Silicon Laboratories (NASDAQ:SLAB) SVP Alessandro Piovaccari sold 1,404 shares of the business’s stock in a transaction on Monday, October 15th. The shares were sold at an average price of $80.72, for a total value of $113,330.88. Following the sale, the senior vice president now owns 28,265 shares in the company, valued at $2,281,550.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Alessandro Piovaccari also recently made the following trade(s):

  • On Friday, September 14th, Alessandro Piovaccari sold 1,405 shares of Silicon Laboratories stock. The shares were sold at an average price of $92.90, for a total value of $130,524.50.
  • On Wednesday, August 15th, Alessandro Piovaccari sold 1,607 shares of Silicon Laboratories stock. The shares were sold at an average price of $94.50, for a total value of $151,861.50.

Silicon Laboratories stock opened at $83.46 on Friday. Silicon Laboratories has a 52 week low of $79.80 and a 52 week high of $110.70. The company has a debt-to-equity ratio of 0.34, a current ratio of 5.58 and a quick ratio of 4.95. The stock has a market cap of $3.98 billion, a P/E ratio of 35.51, a price-to-earnings-growth ratio of 2.20 and a beta of 1.50.

Silicon Laboratories (NASDAQ:SLAB) last posted its earnings results on Wednesday, July 25th. The semiconductor company reported $0.92 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.08. Silicon Laboratories had a return on equity of 11.90% and a net margin of 6.78%. The business had revenue of $217.10 million during the quarter, compared to analysts’ expectations of $214.24 million. During the same period in the previous year, the business earned $0.79 earnings per share. The firm’s revenue was up 14.2% on a year-over-year basis. As a group, equities research analysts predict that Silicon Laboratories will post 2.78 earnings per share for the current fiscal year.

A number of institutional investors have recently bought and sold shares of the stock. First Hawaiian Bank purchased a new position in shares of Silicon Laboratories in the 3rd quarter worth about $106,000. OLD National Bancorp IN purchased a new position in shares of Silicon Laboratories in the 2nd quarter worth about $210,000. World Asset Management Inc purchased a new position in shares of Silicon Laboratories in the 2nd quarter worth about $212,000. Wrapmanager Inc. purchased a new position in shares of Silicon Laboratories in the 2nd quarter worth about $212,000. Finally, Verition Fund Management LLC purchased a new position in shares of Silicon Laboratories in the 2nd quarter worth about $227,000. Institutional investors and hedge funds own 91.44% of the company’s stock.

A number of research firms recently issued reports on SLAB. BidaskClub lowered Silicon Laboratories from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 22nd. Loop Capital started coverage on Silicon Laboratories in a research report on Thursday, June 21st. They set a “hold” rating and a $116.00 target price for the company. Zacks Investment Research cut Silicon Laboratories from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 27th. B. Riley boosted their target price on Silicon Laboratories to $123.00 and gave the stock a “buy” rating in a research report on Wednesday, July 25th. Finally, ValuEngine cut Silicon Laboratories from a “buy” rating to a “hold” rating in a research report on Thursday, September 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. Silicon Laboratories presently has an average rating of “Buy” and an average price target of $115.40.

Silicon Laboratories Company Profile

Silicon Laboratories Inc, a fabless semiconductor company, designs, develops, and markets mixed-signal integrated circuits (ICs) in the United States, China, and internationally. The company offers Internet of things products, such as 8-bit mixed-signal, 32-bit wireless, and ultra-low-power 32-bit microcontrollers; wireless connectivity devices, including multiprotocol wireless Gecko system-on-chip devices; real-time operating systems; sensor products comprising optical, relative humidity/temperature, and hall effect magnetic sensors.

Further Reading: Balance Sheet

Insider Buying and Selling by Quarter for Silicon Laboratories (NASDAQ:SLAB)

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