Silicon Laboratories CFO Acquires $59,920 in Stock (SLAB)
Silicon Laboratories (NASDAQ:SLAB) CFO John C. Hollister acquired 1,400 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was purchased at an average cost of $42.80 per share, for a total transaction of $59,920.00. Following the acquisition, the chief financial officer now directly owns 35,837 shares of the company’s stock, valued at approximately $1,533,824. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on SLAB shares. Analysts at Canaccord Genuity initiated coverage on shares of Silicon Laboratories in a research note on Friday, August 8th. They set a “buy” rating and a $50.00 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Silicon Laboratories in a research note on Monday, July 28th. They now have a $49.00 price target on the stock, down previously from $55.00. Finally, analysts at B. Riley cut their price target on shares of Silicon Laboratories from $53.00 to $49.00 in a research note on Monday, July 28th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $50.25.
Shares of Silicon Laboratories (NASDAQ:SLAB) traded down 0.19% on Friday, hitting $42.31. The stock had a trading volume of 381,670 shares. Silicon Laboratories has a one year low of $37.57 and a one year high of $54.00. The stock’s 50-day moving average is $45.38 and its 200-day moving average is $47.78. The company has a market cap of $1.837 billion and a P/E ratio of 47.47.
Silicon Laboratories (NASDAQ:SLAB) last issued its quarterly earnings data on Friday, July 25th. The company reported $0.58 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.46 by $0.12. The company had revenue of $154.90 million for the quarter, compared to the consensus estimate of $149.02 million. During the same quarter in the prior year, the company posted $0.50 earnings per share. The company’s quarterly revenue was up 9.5% on a year-over-year basis. On average, analysts predict that Silicon Laboratories will post $1.92 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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