Silicon Laboratories (NASDAQ:SLAB) CFO John C. Hollister Sells 10,000 Shares

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.

A number of hedge funds and other institutional investors have recently modified their holdings of SLAB. Hancock Whitney Corp increased its stake in Silicon Laboratories by 9.3% during the 2nd quarter. Hancock Whitney Corp now owns 11,190 shares of the semiconductor company’s stock worth $1,157,000 after purchasing an additional 950 shares in the last quarter. Atria Investments LLC acquired a new stake in shares of Silicon Laboratories in the 2nd quarter valued at approximately $1,147,000. Cresset Asset Management LLC boosted its holdings in shares of Silicon Laboratories by 9.6% in the 2nd quarter. Cresset Asset Management LLC now owns 2,985 shares of the semiconductor company’s stock valued at $309,000 after buying an additional 262 shares during the last quarter. Verition Fund Management LLC acquired a new stake in shares of Silicon Laboratories in the 2nd quarter valued at approximately $577,000. Finally, Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of Silicon Laboratories by 23.5% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,499 shares of the semiconductor company’s stock valued at $155,000 after buying an additional 285 shares during the last quarter. Institutional investors and hedge funds own 91.80% of the company’s stock.

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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