Silicon Laboratories, Inc. (SLAB) Director Sells $456,500.00 in Stock
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.
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.
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