Navdeep S. Sooch Sells 2,360 Shares of Silicon Laboratories Inc. (NASDAQ:SLAB) Stock

Silicon Laboratories Inc. (NASDAQ:SLAB) Director Navdeep S. Sooch sold 2,360 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $149.00, for a total transaction of $351,640.00. Following the sale, the director now owns 400,567 shares of the company’s stock, valued at approximately $59,684,483. This represents a 0.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Silicon Laboratories Stock Down 3.2 %

SLAB stock opened at $142.66 on Friday. Silicon Laboratories Inc. has a 12 month low of $94.00 and a 12 month high of $154.91. The firm has a market cap of $4.63 billion, a P/E ratio of -19.28 and a beta of 1.16. The company’s 50-day moving average price is $129.76 and its two-hundred day moving average price is $117.13.

Silicon Laboratories (NASDAQ:SLAB) last released 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 net margin of 46.93% and a negative return on equity of 12.60%. The firm had revenue of $166.25 million for the quarter, compared to analyst estimates of $166.09 million. During the same period last year, the firm earned ($1.19) EPS. The business’s quarterly revenue was up 91.4% compared to the same quarter last year. Equities analysts predict that Silicon Laboratories Inc. will post -3.56 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on SLAB shares. Morgan Stanley cut their target price on shares of 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. StockNews.com upgraded shares of Silicon Laboratories from a “sell” rating to a “hold” rating in a research note on Thursday. KeyCorp raised their target price on shares of Silicon Laboratories from $115.00 to $160.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. lowered their price target on shares of Silicon Laboratories from $150.00 to $135.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. Finally, Needham & Company LLC raised 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. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $136.20.

Hedge Funds Weigh In On Silicon Laboratories

Several hedge funds have recently bought and sold shares of SLAB. Jones Financial Companies Lllp increased 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 valued at $28,000 after buying an additional 69 shares during the period. Advisors Asset Management Inc. grew its holdings 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 valued at $32,000 after purchasing an additional 169 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Silicon Laboratories by 84.1% during the 3rd quarter. GAMMA Investing LLC now owns 497 shares of the semiconductor company’s stock valued at $57,000 after purchasing an additional 227 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of Silicon Laboratories by 11,457.1% during the 3rd 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 during the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in shares of Silicon Laboratories by 207.0% during the 4th 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 during 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.