Insider Selling: Silicon Laboratories Inc. (NASDAQ:SLAB) Director Sells 1,000 Shares of Stock

Silicon Laboratories Inc. (NASDAQ:SLAB) Director William G. Bock sold 1,000 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $149.43, for a total value of $149,430.00. Following the completion of the transaction, the director now directly owns 31,115 shares of the company’s stock, valued at $4,649,514.45. This represents a 3.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Silicon Laboratories Trading Up 2.9 %

SLAB traded up $4.29 during trading hours on Tuesday, hitting $153.83. The company’s stock had a trading volume of 463,279 shares, compared to its average volume of 369,490. Silicon Laboratories Inc. has a fifty-two week low of $94.00 and a fifty-two week high of $154.91. The firm has a market capitalization of $4.99 billion, a PE ratio of -25.90 and a beta of 1.16. The company has a 50-day simple moving average of $134.46 and a 200 day simple moving average of $118.84.

Silicon Laboratories (NASDAQ:SLAB) last posted its earnings results on Tuesday, February 4th. The semiconductor company reported ($0.11) EPS for the quarter, meeting the consensus estimate of ($0.11). Silicon Laboratories had a negative return on equity of 10.46% and a negative net margin of 32.69%. The firm had revenue of $166.25 million for the quarter, compared to analysts’ expectations of $166.09 million. During the same period last year, the firm earned ($1.19) EPS. The firm’s revenue was up 91.4% compared to the same quarter last year. Research analysts expect that Silicon Laboratories Inc. will post -0.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on SLAB shares. JPMorgan Chase & Co. reduced their target price on Silicon Laboratories from $150.00 to $135.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Stifel Nicolaus increased their target price on Silicon Laboratories from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Morgan Stanley reduced their target price on Silicon Laboratories from $123.00 to $97.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 5th. StockNews.com cut Silicon Laboratories from a “hold” rating to a “sell” rating in a research report on Friday. Finally, Benchmark upgraded Silicon Laboratories from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $136.20.

Hedge Funds Weigh In On Silicon Laboratories

Hedge funds have recently modified their holdings of the company. Jones Financial Companies Lllp increased its position in shares of Silicon Laboratories by 44.5% during the 4th quarter. Jones Financial Companies Lllp now owns 224 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 69 shares during the period. Advisors Asset Management Inc. boosted its stake in shares of Silicon Laboratories by 159.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 275 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 169 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Silicon Laboratories during the fourth quarter worth $70,000. International Assets Investment Management LLC raised its position in shares of Silicon Laboratories by 11,457.1% during the third quarter. International Assets Investment Management LLC now owns 809 shares of the semiconductor company’s stock worth $93,000 after purchasing an additional 802 shares during the period. Finally, Venturi Wealth Management LLC raised its position in shares of Silicon Laboratories by 207.0% during the fourth quarter. Venturi Wealth Management LLC now owns 786 shares of the semiconductor company’s stock worth $98,000 after purchasing an additional 530 shares during the period.

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.