Silicon Laboratories President William Bock Sells 8,867 Shares (SLAB)
Silicon Laboratories (NASDAQ:SLAB) President William Bock sold 8,867 shares of the stock on the open market in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $41.00, for a total value of $363,547.00. Following the sale, the president now directly owns 86,984 shares of the company’s stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at TheStreet downgraded shares of Silicon Laboratories (NASDAQ:SLAB) from a “buy” rating to a “hold” rating in a research note to investors on Friday, August 23rd. Separately, analysts at Zacks downgraded shares of Silicon Laboratories (NASDAQ:SLAB) from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday, July 31st. They now have a $37.30 price target on the stock. Finally, analysts at Needham & Company cut their price target on shares of Silicon Laboratories (NASDAQ:SLAB) from $48.00 to $47.00 in a research note to investors on Friday, July 26th. They now have a “buy” rating on the stock.
One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $45.91.
Shares of Silicon Laboratories (NASDAQ:SLAB) traded up 1.13% during mid-day trading on Friday, hitting $41.15. 138,407 shares of the company’s stock traded hands. Silicon Laboratories has a 52-week low of $35.00 and a 52-week high of $47.41. The stock’s 50-day moving average is $39.6 and its 200-day moving average is $41.27. The company has a market cap of $1.758 billion and a price-to-earnings ratio of 28.47.
Silicon Laboratories (NASDAQ:SLAB) last released its earnings data on Thursday, July 25th. The company reported $0.50 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.50. The company had revenue of $141.50 million for the quarter, compared to the consensus estimate of $143.60 million. During the same quarter last year, the company posted $0.51 earnings per share. Silicon Laboratories’s revenue was up 4.3% compared to the same quarter last year.
Silicon Laboratories Inc designs and develops analog-intensive, mixed-signal and integrated circuits (NASDAQ:SLAB) for a broad range of applications.
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