Silicon Laboratories, Inc. (NASDAQ:SLAB) Director William G. Bock sold 2,500 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $75.30, for a total value of $188,250.00. Following the sale, the director now directly owns 45,926 shares of the company’s stock, valued at approximately $3,458,227.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Silicon Laboratories, Inc. (SLAB) traded up 0.13% during midday trading on Wednesday, hitting $75.55. The company had a trading volume of 85,140 shares. Silicon Laboratories, Inc. has a 1-year low of $52.00 and a 1-year high of $79.15. The company has a 50 day moving average price of $71.90 and a 200 day moving average price of $72.03. The firm has a market capitalization of $3.21 billion, a P/E ratio of 45.05 and a beta of 1.25.

Silicon Laboratories (NASDAQ:SLAB) last posted its earnings results on Wednesday, July 26th. The semiconductor company reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.08. Silicon Laboratories had a return on equity of 11.15% and a net margin of 9.88%. The firm had revenue of $190.10 million for the quarter, compared to analysts’ expectations of $186.46 million. During the same period last year, the firm earned $0.75 EPS. The company’s quarterly revenue was up 8.7% on a year-over-year basis. Equities research analysts forecast that Silicon Laboratories, Inc. will post $3.06 earnings per share for the current fiscal year.

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Large investors have recently bought and sold shares of the company. BlackRock Inc. boosted its stake in Silicon Laboratories by 25,072.0% in the first quarter. BlackRock Inc. now owns 4,558,402 shares of the semiconductor company’s stock valued at $335,271,000 after buying an additional 4,540,293 shares during the last quarter. Wellington Management Group LLP boosted its stake in Silicon Laboratories by 710.8% in the first quarter. Wellington Management Group LLP now owns 722,636 shares of the semiconductor company’s stock valued at $53,150,000 after buying an additional 633,507 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Silicon Laboratories by 62.3% in the second quarter. Bank of New York Mellon Corp now owns 841,592 shares of the semiconductor company’s stock valued at $57,523,000 after buying an additional 323,123 shares during the last quarter. Vanguard Group Inc. boosted its stake in Silicon Laboratories by 5.1% in the first quarter. Vanguard Group Inc. now owns 3,292,023 shares of the semiconductor company’s stock valued at $242,129,000 after buying an additional 160,997 shares during the last quarter. Finally, GW&K Investment Management LLC boosted its stake in Silicon Laboratories by 34.2% in the second quarter. GW&K Investment Management LLC now owns 484,826 shares of the semiconductor company’s stock valued at $33,138,000 after buying an additional 123,637 shares during the last quarter. Institutional investors own 89.04% of the company’s stock.

Several equities analysts have recently commented on SLAB shares. Canaccord Genuity restated a “buy” rating and issued a $83.00 price objective on shares of Silicon Laboratories in a research report on Thursday, April 27th. B. Riley restated a “buy” rating and issued a $81.00 price objective on shares of Silicon Laboratories in a research report on Wednesday, April 26th. DA Davidson boosted their price objective on Silicon Laboratories from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Wednesday, April 26th. BidaskClub downgraded Silicon Laboratories from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 16th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $82.00 price objective on shares of Silicon Laboratories in a research report on Tuesday, June 6th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. Silicon Laboratories currently has a consensus rating of “Buy” and a consensus target price of $80.70.

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.

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

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