Insider Selling: Silicon Laboratories President Sells 20,000 Shares of Stock (SLAB)
Silicon Laboratories (NASDAQ:SLAB) President William G. Bock unloaded 20,000 shares of the company’s stock on the open market in a transaction dated Thursday, February 20th. The stock was sold at an average price of $49.00, for a total value of $980,000.00. Following the transaction, the president now directly owns 83,545 shares in the company, valued at approximately $4,093,705. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Stifel Nicolaus raised their price target on shares of Silicon Laboratories from $54.00 to $56.00 in a research note on Thursday. Separately, analysts at TheStreet upgraded shares of Silicon Laboratories from a “hold” rating to a “buy” rating in a research note on Friday, January 31st. Finally, 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. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $50.44.
Shares of Silicon Laboratories (NASDAQ:SLAB) traded up 1.62% during mid-day trading on Friday, hitting $50.30. 364,881 shares of the company’s stock traded hands. Silicon Laboratories has a 52-week low of $37.57 and a 52-week high of $49.53. The stock has a 50-day moving average of $45.24 and a 200-day moving average of $41.82. The company has a market cap of $2.154 billion and a P/E ratio of 43.42.
Silicon Laboratories (NASDAQ:SLAB) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.61 earnings per share. The company’s revenue for the quarter was down 4.1% on a year-over-year basis. On average, analysts predict that Silicon Laboratories will post $2.09 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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