Today, a Director at Silicon Laboratories (NASDAQ: SLAB), Sumit Sadana, sold shares of SLAB for $525.6K.
This is Sadana’s first transaction since reporting a Sell transaction on SNDK back in May 2016
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Based on Silicon Laboratories’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $217 million and quarterly net profit of $14.28 million. In comparison, last year the company earned revenue of $190 million and had a net profit of $16.57 million. SLAB’s market cap is $4.17B and the company has a P/E ratio of 75.71. Currently, Silicon Laboratories has an average volume of 141.9K.
Based on 6 analyst ratings, the analyst consensus is Strong Buy with an average price target of $120.67, reflecting a -19.9% downside. One of the top 25 analysts, according to TipRanks.com, recently recommended Buy SLAB with a $123 price target.
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Silicon Labs engages in the provision of silicon, software and solutions for a smarter, more connected world. Its products include Internet of Things products, which include microcontroller, wireless and sensor products; broadcast products, which include broadcast consumer and automotive products; infrastructure products, which include timing products, and isolation devices; and access products, which include voice over IP products, embedded modems and Power over Ethernet devices. The company was founded by Navdeep S. Sooch, David R. Welland, and Jeffrey W. Scott in August 1996 and is headquartered in Austin, TX.
