Silicon Laboratories Inc’s filing revealed that its President & CEO Johnson Robert Matthew unloaded Company’s shares for reported $0.4 million on Dec 04 ’23. In the deal valued at $108.22 per share,3,679 shares were sold. As a result of this transaction, Johnson Robert Matthew now holds 31,050 shares worth roughly $3.7 million.
Then, Johnson Robert Matthew sold 3,534 shares, generating $407,223 in total proceeds. Upon selling the shares at $115.23, the President & CEO now owns 34,729 shares.
Before that, Johnson Robert Matthew sold 3,498 shares. Silicon Laboratories Inc shares valued at $503,922 were divested by the President & CEO at a price of $144.06 per share. As a result of the transaction, Johnson Robert Matthew now holds 38,263 shares, worth roughly $4.56 million.
TD Cowen reiterated its Silicon Laboratories Inc [SLAB] rating to an Outperform in a research note published on February 08, 2024; the price target was $155. A number of analysts have revised their coverage, including JP Morgan’s analysts, who began to cover the stock in early December with a ‘”an Overweight”‘ rating. Barclays also remained covering SLAB and has increased its forecast on November 01, 2023 with a “an Equal weight” recommendation from previously “an Underweight” rating. Raymond James started covering the stock on July 07, 2023. It rated SLAB as “a Mkt perform”.
Price Performance Review of SLAB
On Monday, Silicon Laboratories Inc [NASDAQ:SLAB] saw its stock jump 3.41% to $119.12. Over the last five days, the stock has lost -4.22%. Silicon Laboratories Inc shares have fallen nearly -9.94% since the year began. Nevertheless, the stocks have fallen -28.48% over the past one year. While a 52-week high of $169.76 was reached on 03/07/24, a 52-week low of $74.56 was recorded on 04/19/24. SMA at 50 days reached $135.21, while 200 days put it at $126.29. A total of 0.59 million shares were traded, compared to the trading of 0.52 million shares in the previous session.
Levels Of Support And Resistance For SLAB Stock
The 24-hour chart illustrates a support level at 116.24, which if violated will result in even more drops to 113.35. On the upside, there is a resistance level at 120.91. A further resistance level may holdings at 122.69. The Relative Strength Index (RSI) on the 14-day chart is 36.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -9.59, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.32%. Stochastics %K at 10.68% indicates the stock is a buying.
