Brandon Tolany Sells 200 Shares of Silicon Laboratories, Inc. (SLAB) Stock
Silicon Laboratories, Inc. (NASDAQ:SLAB) SVP Brandon Tolany sold 200 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $93.25, for a total transaction of $18,650.00. Following the transaction, the senior vice president now directly owns 45,118 shares of the company’s stock, valued at approximately $4,207,253.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Silicon Laboratories, Inc. (SLAB) opened at $93.95 on Wednesday. Silicon Laboratories, Inc. has a 1 year low of $58.67 and a 1 year high of $95.55. The stock has a market cap of $4,026.66, a P/E ratio of 41.49, a price-to-earnings-growth ratio of 2.80 and a beta of 1.40. The company has a debt-to-equity ratio of 0.40, a quick ratio of 5.20 and a current ratio of 5.66.
Silicon Laboratories (NASDAQ:SLAB) last announced its earnings results on Wednesday, October 25th. The semiconductor company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.09. Silicon Laboratories had a net margin of 9.60% and a return on equity of 11.06%. The business had revenue of $198.70 million during the quarter, compared to analyst estimates of $196.20 million. During the same period in the previous year, the business posted $0.77 earnings per share. Silicon Laboratories’s revenue for the quarter was up 11.6% on a year-over-year basis. equities research analysts anticipate that Silicon Laboratories, Inc. will post 2.25 EPS for the current year.
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Several equities analysts recently commented on the stock. Zacks Investment Research cut shares of Silicon Laboratories from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. Stifel Nicolaus boosted their price objective on shares of Silicon Laboratories from $85.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, October 12th. Needham & Company LLC boosted their price objective on shares of Silicon Laboratories from $85.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Roth Capital boosted their price objective on shares of Silicon Laboratories from $85.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, October 24th. Finally, Barclays PLC reaffirmed a “neutral” rating on shares of Silicon Laboratories in a research note on Friday, October 27th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Silicon Laboratories presently has a consensus rating of “Buy” and a consensus target price of $98.89.
Institutional investors have recently made changes to their positions in the business. Russell Investments Group Ltd. lifted its position in Silicon Laboratories by 4.6% during the second quarter. Russell Investments Group Ltd. now owns 49,010 shares of the semiconductor company’s stock valued at $3,350,000 after purchasing an additional 2,136 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Silicon Laboratories by 62.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 841,592 shares of the semiconductor company’s stock worth $57,523,000 after acquiring an additional 323,123 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Silicon Laboratories by 5.1% in the 1st quarter. Vanguard Group Inc. now owns 3,292,023 shares of the semiconductor company’s stock worth $242,129,000 after acquiring an additional 160,997 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Silicon Laboratories by 54.4% in the 2nd quarter. First Trust Advisors LP now owns 40,486 shares of the semiconductor company’s stock worth $2,767,000 after acquiring an additional 14,265 shares during the last quarter. Finally, Osterweis Capital Management Inc. bought a new stake in shares of Silicon Laboratories in the 2nd quarter worth approximately $1,635,000. Institutional investors and hedge funds own 89.02% of the company’s stock.
About Silicon Laboratories
Silicon Laboratories Inc is a provider of silicon, software and solutions for the Internet of Things (IoT), Internet infrastructure, industrial, consumer and automotive markets. The Company operates through mixed-signal analog intensive products segment. It provides analog-intensive, mixed-signal solutions for use in a range of electronic products in various applications for the IoT market.
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