Silicon Laboratories (NASDAQ:SLAB) CFO John C. Hollister sold 2,000 shares of the stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $70.55, for a total value of $141,100.00. Following the transaction, the chief financial officer now owns 74,767 shares in the company, valued at approximately $5,274,811.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Silicon Laboratories (NASDAQ:SLAB) last issued its quarterly earnings data on Wednesday, April 26th. The semiconductor company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.23. Silicon Laboratories had a return on equity of 10.88% and a net margin of 8.81%. The firm had revenue of $179 million for the quarter, compared to analyst estimates of $176.89 million. During the same period in the prior year, the firm posted $0.51 EPS. The company’s revenue for the quarter was up 10.5% on a year-over-year basis.

Insider Buying and Selling by Quarter for Silicon Laboratories (NASDAQ:SLAB)

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A number of hedge funds and other institutional investors have recently modified their holdings of SLAB. TIAA CREF Investment Management LLC raised its position in shares of Silicon Laboratories by 0.4% in the third quarter. TIAA CREF Investment Management LLC now owns 140,548 shares of the semiconductor company’s stock worth $8,264,000 after buying an additional 624 shares in the last quarter. Boothbay Fund Management LLC raised its position in shares of Silicon Laboratories by 71.7% in the fourth quarter. Boothbay Fund Management LLC now owns 9,700 shares of the semiconductor company’s stock worth $631,000 after buying an additional 4,050 shares in the last quarter. BlackRock Group LTD raised its position in shares of Silicon Laboratories by 125.7% in the third quarter. BlackRock Group LTD now owns 74,199 shares of the semiconductor company’s stock worth $4,361,000 after buying an additional 41,318 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its position in shares of Silicon Laboratories by 0.7% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 108,165 shares of the semiconductor company’s stock worth $7,031,000 after buying an additional 765 shares in the last quarter. Finally, Profund Advisors LLC raised its position in shares of Silicon Laboratories by 63.7% in the third quarter. Profund Advisors LLC now owns 12,072 shares of the semiconductor company’s stock worth $710,000 after buying an additional 4,697 shares in the last quarter. 89.20% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have commented on SLAB. B. Riley reiterated a “buy” rating and set a $81.00 price target on shares of Silicon Laboratories in a report on Sunday, March 12th. Canaccord Genuity reiterated a “buy” rating and set a $83.00 price target on shares of Silicon Laboratories in a report on Thursday, April 27th. Drexel Hamilton reiterated a “buy” rating and set a $85.00 price target (up previously from $80.00) on shares of Silicon Laboratories in a report on Saturday, April 29th. DA Davidson increased their price target on Silicon Laboratories from $80.00 to $85.00 and gave the company a “buy” rating in a report on Wednesday, April 26th. Finally, Zacks Investment Research downgraded shares of Silicon Laboratories from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 5th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $77.18.

About Silicon Laboratories

Silicon Laboratories Inc is a provider of silicon, software and solutions for the Internet of Things (IoT), Internet infrastructure, industrial, consumer and automotive markets. The Company operates through mixed-signal analog intensive products segment. It provides analog-intensive, mixed-signal solutions for use in a range of electronic products in various applications for the IoT market.

5 Day Chart for NASDAQ:SLAB

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