Silicon Laboratories Inc. (NASDAQ:SLAB – Get Free Report) 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 – Get Free Report) 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
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.
Check Out Our Latest Report on SLAB
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.
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