Christy Wyatt Sells 674 Shares of Silicon Laboratories Inc. (NASDAQ:SLAB) Stock

Posted by on Apr 26th, 2023

Silicon Laboratories Inc. (NASDAQ:SLAB – Get Rating) Director Christy Wyatt sold 674 shares of the stock in a transaction that occurred on Friday, April 21st. The stock was sold at an average price of $166.38, for a total value of $112,140.12. Following the completion of the sale, the director now owns 5,720 shares of the company’s stock, valued at approximately $951,693.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Silicon Laboratories Stock Down 4.9 %

Silicon Laboratories stock opened at $156.06 on Wednesday. The firm has a market cap of $4.98 billion, a price-to-earnings ratio of 61.44 and a beta of 1.09. The stock has a fifty day simple moving average of $172.34 and a two-hundred day simple moving average of $152.39. Silicon Laboratories Inc. has a 12 month low of $109.44 and a 12 month high of $194.68. The company has a current ratio of 7.87, a quick ratio of 7.33 and a debt-to-equity ratio of 0.38.

Silicon Laboratories (NASDAQ:SLAB – Get Rating) last issued its quarterly earnings data on Wednesday, February 1st. The semiconductor company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.64 by $0.28. Silicon Laboratories had a return on equity of 7.44% and a net margin of 8.93%. The company had revenue of $257.33 million during the quarter, compared to analyst estimates of $250.32 million. Equities analysts predict that Silicon Laboratories Inc. will post 3.33 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on SLAB. KeyCorp raised their target price on Silicon Laboratories from $160.00 to $210.00 and gave the company an “overweight” rating in a research note on Thursday, February 2nd. StockNews.com began coverage on Silicon Laboratories in a research note on Thursday, March 16th. They issued a “hold” rating for the company. Barclays raised their target price on Silicon Laboratories from $85.00 to $100.00 and gave the company an “underweight” rating in a research note on Monday, January 23rd. Summit Insights upgraded Silicon Laboratories from a “hold” rating to a “buy” rating in a research note on Wednesday, February 1st. Finally, Wells Fargo & Company raised their target price on Silicon Laboratories from $155.00 to $190.00 and gave the company an “overweight” rating in a research note on Thursday, February 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Silicon Laboratories has a consensus rating of “Hold” and a consensus target price of $179.78.

Hedge Funds Weigh In On Silicon Laboratories

Several large investors have recently made changes to their positions in SLAB. Global Retirement Partners LLC lifted its position in shares of Silicon Laboratories by 975.0% in the third quarter. Global Retirement Partners LLC now owns 215 shares of the semiconductor company’s stock worth $25,000 after buying an additional 195 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Silicon Laboratories in the first quarter worth about $36,000. EverSource Wealth Advisors LLC purchased a new stake in shares of Silicon Laboratories in the third quarter worth about $39,000. Live Oak Investment Partners purchased a new stake in shares of Silicon Laboratories in the fourth quarter worth about $39,000. Finally, Quadrant Capital Group LLC lifted its position in shares of Silicon Laboratories by 72.9% in the fourth quarter. Quadrant Capital Group LLC now owns 377 shares of the semiconductor company’s stock worth $51,000 after buying an additional 159 shares in the last quarter. 99.56% of the stock is currently owned by hedge funds and other institutional investors.

About Silicon Laboratories

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Silicon Laboratories, Inc engages in providing and developing analog-intensive and mixed-signal integrated circuits. It operates through the United States, China, and Rest of World geographical segments. The company was founded by Navdeep S. Sooch, David R. Welland, and Jeffrey W. Scott in August 1996 and is headquartered in Austin, TX.

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