Silicon Laboratories Inc. (NASDAQ:SLAB) Director William G. Bock Sells 1,000 Shares of Stock

Silicon Laboratories Inc. (NASDAQ:SLAB) Director William G. Bock sold 1,000 shares of Silicon Laboratories stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $149.43, for a total transaction of $149,430.00. Following the sale, the director now owns 31,115 shares of the company’s stock, valued at approximately $4,649,514.45. The trade was a 3.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Silicon Laboratories Trading Up 2.9 %

Shares of SLAB stock opened at $153.83 on Wednesday. The company’s 50-day moving average price is $134.46 and its 200-day moving average price is $118.84. Silicon Laboratories Inc. has a twelve month low of $94.00 and a twelve month high of $154.91. The stock has a market cap of $4.99 billion, a price-to-earnings ratio of -25.90 and a beta of 1.16.

Silicon Laboratories (NASDAQ:SLAB) last posted its earnings results on Tuesday, February 4th. The semiconductor company reported ($0.11) EPS for the quarter, meeting analysts’ consensus estimates of ($0.11). Silicon Laboratories had a negative net margin of 32.69% and a negative return on equity of 10.46%. The company had revenue of $166.25 million for the quarter, compared to analysts’ expectations of $166.09 million. During the same quarter in the prior year, the company posted ($1.19) earnings per share. Silicon Laboratories’s revenue for the quarter was up 91.4% compared to the same quarter last year. As a group, equities research analysts predict that Silicon Laboratories Inc. will post -0.47 EPS for the current year.

Analyst Ratings Changes

SLAB has been the subject of several recent research reports. Barclays lifted their target price on shares of Silicon Laboratories from $75.00 to $120.00 and gave the company an “equal weight” rating in a report on Friday, January 17th. KeyCorp lifted their target price on shares of Silicon Laboratories from $115.00 to $160.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Benchmark raised shares of Silicon Laboratories from a “hold” rating to a “buy” rating and set a $160.00 target price for the company in a report on Wednesday, February 5th. Needham & Company LLC lifted their target price on shares of Silicon Laboratories from $140.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, February 5th. Finally, StockNews.com lowered shares of Silicon Laboratories from a “hold” rating to a “sell” rating in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Silicon Laboratories has a consensus rating of “Hold” and an average price target of $136.20.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Jones Financial Companies Lllp lifted its position in Silicon Laboratories by 44.5% in the fourth quarter. Jones Financial Companies Lllp now owns 224 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 69 shares during the last quarter. Advisors Asset Management Inc. lifted its position in Silicon Laboratories by 159.4% in the third quarter. Advisors Asset Management Inc. now owns 275 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 169 shares during the last quarter. Headlands Technologies LLC acquired a new position in Silicon Laboratories in the fourth quarter valued at about $70,000. Venturi Wealth Management LLC lifted its position in Silicon Laboratories by 207.0% in the fourth quarter. Venturi Wealth Management LLC now owns 786 shares of the semiconductor company’s stock valued at $98,000 after buying an additional 530 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its position in Silicon Laboratories by 11,457.1% in the third quarter. International Assets Investment Management LLC now owns 809 shares of the semiconductor company’s stock valued at $93,000 after buying an additional 802 shares during the last quarter.

About Silicon Laboratories

Silicon Laboratories Inc, a fabless semiconductor company, provides various analog-intensive mixed-signal solutions in the United States, China, Taiwan, and internationally. The company's products include wireless microcontrollers and sensor products. Its products are used in various electronic products in a range of applications for the industrial Internet of Things (IoT), including industrial automation and control, smart buildings, access control, HVAC control, and industrial wearables and power tools; smart cities applications, such as smart metering, smart street lighting, renewable energy, electric vehicle supply equipment, and smart agriculture; commercial IoT applications, including smart lighting, asset tracking, electronic shelf labels, theft protection, and enterprise access points; smart home applications, comprising home automation/security systems, smart speakers, smart lighting, HVAC control, smart cameras, smart appliances, smart home sensing, smart locks, and window/blind controls; and connected health applications, including diabetes management, consumer health and fitness, elderly care, patient monitoring, and activity tracking; as well as in commercial building automation, consumer electronics, and medical instrumentation.