Silicon Laboratories (NASDAQ:SLAB) SVP Alessandro Piovaccari sold 1,405 shares of the company’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $92.90, for a total value of $130,524.50. Following the completion of the sale, the senior vice president now directly owns 29,669 shares of the company’s stock, valued at approximately $2,756,250.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

  • On Wednesday, August 15th, Alessandro Piovaccari sold 1,607 shares of Silicon Laboratories stock. The stock was sold at an average price of $94.50, for a total value of $151,861.50.
  • On Monday, July 16th, Alessandro Piovaccari sold 1,910 shares of Silicon Laboratories stock. The stock was sold at an average price of $104.24, for a total value of $199,098.40.

SLAB stock traded down $1.70 during midday trading on Monday, hitting $92.95. The company had a trading volume of 14,190 shares, compared to its average volume of 200,506. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.95 and a current ratio of 5.58. Silicon Laboratories has a 52 week low of $74.05 and a 52 week high of $110.70. The company has a market capitalization of $4.01 billion, a P/E ratio of 39.55, a PEG ratio of 2.22 and a beta of 1.51.

Silicon Laboratories (NASDAQ:SLAB) last announced its quarterly earnings data on Wednesday, July 25th. The semiconductor company reported $0.92 earnings per share for the quarter, beating 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 firm had revenue of $217.10 million during the quarter, compared to the consensus estimate of $214.24 million. During the same quarter in the previous year, the company posted $0.79 earnings per share. The business’s revenue was up 14.2% on a year-over-year basis. equities analysts predict that Silicon Laboratories will post 2.78 earnings per share for the current year.

SLAB has been the subject of several research reports. BidaskClub lowered Silicon Laboratories from a “hold” rating to a “sell” rating in a research note on Saturday, September 8th. Loop Capital cut their target price on Silicon Laboratories to $110.00 and set a “hold” rating for the company in a research note on Thursday, July 26th. Zacks Investment Research lowered Silicon Laboratories from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 27th. Roth Capital upped their target price on Silicon Laboratories from $110.00 to $125.00 and gave the stock a “buy” rating in a research note on Monday, June 11th. Finally, Stifel Nicolaus upped their target price on Silicon Laboratories from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, June 15th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $112.73.

A number of hedge funds have recently made changes to their positions in the business. FMR LLC lifted its position in Silicon Laboratories by 1.2% in the second quarter. FMR LLC now owns 6,484,660 shares of the semiconductor company’s stock valued at $645,872,000 after purchasing an additional 75,633 shares during the last quarter. Van Berkom & Associates Inc. raised its holdings in shares of Silicon Laboratories by 0.7% during the second quarter. Van Berkom & Associates Inc. now owns 722,082 shares of the semiconductor company’s stock valued at $71,919,000 after acquiring an additional 4,951 shares in the last quarter. Hermes Investment Management Ltd. raised its holdings in shares of Silicon Laboratories by 2.6% during the second quarter. Hermes Investment Management Ltd. now owns 707,061 shares of the semiconductor company’s stock valued at $70,423,000 after acquiring an additional 17,933 shares in the last quarter. Eagle Asset Management Inc. raised its holdings in shares of Silicon Laboratories by 54.0% during the second quarter. Eagle Asset Management Inc. now owns 511,076 shares of the semiconductor company’s stock valued at $50,903,000 after acquiring an additional 179,120 shares in the last quarter. Finally, Macquarie Group Ltd. raised its holdings in shares of Silicon Laboratories by 12.0% during the second quarter. Macquarie Group Ltd. now owns 379,548 shares of the semiconductor company’s stock valued at $37,803,000 after acquiring an additional 40,719 shares in the last quarter. Hedge funds and other institutional investors own 91.47% of the company’s stock.

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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