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Silicon Laboratories (NASDAQ:SLAB) President William G. Bock sold 13,000 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $44.50, for a total value of $578,500.00. Following the completion of the transaction, the president now directly owns 75,935 shares in the company, valued at approximately $3,379,108. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of Silicon Laboratories (NASDAQ:SLAB) traded down 0.51% during mid-day trading on Monday, hitting $44.045. 274,611 shares of the company’s stock traded hands. Silicon Laboratories has a one year low of $37.57 and a one year high of $54.00. The stock has a 50-day moving average of $44.40 and a 200-day moving average of $47.68. The company has a market cap of $1.912 billion and a price-to-earnings ratio of 49.57.

Silicon Laboratories (NASDAQ:SLAB) last released its 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.

SLAB has been the subject of a number of recent research reports. 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 issued a buy rating to the stock. Silicon Laboratories currently has an average rating of “Buy” and an average price target 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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