Silicon Laboratories SVP Jonathan D. Ivester Sells 2,000 Shares (SLAB)
Silicon Laboratories (NASDAQ:SLAB) SVP Jonathan D. Ivester sold 2,000 shares of the stock on the open market in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $43.20, for a total transaction of $86,400.00. Following the transaction, the senior vice president now directly owns 89,987 shares in the company, valued at approximately $3,887,438. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
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 assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $50.25.
Silicon Laboratories (NASDAQ:SLAB) traded up 0.49% during mid-day trading on Tuesday, hitting $43.13. The stock had a trading volume of 255,049 shares. Silicon Laboratories has a 52 week low of $37.57 and a 52 week high of $54.00. The stock has a 50-day moving average of $44.86 and a 200-day moving average of $47.75. The company has a market cap of $1.873 billion and a P/E ratio of 48.06.
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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