Silicon Laboratories Inc (SLAB) Files Form 4 Insider Selling : William G Bock Sells 3,000 Shares

Silicon Laboratories Inc (SLAB): William G Bock , director of Silicon Laboratories Inc sold 3,000 shares on Jun 6, 2016. The Insider selling transaction was reported by the company on Jun 7, 2016 to the Securities and Exchange Commission. The shares were sold at $49.78 per share for a total value of $149,342.09 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Nov 5, 2015, William P Wood (director) sold 5,000 shares at $50.25 per share price.On Oct 20, 2015, Kurt W Hoff (Sr VP of Worldwide Sales) sold 665 shares at $46.03 per share price.Also, On Aug 24, 2015, Jack R Lazar (director) purchased 3,500 shares at $42.04 per share price.On Jun 3, 2015, Robert Ted Iii Enloe (director) sold 5,000 shares at $55.23 per share price.

Shares of Silicon Laboratories (SLAB) ended Friday, Jun 3, 2016 session in red amid volatile trading. The shares closed down -0.21 points or -0.42% at $49.86 with 1,22,826 shares getting traded. Post opening the session at $50.11, the shares hit an intraday low of $49.435 and an intraday high of $50.34 and the price vacillated in this range throughout the day. The company has a market cap of $2,082 M and the number of outstanding shares has been calculated to be 4,17,51,123 shares. The 52-week high of Silicon Laboratories is $58.54 and the 52-week low is $36.56.

Silicon Laboratories Money Flow Index Chart

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.

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