Silicon Laboratories (NASDAQ:SLAB) CFO John C. Hollister sold 10,000 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $110.00, for a total transaction of $1,100,000.00. Following the completion of the sale, the chief financial officer now owns 69,423 shares in the company, valued at approximately $7,636,530. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of NASDAQ:SLAB traded down $0.47 on Friday, hitting $111.02. The stock had a trading volume of 147,631 shares, compared to its average volume of 209,260. The firm’s 50 day moving average price is $107.94 and its 200-day moving average price is $97.01. The company has a market capitalization of $4.83 billion, a price-to-earnings ratio of 38.82, a price-to-earnings-growth ratio of 3.36 and a beta of 1.56. The company has a debt-to-equity ratio of 0.34, a quick ratio of 5.91 and a current ratio of 6.47. Silicon Laboratories has a twelve month low of $73.13 and a twelve month high of $115.29.
Silicon Laboratories (NASDAQ:SLAB) last issued its quarterly earnings results on Wednesday, July 24th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.03. The business had revenue of $206.71 million for the quarter, compared to the consensus estimate of $206.57 million. Silicon Laboratories had a net margin of 3.84% and a return on equity of 9.97%. The firm’s quarterly revenue was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.92 EPS. As a group, sell-side analysts predict that Silicon Laboratories will post 2.07 EPS for the current year.
Several equities research analysts have recently commented on SLAB shares. BidaskClub downgraded shares of Silicon Laboratories from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Wells Fargo & Co started coverage on shares of Silicon Laboratories in a research note on Tuesday, June 25th. They issued an “outperform” rating and a $125.00 target price on the stock. Benchmark started coverage on shares of Silicon Laboratories in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $120.00 target price on the stock. TheStreet downgraded shares of Silicon Laboratories from a “b” rating to a “c+” rating in a research note on Wednesday, July 24th. Finally, Roth Capital boosted their target price on shares of Silicon Laboratories from $120.00 to $130.00 in a research note on Thursday, July 25th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Silicon Laboratories has a consensus rating of “Hold” and a consensus price target of $109.70.
Silicon Laboratories Company Profile
Silicon Laboratories Inc, a fabless semiconductor company, designs, develops, and markets mixed-signal integrated circuits (ICs) in the United States, China, and internationally. The company offers Internet of things products, including 8-bit mixed-signal, 32-bit wireless, and ultra-low-power 32-bit microcontrollers; wireless connectivity devices, such as multiprotocol wireless Gecko system-on-chip devices; real-time operating systems; sensor products comprising optical, relative humidity/temperature, and hall effect magnetic sensors.
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