Silicon Laboratories Inc. (NASDAQ:SLAB) SVP Robert J. Conrad Sells 1,172 Shares

Silicon Laboratories Inc. (NASDAQ:SLAB) SVP Robert J. Conrad sold 1,172 shares of Silicon Laboratories stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $130.00, for a total value of $152,360.00. Following the sale, the senior vice president now owns 15,972 shares in the company, valued at $2,076,360. This trade represents a 6.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Silicon Laboratories Stock Performance

Shares of Silicon Laboratories stock opened at $132.97 on Thursday. The stock has a market capitalization of $4.32 billion, a P/E ratio of -22.39 and a beta of 1.36. Silicon Laboratories Inc. has a 52-week low of $82.82 and a 52-week high of $160.00. The stock’s 50-day simple moving average is $108.59 and its 200 day simple moving average is $120.81.

Institutional Trading of Silicon Laboratories

Hedge funds and other institutional investors have recently modified their holdings of the business. Jones Financial Companies Lllp boosted 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 worth $28,000 after buying an additional 69 shares during the period. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of Silicon Laboratories in the first quarter worth about $34,000. UMB Bank n.a. lifted its stake in Silicon Laboratories by 111.3% in the 1st quarter. UMB Bank n.a. now owns 336 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 177 shares in the last quarter. Parallel Advisors LLC raised its position in shares of Silicon Laboratories by 143.7% in the first quarter. Parallel Advisors LLC now owns 463 shares of the semiconductor company’s stock worth $52,000 after buying an additional 273 shares in the last quarter. Finally, Larson Financial Group LLC bought a new stake in shares of Silicon Laboratories during the 1st quarter valued at about $55,000.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SLAB. Barclays decreased their target price on Silicon Laboratories from $120.00 to $80.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 22nd. Needham & Company LLC restated a “buy” rating and set a $150.00 price target on shares of Silicon Laboratories in a research report on Wednesday. Susquehanna lifted their price objective on shares of Silicon Laboratories from $100.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday. KeyCorp boosted their target price on shares of Silicon Laboratories from $115.00 to $160.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Finally, StockNews.com upgraded shares of Silicon Laboratories from a “sell” rating to a “hold” rating in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Silicon Laboratories currently has an average rating of “Moderate Buy” and a consensus price target of $126.50.

Silicon Laboratories Company Profile

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.