Silicon Laboratories (NASDAQ:SLAB) SVP Sandeep P. Kumar sold 131 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $100.00, for a total value of $13,100.00. Following the transaction, the senior vice president now directly owns 42,112 shares in the company, valued at approximately $4,211,200. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of Silicon Laboratories (SLAB) traded down $1.60 during trading on Monday, reaching $98.40. The company’s stock had a trading volume of 317,312 shares, compared to its average volume of 238,801. The company has a market cap of $4,256.51, a P/E ratio of 58.92, a PEG ratio of 2.58 and a beta of 1.37. The company has a quick ratio of 5.20, a current ratio of 5.66 and a debt-to-equity ratio of 0.40. Silicon Laboratories has a 12 month low of $64.60 and a 12 month high of $100.00.
Several research firms have recently weighed in on SLAB. B. Riley reissued a “buy” rating on shares of Silicon Laboratories in a research report on Monday. Drexel Hamilton reissued a “buy” rating and set a $103.00 target price (up previously from $85.00) on shares of Silicon Laboratories in a research report on Wednesday, October 25th. Roth Capital boosted their target price on Silicon Laboratories from $85.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday, October 24th. BidaskClub downgraded Silicon Laboratories from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. Finally, Needham & Company LLC reissued a “buy” rating and set a $110.00 target price on shares of Silicon Laboratories in a research report on Monday, December 11th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Silicon Laboratories presently has an average rating of “Buy” and an average target price of $100.89.
Silicon Laboratories Company Profile
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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