Silicon Laboratories Inc (SLAB) Files Form 4 Insider Selling : Navdeep S Sooch Sells 32816 Shares

Silicon Laboratories Inc (SLAB): Navdeep S Sooch , director of Silicon Laboratories Inc sold 32,816 shares on Nov 11, 2016. The Insider selling transaction was reported by the company on Nov 15, 2016 to the Securities and Exchange Commission. The shares were sold at $64.00 per share for a total value of $2,100,551.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Oct 7, 2016, Jack R Lazar (director) sold 4,000 shares at $60.00 per share price.On Oct 7, 2016, Sandeep P Kumar (SR VP, Worldwide Operations) sold 14,386 shares at $59.50 per share price.Also, On Oct 3, 2016, Navdeep S Sooch (director) sold 50,000 shares at $59.05 per share price.On Sep 14, 2016, George Tyson Tuttle (CEO) sold 5,761 shares at $54.67 per share price.

Silicon Laboratories: On Wednesday, Nov 16, 2016 heightened volatility was witnessed in Silicon Laboratories which led to swings in the share price. The shares opened for trading at $63.85 and hit $64.8 on the upside , eventually ending the session at $64.45, with a gain of 0.78% or 0.5 points. The heightened volatility saw the trading volume jump to 2,08,846 shares. The 52-week high of the share price is $64.8 and the company has a market cap of $2,691 M . The 52-week low of the share price is at $36.56.

Silicon Laboratories Money Flow Index Chart

Company has been under the radar of several Street Analysts.Silicon Laboratories is Upgraded by MKM Partners to Buy and the brokerage firm has set the Price Target at $73. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Oct 27, 2016.Silicon Laboratories is Reiterated by Drexel Hamilton to Buy and the brokerage firm has raised the Price Target to $ 72 from a previous price target of $62 .The Rating was issued on Oct 26, 2016.Silicon Laboratories is Initiated by ROTH Capital to Buy. The Rating was issued on Sep 29, 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.