Silicon Laboratories, Inc. (NASDAQ:SLAB) Director William P. Wood sold 5,000 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $91.30, for a total value of $456,500.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Shares of Silicon Laboratories, Inc. (NASDAQ SLAB) traded down $0.80 during mid-day trading on Tuesday, reaching $86.40. The company’s stock had a trading volume of 347,282 shares, compared to its average volume of 279,570. Silicon Laboratories, Inc. has a fifty-two week low of $63.15 and a fifty-two week high of $96.93. The company has a debt-to-equity ratio of 0.40, a quick ratio of 5.20 and a current ratio of 5.66. The stock has a market capitalization of $3,670.00, a P/E ratio of 40.02, a PEG ratio of 2.70 and a beta of 1.37.

Silicon Laboratories (NASDAQ:SLAB) last issued its quarterly earnings data on Wednesday, October 25th. The semiconductor company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.09. Silicon Laboratories had a return on equity of 11.06% and a net margin of 9.60%. The business had revenue of $198.70 million for the quarter, compared to the consensus estimate of $196.20 million. During the same period in the prior year, the business posted $0.77 earnings per share. The company’s quarterly revenue was up 11.6% compared to the same quarter last year. equities research analysts expect that Silicon Laboratories, Inc. will post 2.25 earnings per share for the current fiscal year.

Hedge funds have recently modified their holdings of the business. Alps Advisors Inc. raised its holdings in shares of Silicon Laboratories by 0.3% in the second quarter. Alps Advisors Inc. now owns 6,711 shares of the semiconductor company’s stock worth $459,000 after buying an additional 18 shares during the period. Granite Investment Partners LLC raised its holdings in shares of Silicon Laboratories by 0.4% in the second quarter. Granite Investment Partners LLC now owns 9,812 shares of the semiconductor company’s stock worth $671,000 after buying an additional 38 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Silicon Laboratories by 1.0% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,180 shares of the semiconductor company’s stock worth $422,000 after buying an additional 61 shares during the period. Los Angeles Capital Management & Equity Research Inc. raised its holdings in shares of Silicon Laboratories by 0.9% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 11,811 shares of the semiconductor company’s stock worth $807,000 after buying an additional 100 shares during the period. Finally, Ameritas Investment Partners Inc. raised its holdings in shares of Silicon Laboratories by 0.7% in the second quarter. Ameritas Investment Partners Inc. now owns 16,220 shares of the semiconductor company’s stock worth $1,109,000 after buying an additional 119 shares during the period. Institutional investors and hedge funds own 90.81% of the company’s stock.

A number of equities analysts recently commented on SLAB shares. BidaskClub raised Silicon Laboratories from a “hold” rating to a “buy” rating in a research note on Wednesday, August 16th. Zacks Investment Research lowered Silicon Laboratories from a “buy” rating to a “hold” rating in a research note on Friday, August 25th. Needham & Company LLC reissued a “buy” rating and set a $85.00 price target on shares of Silicon Laboratories in a research note on Monday, September 18th. Canaccord Genuity reissued a “buy” rating and set a $95.00 price target (up from $85.00) on shares of Silicon Laboratories in a research note on Tuesday, October 10th. Finally, Stifel Nicolaus increased their price target on Silicon Laboratories from $85.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, October 12th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Silicon Laboratories has a consensus rating of “Buy” and an average price target of $98.89.

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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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