Silicon Laboratories (NASDAQ:SLAB) SVP Alessandro Piovaccari sold 1,121 shares of the stock in a transaction dated Friday, December 14th. The stock was sold at an average price of $82.52, for a total transaction of $92,504.92. Following the completion of the sale, the senior vice president now directly owns 26,222 shares in the company, valued at $2,163,839.44. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

  • On Thursday, November 15th, Alessandro Piovaccari sold 1,122 shares of Silicon Laboratories stock. The stock was sold at an average price of $81.48, for a total transaction of $91,420.56.
  • On Monday, October 15th, Alessandro Piovaccari sold 1,404 shares of Silicon Laboratories stock. The stock was sold at an average price of $80.72, for a total transaction of $113,330.88.

Shares of SLAB stock opened at $79.80 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.91 and a current ratio of 5.44. The stock has a market capitalization of $3.54 billion, a price-to-earnings ratio of 33.96, a P/E/G ratio of 1.97 and a beta of 1.65. Silicon Laboratories has a one year low of $75.89 and a one year high of $110.70.

Silicon Laboratories (NASDAQ:SLAB) last issued its earnings results on Wednesday, October 24th. The semiconductor company reported $1.01 EPS for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.03. Silicon Laboratories had a net margin of 7.45% and a return on equity of 12.48%. The business had revenue of $230.20 million for the quarter, compared to the consensus estimate of $227.36 million. During the same period in the prior year, the firm earned $0.90 EPS. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. On average, equities analysts forecast that Silicon Laboratories will post 2.77 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SLAB. Federated Investors Inc. PA boosted its stake in shares of Silicon Laboratories by 1,565.8% during the third quarter. Federated Investors Inc. PA now owns 689,241 shares of the semiconductor company’s stock valued at $63,272,000 after purchasing an additional 647,865 shares in the last quarter. Frontier Capital Management Co. LLC boosted its stake in shares of Silicon Laboratories by 310.3% during the third quarter. Frontier Capital Management Co. LLC now owns 551,776 shares of the semiconductor company’s stock valued at $50,653,000 after purchasing an additional 417,299 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Silicon Laboratories by 7,462.3% during the second quarter. Advisors Asset Management Inc. now owns 159,187 shares of the semiconductor company’s stock valued at $224,000 after purchasing an additional 157,082 shares in the last quarter. Vanguard Group Inc boosted its stake in shares of Silicon Laboratories by 2.3% during the third quarter. Vanguard Group Inc now owns 3,995,961 shares of the semiconductor company’s stock valued at $366,828,000 after purchasing an additional 90,944 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Silicon Laboratories by 2.3% during the third quarter. Vanguard Group Inc. now owns 3,995,961 shares of the semiconductor company’s stock valued at $366,828,000 after purchasing an additional 90,944 shares in the last quarter. Hedge funds and other institutional investors own 92.35% of the company’s stock.

A number of equities analysts have commented on the stock. BidaskClub downgraded shares of Silicon Laboratories from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 9th. Roth Capital dropped their target price on shares of Silicon Laboratories from $124.00 to $100.00 and set a “buy” rating on the stock in a research note on Tuesday, October 23rd. Loop Capital dropped their target price on shares of Silicon Laboratories from $110.00 to $90.00 and set a “hold” rating on the stock in a research note on Friday, October 26th. Needham & Company LLC dropped their target price on shares of Silicon Laboratories from $115.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday, October 26th. Finally, William Blair assumed coverage on shares of Silicon Laboratories in a research note on Thursday, October 25th. They issued a “market perform” rating on the stock. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $105.27.

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About Silicon Laboratories

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.

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