Insider Selling: Silicon Laboratories Inc. (NASDAQ:SLAB) Director Sells $281,540.00 in Stock

Silicon Laboratories Inc. (NASDAQ:SLAB) Director William G. Bock sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $140.77, for a total transaction of $281,540.00. Following the completion of the transaction, the director now directly owns 32,115 shares in the company, valued at $4,520,828.55. This represents a 5.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Silicon Laboratories Trading Down 4.2 %

NASDAQ:SLAB opened at $135.53 on Friday. The company’s 50-day moving average is $123.32 and its two-hundred day moving average is $115.75. Silicon Laboratories Inc. has a 1-year low of $94.00 and a 1-year high of $154.91.

Silicon Laboratories (NASDAQ:SLAB) last issued its quarterly earnings data on Monday, November 4th. The semiconductor company reported ($0.13) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.07. Silicon Laboratories had a negative return on equity of 12.60% and a negative net margin of 46.93%. The company had revenue of $166.00 million during the quarter, compared to analyst estimates of $165.50 million. During the same period in the prior year, the business posted $0.48 earnings per share. The firm’s revenue for the quarter was down 18.5% compared to the same quarter last year. Equities research analysts predict that Silicon Laboratories Inc. will post -3.56 EPS for the current year.

Institutional Investors Weigh In On Silicon Laboratories

Institutional investors have recently made changes to their positions in the stock. Advisors Asset Management Inc. lifted its holdings in shares of Silicon Laboratories by 159.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 275 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 169 shares during the last quarter. GAMMA Investing LLC lifted its stake in Silicon Laboratories by 84.1% during the third quarter. GAMMA Investing LLC now owns 497 shares of the semiconductor company’s stock worth $57,000 after purchasing an additional 227 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of Silicon Laboratories by 11,457.1% during the third quarter. International Assets Investment Management LLC now owns 809 shares of the semiconductor company’s stock worth $93,000 after buying an additional 802 shares during the period. KBC Group NV grew its stake in shares of Silicon Laboratories by 42.1% in the fourth quarter. KBC Group NV now owns 1,279 shares of the semiconductor company’s stock valued at $159,000 after buying an additional 379 shares in the last quarter. Finally, Van ECK Associates Corp purchased a new stake in shares of Silicon Laboratories in the 3rd quarter valued at $189,000.

Analyst Upgrades and Downgrades

SLAB has been the topic of several research reports. Barclays raised their target price on Silicon Laboratories from $75.00 to $120.00 and gave the company an “equal weight” rating in a research report on Friday, January 17th. KeyCorp raised their price objective on Silicon Laboratories from $115.00 to $160.00 and gave the company an “overweight” rating in a report on Wednesday. Susquehanna assumed coverage on shares of Silicon Laboratories in a report on Tuesday, December 17th. They set a “neutral” rating and a $130.00 target price for the company. StockNews.com raised shares of Silicon Laboratories to a “sell” rating in a research note on Friday, November 8th. Finally, Benchmark reaffirmed a “hold” rating on shares of Silicon Laboratories in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $133.56.

Silicon Laboratories Company Profile

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.