Silicon Laboratories SVP Jonathan Ivester Sells 1,260 Shares (SLAB)
Silicon Laboratories (NASDAQ:SLAB) SVP Jonathan Ivester unloaded 1,260 shares of the company’s stock on the open market in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $42.79, for a total value of $53,915.40. Following the completion of the sale, the senior vice president now directly owns 83,144 shares in the company, valued at approximately $3,557,732. The transaction was disclosed in a 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 Zacks upgraded shares of Silicon Laboratories from an “underperform” rating to a “neutral” rating in a research note to investors on Thursday, September 26th. They now have a $42.70 price target on the stock. Separately, analysts at TheStreet downgraded shares of Silicon Laboratories from a “buy” rating to a “hold” rating in a research note to investors on Friday, August 23rd. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Silicon Laboratories presently has a consensus rating of “Buy” and a consensus target price of $47.10.
Silicon Laboratories (NASDAQ:SLAB) traded down 0.40% during mid-day trading on Wednesday, hitting $42.19. The stock had a trading volume of 397,635 shares. Silicon Laboratories has a one year low of $35.00 and a one year high of $47.41. The stock’s 50-day moving average is $40.93 and its 200-day moving average is $41.35. The company has a market cap of $1.802 billion and a P/E ratio of 29.64.
Silicon Laboratories (NASDAQ:SLAB) last announced its earnings results on Thursday, July 25th. The company reported $0.50 earnings per share (EPS) for the quarter, meeting the 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 previous year, the company posted $0.51 earnings per share. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. Analysts expect that Silicon Laboratories will post $2.01 EPS 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.