Insider Selling: Silicon Laboratories Inc. (NASDAQ:SLAB) Director Sells $149,430.00 in Stock

Silicon Laboratories Inc. (NASDAQ:SLAB) Director William G. Bock sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $149.43, for a total value of $149,430.00. Following the sale, the director now owns 31,115 shares of the company’s stock, valued at approximately $4,649,514.45. This trade represents a 3.11 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Silicon Laboratories Price Performance

Shares of SLAB opened at $158.70 on Friday. The company has a market cap of $5.15 billion, a P/E ratio of -26.72 and a beta of 1.16. Silicon Laboratories Inc. has a 12 month low of $94.00 and a 12 month high of $158.76. The stock has a fifty day moving average price of $135.60 and a 200 day moving average price of $119.37.

Silicon Laboratories (NASDAQ:SLAB) last released its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported ($0.11) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.11). The business had revenue of $166.25 million for the quarter, compared to analysts’ expectations of $166.09 million. Silicon Laboratories had a negative net margin of 32.69% and a negative return on equity of 10.46%. The company’s revenue for the quarter was up 91.4% compared to the same quarter last year. During the same quarter last year, the company earned ($1.19) EPS. As a group, research analysts anticipate that Silicon Laboratories Inc. will post -0.97 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Benchmark upgraded Silicon Laboratories from a “hold” rating to a “buy” rating and set a $160.00 target price for the company in a research note on Wednesday, February 5th. StockNews.com downgraded shares of Silicon Laboratories from a “hold” rating to a “sell” rating in a research note on Friday, February 14th. Susquehanna assumed coverage on shares of Silicon Laboratories in a research report on Tuesday, December 17th. They issued a “neutral” rating and a $130.00 target price for the company. Needham & Company LLC increased their price target on shares of Silicon Laboratories from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, February 5th. Finally, Morgan Stanley decreased their price target on Silicon Laboratories from $123.00 to $97.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $136.20.

Institutional Investors Weigh In On Silicon Laboratories

A number of hedge funds have recently made changes to their positions in SLAB. Jones Financial Companies Lllp grew its holdings in Silicon Laboratories by 44.5% in the 4th quarter. Jones Financial Companies Lllp now owns 224 shares of the semiconductor company’s stock worth $28,000 after buying an additional 69 shares in the last quarter. Advisors Asset Management Inc. boosted its position in 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 during the period. Headlands Technologies LLC acquired a new position in shares of Silicon Laboratories during the fourth quarter valued at $70,000. International Assets Investment Management LLC raised its stake 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 valued at $93,000 after purchasing an additional 802 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its stake 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 valued at $98,000 after purchasing an additional 530 shares in the last quarter.

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.