc. (NASDAQ:SLAB) opened at $94.60 on Tuesday. The company has a quick ratio of 5.20, a current ratio of 5.66 and a debt-to-equity ratio of 0.40. Silicon Laboratories, Inc. has a 52-week low of $58.39 and a 52-week high of $95.55. The company has a market capitalization of $3,999.00, a P/E ratio of 41.21, a price-to-earnings-growth ratio of 2.78 and a beta of 1.40.
Silicon Laboratories (NASDAQ:SLAB) last announced its quarterly earnings data on Wednesday, October 25th. The semiconductor company reported $0.90 EPS for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.09. The company had revenue of $198.70 million during the quarter, compared to the consensus estimate of $196.20 million. Silicon Laboratories had a return on equity of 11.06% and a net margin of 9.60%. The company’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter last year, the company earned $0.77 EPS. sell-side analysts expect that Silicon Laboratories, Inc. will post 2.25 earnings per share for the current fiscal year.
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Several institutional investors have recently bought and sold shares of SLAB. Teachers Advisors LLC lifted its position in shares of Silicon Laboratories by 1.0% during the 1st quarter. Teachers Advisors LLC now owns 313,298 shares of the semiconductor company’s stock worth $23,043,000 after buying an additional 3,234 shares during the period. California Public Employees Retirement System lifted its position in shares of Silicon Laboratories by 0.8% during the 1st quarter. California Public Employees Retirement System now owns 71,900 shares of the semiconductor company’s stock worth $5,288,000 after buying an additional 600 shares during the period. Legal & General Group Plc increased its holdings in Silicon Laboratories by 24.8% during the 1st quarter. Legal & General Group Plc now owns 26,388 shares of the semiconductor company’s stock valued at $1,939,000 after purchasing an additional 5,244 shares in the last quarter. Vanguard Group Inc. increased its holdings in Silicon Laboratories by 5.1% during the 1st quarter. Vanguard Group Inc. now owns 3,292,023 shares of the semiconductor company’s stock valued at $242,129,000 after purchasing an additional 160,997 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in Silicon Laboratories by 10.5% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 235,763 shares of the semiconductor company’s stock valued at $17,341,000 after purchasing an additional 22,411 shares in the last quarter. Institutional investors and hedge funds own 89.02% of the company’s stock.
SLAB has been the topic of several research reports. Canaccord Genuity reaffirmed a “buy” rating and issued a $95.00 target price (up from $85.00) on shares of Silicon Laboratories in a research report on Tuesday, October 10th. B. Riley increased their price objective on Silicon Laboratories from $90.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, October 26th. Zacks Investment Research lowered Silicon Laboratories from a “buy” rating to a “hold” rating in a report on Tuesday, September 19th. Needham & Company LLC reissued a “buy” rating and set a $85.00 price objective (up previously from $80.00) on shares of Silicon Laboratories in a report on Thursday, July 27th. Finally, BidaskClub raised Silicon Laboratories from a “hold” rating to a “buy” rating in a report on Wednesday, August 16th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Silicon Laboratories presently has an average rating of “Buy” and an average target price of $98.89.
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.
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