Silicon Laboratories Inc (SLAB): John C Hollister , Sr VP and CFO of Silicon Laboratories Inc sold 4,000 shares on Jun 20, 2016. The Insider selling transaction was reported by the company on Jun 22, 2016 to the Securities and Exchange Commission. The shares were sold at $50.00 per share for a total value of $200,000.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 7, 2016, William G Bock (director) sold 3,000 shares at $49.78 per share price.On Nov 5, 2015, William P Wood (director) sold 5,000 shares at $50.25 per share price.Also, On Oct 20, 2015, Kurt W Hoff (Sr VP of Worldwide Sales) sold 665 shares at $46.03 per share price.On Aug 24, 2015, Jack R Lazar (director) purchased 3,500 shares at $42.04 per share price.
Silicon Laboratories: On Monday, Jun 20, 2016 heightened volatility was witnessed in Silicon Laboratories which led to swings in the share price. The shares opened for trading at $49.73 and hit $50.53 on the upside , eventually ending the session at $49.5, with a gain of 1.19% or 0.58 points. The heightened volatility saw the trading volume jump to 1,65,600 shares. The 52-week high of the share price is $57.9 and the company has a market cap of $2,067 M . The 52-week low of the share price is at $36.56.
Company has been under the radar of several Street Analysts.Silicon Laboratories is Reiterated by MKM Partners to Neutral and the brokerage firm has raised the Price Target to $ 50 from a previous price target of $49 .The Rating was issued on Apr 27, 2016.Silicon Laboratories is Reiterated by Drexel Hamilton to Buy and the brokerage firm has raised the Price Target to $ 52 from a previous price target of $49 .The Rating was issued on Apr 27, 2016.Silicon Laboratories is Reiterated by Topeka Capital Markets to Buy and the brokerage firm has raised the Price Target to $ 55 from a previous price target of $47 .The Rating was issued on Apr 27, 2016.
Silicon Laboratories Inc. is a provider of silicon software and solutions for the Internet of things (IoT) Internet infrastructure industrial control consumer and automotive markets. The Company provides customers with advantages in performance energy savings connectivity and design simplicity. It provides developers with the tools and technologies they need to advance from initial idea to final product. The Company operates through mixed-signal analog intensive products consisting of numerous product areas segment. It serves IoT market including connected home smart lighting and smart energy applications. It provides a range of timing and isolation products for infrastructure applications including high-performance clocks and oscillators. It also provides broadcast products such as television tuners and demodulators and automotive radio tuners and access products including subscriber line interface circuits for voice over Internet Protocol and embedded modems.