Silicon Laboratories, Inc. (NASDAQ:SLAB) Director William P. Wood sold 5,000 shares of the stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $81.45, for a total value of $407,250.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Silicon Laboratories, Inc. (SLAB) traded up 0.51% during midday trading on Friday, reaching $87.90. The company’s stock had a trading volume of 190,474 shares. Silicon Laboratories, Inc. has a one year low of $56.70 and a one year high of $88.85. The firm has a 50 day moving average price of $79.29 and a 200 day moving average price of $74.14. The firm has a market cap of $3.74 billion, a P/E ratio of 52.42 and a beta of 1.28.

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

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Several research firms have issued reports on SLAB. Stifel Nicolaus increased their target price on Silicon Laboratories from $85.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday. B. Riley restated a “buy” rating and set a $90.00 target price on shares of Silicon Laboratories in a research report on Friday, July 28th. Canaccord Genuity restated a “buy” rating and set a $95.00 target price (up previously from $85.00) on shares of Silicon Laboratories in a research report on Tuesday. Zacks Investment Research upgraded Silicon Laboratories from a “hold” rating to a “buy” rating and set a $98.00 price objective on the stock in a research report on Saturday. Finally, BidaskClub upgraded Silicon Laboratories from a “hold” rating to a “buy” rating in a research 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 stock. The stock has a consensus rating of “Buy” and an average target price of $86.00.

A number of hedge funds have recently made changes to their positions in the business. Alps Advisors Inc. lifted its stake in Silicon Laboratories by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 6,711 shares of the semiconductor company’s stock worth $459,000 after purchasing an additional 18 shares in the last quarter. Northwestern Mutual Investment Management Company LLC lifted its stake in Silicon Laboratories by 0.3% in the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 7,219 shares of the semiconductor company’s stock worth $531,000 after purchasing an additional 24 shares in the last quarter. Granite Investment Partners LLC lifted its stake in Silicon Laboratories by 0.4% in the 2nd quarter. Granite Investment Partners LLC now owns 9,812 shares of the semiconductor company’s stock worth $671,000 after purchasing an additional 38 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Silicon Laboratories by 1.0% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,180 shares of the semiconductor company’s stock worth $422,000 after purchasing an additional 61 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. lifted its stake in Silicon Laboratories by 0.9% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 11,811 shares of the semiconductor company’s stock worth $807,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 88.99% of the company’s stock.

Silicon Laboratories Company Profile

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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