Insider Selling: Silicon Laboratories Inc. (NASDAQ:SLAB) CEO Sells 7,230 Shares of Stock

Silicon Laboratories Inc. (NASDAQ:SLAB) CEO Robert Matthew Johnson sold 7,230 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $123.80, for a total transaction of $895,074.00. Following the sale, the chief executive officer now directly owns 47,910 shares in the company, valued at approximately $5,931,258. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Silicon Laboratories Trading Down 1.0 %

Shares of SLAB stock opened at $122.21 on Friday. The company has a market capitalization of $3.90 billion, a price-to-earnings ratio of -36.92 and a beta of 1.23. The firm has a 50-day moving average price of $126.46 and a 200 day moving average price of $127.42. Silicon Laboratories Inc. has a twelve month low of $74.56 and a twelve month high of $166.94.

Silicon Laboratories (NASDAQ:SLAB) last posted its quarterly earnings data on Wednesday, April 24th. The semiconductor company reported ($1.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.29) by ($0.05). Silicon Laboratories had a negative net margin of 16.36% and a negative return on equity of 4.45%. The firm had revenue of $106.38 million during the quarter, compared to analyst estimates of $104.45 million. As a group, research analysts predict that Silicon Laboratories Inc. will post -3.1 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SLAB. Dimensional Fund Advisors LP increased its stake in Silicon Laboratories by 4.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 641,710 shares of the semiconductor company’s stock valued at $84,884,000 after purchasing an additional 28,759 shares during the last quarter. Federated Hermes Inc. grew its holdings in Silicon Laboratories by 6.9% in the 4th quarter. Federated Hermes Inc. now owns 516,484 shares of the semiconductor company’s stock valued at $68,315,000 after buying an additional 33,357 shares during the period. Premier Fund Managers Ltd grew its holdings in Silicon Laboratories by 18.6% in the 4th quarter. Premier Fund Managers Ltd now owns 53,845 shares of the semiconductor company’s stock valued at $7,298,000 after buying an additional 8,426 shares during the period. Schonfeld Strategic Advisors LLC purchased a new position in shares of Silicon Laboratories during the 3rd quarter worth about $3,652,000. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Silicon Laboratories by 37.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 90,289 shares of the semiconductor company’s stock worth $10,464,000 after acquiring an additional 24,468 shares during the period.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. StockNews.com raised Silicon Laboratories to a “sell” rating in a research note on Wednesday, May 22nd. JPMorgan Chase & Co. decreased their target price on Silicon Laboratories from $165.00 to $150.00 and set an “overweight” rating on the stock in a research report on Thursday, April 25th. Citigroup dropped their price target on Silicon Laboratories from $137.00 to $120.00 and set a “neutral” rating for the company in a research report on Thursday, April 25th. Benchmark reiterated a “hold” rating on shares of Silicon Laboratories in a research report on Thursday, April 25th. Finally, Barclays dropped their target price on shares of Silicon Laboratories from $140.00 to $120.00 and set an “equal weight” rating for the company in a report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Silicon Laboratories has a consensus rating of “Hold” and an average price target of $135.00.

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.