Silicon Laboratories (NASDAQ:SLAB) CEO George Tyson Tuttle sold 36,813 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $112.86, for a total value of $4,154,715.18. Following the sale, the chief executive officer now owns 212,779 shares of the company’s stock, valued at $24,014,237.94. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of SLAB stock traded up $2.48 on Friday, reaching $110.19. The stock had a trading volume of 285,025 shares, compared to its average volume of 294,007. Silicon Laboratories has a 1 year low of $73.13 and a 1 year high of $115.29. The company has a 50 day simple moving average of $110.01 and a 200 day simple moving average of $101.85. The stock has a market cap of $4.62 billion, a P/E ratio of 38.53, a price-to-earnings-growth ratio of 3.21 and a beta of 1.52. The company has a debt-to-equity ratio of 0.34, a quick ratio of 5.91 and a current ratio of 6.47.
Silicon Laboratories (NASDAQ:SLAB) last announced its earnings results on Wednesday, July 24th. The semiconductor company reported $0.51 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.03. Silicon Laboratories had a return on equity of 9.97% and a net margin of 3.84%. The company had revenue of $206.71 million for the quarter, compared to analysts’ expectations of $206.57 million. During the same period last year, the firm earned $0.92 EPS. Silicon Laboratories’s revenue for the quarter was down 4.8% compared to the same quarter last year. On average, equities research analysts anticipate that Silicon Laboratories will post 2.07 earnings per share for the current fiscal year.
A number of institutional investors have recently made changes to their positions in SLAB. Dimensional Fund Advisors LP raised its holdings in Silicon Laboratories by 4.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 797,323 shares of the semiconductor company’s stock valued at $62,837,000 after acquiring an additional 31,251 shares during the period. Geode Capital Management LLC raised its holdings in Silicon Laboratories by 15.4% during the fourth quarter. Geode Capital Management LLC now owns 526,626 shares of the semiconductor company’s stock valued at $41,503,000 after acquiring an additional 70,432 shares during the period. First Republic Investment Management Inc. bought a new stake in shares of Silicon Laboratories in the first quarter worth about $206,000. Raymond James & Associates increased its holdings in shares of Silicon Laboratories by 73.2% in the first quarter. Raymond James & Associates now owns 38,263 shares of the semiconductor company’s stock worth $3,094,000 after purchasing an additional 16,173 shares during the last quarter. Finally, Mason Street Advisors LLC increased its holdings in shares of Silicon Laboratories by 1.4% in the first quarter. Mason Street Advisors LLC now owns 22,913 shares of the semiconductor company’s stock worth $1,853,000 after purchasing an additional 312 shares during the last quarter. 93.06% of the stock is currently owned by institutional investors.
A number of research analysts have commented on the company. TheStreet lowered Silicon Laboratories from a “b” rating to a “c+” rating in a research report on Wednesday, July 24th. ValuEngine lowered Silicon Laboratories from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Wells Fargo & Co started coverage on Silicon Laboratories in a research report on Tuesday, June 25th. They issued an “outperform” rating and a $125.00 target price for the company. Benchmark started coverage on Silicon Laboratories in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $120.00 target price for the company. Finally, Zacks Investment Research downgraded Silicon Laboratories from a “hold” rating to a “sell” rating in a research note on Friday, October 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $109.70.
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, including 8-bit mixed-signal, 32-bit wireless, and ultra-low-power 32-bit microcontrollers; wireless connectivity devices, such as 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: What does the Dogs of the Dow mean?
Receive News & Ratings for Silicon Laboratories Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Silicon Laboratories and related companies with MarketBeat.com's FREE daily email newsletter.