Insider Selling: Silicon Laboratories President Sells 4,000 Shares of Stock (SLAB)
Silicon Laboratories (NASDAQ:SLAB) President William G. Bock sold 4,000 shares of Silicon Laboratories stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $47.58, for a total value of $190,320.00. Following the transaction, the president now directly owns 83,545 shares of the company’s stock, valued at approximately $3,975,071. 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 upgraded shares of Silicon Laboratories from a “hold” rating to a “buy” rating in a research note on Friday, January 31st. Separately, analysts at Citigroup Inc. raised their price target on shares of Silicon Laboratories from $47.00 to $56.00 in a research note on Friday, January 31st. Finally, analysts at Needham & Company raised their price target on shares of Silicon Laboratories from $47.00 to $53.00 in a research note on Thursday, January 30th. They now have a “buy” rating on the stock. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Silicon Laboratories presently has a consensus rating of “Buy” and an average price target of $49.52.
Silicon Laboratories (NASDAQ:SLAB) traded up 0.77% on Wednesday, hitting $48.13. 606,737 shares of the company’s stock traded hands. Silicon Laboratories has a 1-year low of $37.57 and a 1-year high of $48.72. The stock’s 50-day moving average is $45.11 and its 200-day moving average is $41.77. The company has a market cap of $2.061 billion and a P/E ratio of 41.89.
Silicon Laboratories (NASDAQ:SLAB) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.43 by $0.06. The company had revenue of $146.20 million for the quarter, compared to the consensus estimate of $142.98 million. During the same quarter in the prior year, the company posted $0.61 earnings per share. The company’s quarterly revenue was down 4.1% on a year-over-year basis. Analysts expect that Silicon Laboratories will post $2.09 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.
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