Silicon Laboratories Inc. (NASDAQ:SLAB) SVP Sells $97,175.00 in Stock

Silicon Laboratories Inc. (NASDAQ:SLAB) SVP Brandon Tolany sold 845 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $115.00, for a total transaction of $97,175.00. Following the completion of the transaction, the senior vice president now owns 43,615 shares in the company, valued at $5,015,725. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Silicon Laboratories Stock Performance

Shares of Silicon Laboratories stock opened at $105.53 on Friday. The business has a 50-day simple moving average of $111.77 and a 200-day simple moving average of $122.36. The company has a market cap of $3.37 billion, a PE ratio of -31.88 and a beta of 1.19. Silicon Laboratories Inc. has a one year low of $74.56 and a one year high of $154.91.

Silicon Laboratories (NASDAQ:SLAB) last announced its quarterly earnings data on Wednesday, July 24th. The semiconductor company reported ($0.56) EPS for the quarter, beating analysts’ consensus estimates of ($0.64) by $0.08. The company had revenue of $145.40 million for the quarter, compared to the consensus estimate of $140.18 million. Silicon Laboratories had a negative net margin of 36.53% and a negative return on equity of 9.13%. The company’s quarterly revenue was down 40.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.59 EPS. On average, sell-side analysts predict that Silicon Laboratories Inc. will post -3.4 earnings per share for the current fiscal year.

Institutional Trading of Silicon Laboratories

Hedge funds and other institutional investors have recently bought and sold shares of the business. Harbor Capital Advisors Inc. raised its position in shares of Silicon Laboratories by 8.5% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 1,292 shares of the semiconductor company’s stock worth $143,000 after acquiring an additional 101 shares in the last quarter. Orion Portfolio Solutions LLC boosted its holdings in Silicon Laboratories by 1.1% in the first quarter. Orion Portfolio Solutions LLC now owns 9,858 shares of the semiconductor company’s stock valued at $1,417,000 after purchasing an additional 103 shares in the last quarter. Victory Capital Management Inc. increased its stake in Silicon Laboratories by 2.3% in the second quarter. Victory Capital Management Inc. now owns 6,638 shares of the semiconductor company’s stock valued at $734,000 after purchasing an additional 150 shares during the last quarter. Coldstream Capital Management Inc. raised its holdings in Silicon Laboratories by 6.9% during the fourth quarter. Coldstream Capital Management Inc. now owns 2,431 shares of the semiconductor company’s stock worth $322,000 after purchasing an additional 157 shares in the last quarter. Finally, CWM LLC lifted its position in shares of Silicon Laboratories by 78.1% during the 4th quarter. CWM LLC now owns 374 shares of the semiconductor company’s stock worth $49,000 after buying an additional 164 shares during the last quarter.

Analyst Ratings Changes

SLAB has been the topic of a number of research reports. StockNews.com upgraded Silicon Laboratories to a “sell” rating in a research note on Tuesday, July 23rd. Needham & Company LLC restated a “buy” rating and set a $150.00 target price on shares of Silicon Laboratories in a report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Silicon Laboratories currently has an average rating of “Hold” and a consensus target price of $135.00.

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.