Insider Selling: Silicon Laboratories President Sells 11,133 Shares of Stock (SLAB)
Silicon Laboratories (NASDAQ:SLAB) President William Bock unloaded 11,133 shares of the stock on the open market in a transaction dated Friday, September 13th. The stock was sold at an average price of $41.00, for a total value of $456,453.00. Following the sale, the president now directly owns 86,374 shares of the company’s stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
SLAB has been the subject of a number of recent research reports. 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 investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $45.91.
Silicon Laboratories (NASDAQ:SLAB) traded up 0.73% during mid-day trading on Monday, hitting $41.45. The stock had a trading volume of 144,459 shares. 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 $39.78 and its 200-day moving average is $41.26. The company has a market cap of $1.770 billion and a price-to-earnings ratio of 28.80.
Silicon Laboratories (NASDAQ:SLAB) last released its earnings data on Thursday, July 25th. The company reported $0.50 EPS for the quarter, meeting the Thomson Reuters 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 in the prior year, the company posted $0.51 earnings per share. The company’s quarterly revenue was up 4.3% on a year-over-year basis. On average, analysts predict that Silicon Laboratories will post $2.01 earnings per share for the current fiscal 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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