Silicon Laboratories (NASDAQ:SLAB) SVP Sandeep P. Kumar sold 5,750 shares of the business’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $100.00, for a total transaction of $575,000.00. Following the sale, the senior vice president now owns 41,633 shares in the company, valued at $4,163,300. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Silicon Laboratories (SLAB) traded up $0.55 during midday trading on Monday, hitting $100.65. 120,857 shares of the company were exchanged, compared to its average volume of 238,647. The company has a debt-to-equity ratio of 0.36, a current ratio of 5.84 and a quick ratio of 5.39. Silicon Laboratories has a twelve month low of $66.35 and a twelve month high of $101.20. The company has a market cap of $4,321.40, a P/E ratio of 92.48, a P/E/G ratio of 2.65 and a beta of 1.38.
Silicon Laboratories (NASDAQ:SLAB) last released its earnings results on Wednesday, January 31st. The semiconductor company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.07. Silicon Laboratories had a net margin of 6.12% and a return on equity of 11.11%. The business had revenue of $201.02 million for the quarter, compared to the consensus estimate of $197.93 million. During the same period in the previous year, the firm earned $0.75 EPS. The business’s revenue for the quarter was up 10.1% on a year-over-year basis. analysts forecast that Silicon Laboratories will post 2.52 EPS for the current year.
A number of research firms have commented on SLAB. Zacks Investment Research downgraded shares of Silicon Laboratories from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. Roth Capital boosted their price target on shares of Silicon Laboratories from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Needham & Company LLC restated a “buy” rating and set a $110.00 price target on shares of Silicon Laboratories in a research report on Monday, December 11th. BidaskClub upgraded shares of Silicon Laboratories from a “hold” rating to a “buy” rating in a research report on Saturday, January 6th. Finally, B. Riley restated a “buy” rating on shares of Silicon Laboratories in a research report on Monday, January 29th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the stock. Silicon Laboratories has an average rating of “Buy” and an average target price of $102.89.
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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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