William G. Bock Sells 2,500 Shares of Silicon Laboratories (SLAB) Stock

Silicon Laboratories (NASDAQ:SLAB) Director William G. Bock sold 2,500 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $91.91, for a total transaction of $229,775.00. Following the transaction, the director now directly owns 40,926 shares of the company’s stock, valued at $3,761,508.66. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Silicon Laboratories (NASDAQ:SLAB) opened at $90.80 on Monday. Silicon Laboratories has a 1-year low of $66.35 and a 1-year high of $100.00. The stock has a market cap of $3,877.98, a PE ratio of 83.30, a P/E/G ratio of 2.40 and a beta of 1.41. The company has a current ratio of 5.84, a quick ratio of 5.39 and a debt-to-equity ratio of 0.36.

Silicon Laboratories (NASDAQ:SLAB) last announced its quarterly earnings results on Wednesday, January 31st. The semiconductor company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.07. Silicon Laboratories had a net margin of 6.12% and a return on equity of 11.11%. The firm had revenue of $201.02 million during the quarter, compared to the consensus estimate of $197.93 million. During the same period last year, the firm posted $0.75 EPS. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. equities analysts predict that Silicon Laboratories will post 2.52 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Copper Rock Capital Partners LLC raised its stake in shares of Silicon Laboratories by 3.6% in the fourth quarter. Copper Rock Capital Partners LLC now owns 449,848 shares of the semiconductor company’s stock worth $40,014,000 after acquiring an additional 15,594 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Silicon Laboratories by 0.4% in the third quarter. Dimensional Fund Advisors LP now owns 895,422 shares of the semiconductor company’s stock worth $71,546,000 after acquiring an additional 3,229 shares during the last quarter. TCW Group Inc. raised its stake in shares of Silicon Laboratories by 164.9% in the third quarter. TCW Group Inc. now owns 229,473 shares of the semiconductor company’s stock worth $18,335,000 after acquiring an additional 142,832 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Silicon Laboratories by 2.8% in the third quarter. Schwab Charles Investment Management Inc. now owns 240,439 shares of the semiconductor company’s stock worth $19,212,000 after acquiring an additional 6,525 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Silicon Laboratories by 12.2% in the third quarter. Legal & General Group Plc now owns 37,041 shares of the semiconductor company’s stock worth $2,961,000 after acquiring an additional 4,042 shares during the last quarter. 89.31% of the stock is owned by institutional investors.

SLAB has been the subject of a number of analyst reports. BidaskClub raised shares of Silicon Laboratories from a “hold” rating to a “buy” rating in a report on Saturday, January 6th. Zacks Investment Research downgraded shares of Silicon Laboratories from a “buy” rating to a “hold” rating in a report on Friday, January 5th. B. Riley reissued a “buy” rating and set a $115.00 price target on shares of Silicon Laboratories in a report on Friday, December 8th. Needham & Company LLC reissued a “buy” rating and set a $115.00 price target (up from $110.00) on shares of Silicon Laboratories in a report on Thursday, February 1st. Finally, Barclays reissued a “neutral” rating on shares of Silicon Laboratories in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company’s stock. Silicon Laboratories has an average rating of “Buy” and an average price target of $102.89.

WARNING: This news story was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this news story on another site, it was stolen and republished in violation of US and international trademark and copyright law. The legal version of this news story can be viewed at https://www.dispatchtribunal.com/2018/02/19/william-g-bock-sells-2500-shares-of-silicon-laboratories-slab-stock.html.

Silicon Laboratories Company Profile

Silicon Laboratories Inc is a provider of silicon, software and solutions for the Internet of Things (IoT), Internet infrastructure, industrial, consumer and automotive markets. The Company operates through mixed-signal analog intensive products segment. It provides analog-intensive, mixed-signal solutions for use in a range of electronic products in various applications for the IoT market.

Insider Buying and Selling by Quarter for Silicon Laboratories (NASDAQ:SLAB)

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.

Leave a Reply