Silicon Laboratories (NASDAQ:SLAB) CEO Robert Matthew Johnson Sells 8,024 Shares

Silicon Laboratories, Inc. (NASDAQ:SLAB) CEO Robert Matthew Johnson sold 8,024 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $216.83, for a total value of $1,739,843.92. Following the transaction, the chief executive officer directly owned 80,519 shares in the company, valued at $17,458,934.77. The trade was a 9.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Silicon Laboratories Trading Down 0.1%

SLAB opened at $216.46 on Wednesday. Silicon Laboratories, Inc. has a 12-month low of $115.50 and a 12-month high of $218.68. The business’s fifty day simple moving average is $211.05 and its 200-day simple moving average is $173.27. The company has a market capitalization of $7.14 billion, a price-to-earnings ratio of -141.48 and a beta of 1.40.

Silicon Laboratories (NASDAQ:SLAB) last posted its quarterly earnings results on Tuesday, May 5th. The semiconductor company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.04. Silicon Laboratories had a negative return on equity of 2.18% and a negative net margin of 6.13%.The business had revenue of $213.50 million for the quarter, compared to the consensus estimate of $214.02 million. During the same quarter in the prior year, the company earned ($0.08) EPS. The business’s revenue was up 20.1% compared to the same quarter last year. On average, equities research analysts predict that Silicon Laboratories, Inc. will post 0.74 EPS for the current year.

Institutional Investors Weigh In On Silicon Laboratories

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in Silicon Laboratories in the third quarter valued at about $1,192,000. Azzad Asset Management Inc. ADV acquired a new stake in shares of Silicon Laboratories during the third quarter worth about $924,000. Thrivent Financial for Lutherans lifted its holdings in shares of Silicon Laboratories by 109.4% during the third quarter. Thrivent Financial for Lutherans now owns 113,337 shares of the semiconductor company’s stock worth $14,862,000 after purchasing an additional 59,207 shares during the period. Tudor Investment Corp ET AL acquired a new stake in shares of Silicon Laboratories during the third quarter worth about $4,718,000. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Silicon Laboratories during the third quarter worth about $1,577,000.

Analyst Ratings Changes

A number of brokerages recently weighed in on SLAB. Citigroup raised their price objective on Silicon Laboratories from $135.00 to $231.00 and gave the company a “neutral” rating in a research report on Friday, February 6th. Royal Bank Of Canada raised their price objective on Silicon Laboratories from $160.00 to $205.00 and gave the company a “sector perform” rating in a research report on Thursday, February 5th. Benchmark downgraded Silicon Laboratories from a “buy” rating to a “hold” rating in a research report on Wednesday, February 4th. KeyCorp downgraded Silicon Laboratories from an “overweight” rating to a “hold” rating in a research report on Wednesday, February 4th. Finally, Needham & Company LLC downgraded Silicon Laboratories from a “buy” rating to a “hold” rating in a research report on Wednesday, February 4th. One investment analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $170.00.

Silicon Laboratories Company Profile

Silicon Laboratories (NASDAQ:SLAB) is a global semiconductor company that develops high-performance analog and mixed-signal integrated circuits, wireless system-on-chips (SoCs), microcontrollers, and radio frequency (RF) solutions. Its product portfolio is tailored to support the Internet of Things (IoT), infrastructure, industrial automation, consumer electronics, automotive, and energy markets. By combining silicon, software, and tools, Silicon Labs aims to accelerate development cycles and deliver low-power, highly integrated solutions that address demanding application requirements.

Founded in 1996 and headquartered in Austin, Texas, Silicon Labs has grown into a multinational organization with engineering and sales operations across North America, Europe, and Asia.