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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 shares were purchased at an average cost of $42.80 per share, with a total value 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 acquisition was disclosed in a document filed with the SEC, which is available at this link.

Shares of Silicon Laboratories (NASDAQ:SLAB) traded down 0.19% during mid-day trading on Friday, hitting $42.31. 381,670 shares of the company’s stock traded hands. Silicon Laboratories has a 1-year low of $37.57 and a 1-year high of $54.00. The stock’s 50-day moving average is $45.20 and its 200-day moving average is $47.77. 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 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.50 earnings per share. The company’s revenue for the quarter 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.

A number of research firms have recently commented on SLAB. 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 research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Silicon Laboratories presently has an average rating of “Buy” and a consensus target price of $50.25.

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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