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President & CEO, Johnson Robert Matthew sold 7,230 shares of Silicon Laboratories Inc [SLAB]

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Silicon Laboratories Inc’s recent filing unveils that its President & CEO Johnson Robert Matthew unloaded Company’s shares for reported $0.9 million on Jun 03 ’24. In the deal valued at $123.80 per share,7,230 shares were sold. As a result of this transaction, Johnson Robert Matthew now holds 47,910 shares worth roughly $5.31 million.

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Then, Johnson Robert Matthew sold 3,679 shares, generating $398,141 in total proceeds. Upon selling the shares at $108.22, the President & CEO now owns 31,050 shares.

Before that, Johnson Robert Matthew sold 3,534 shares. Silicon Laboratories Inc shares valued at $407,223 were divested by the President & CEO at a price of $115.23 per share. As a result of the transaction, Johnson Robert Matthew now holds 34,729 shares, worth roughly $3.85 million.

Needham upgraded its Silicon Laboratories Inc [SLAB] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in late April has reiterated a ‘”a Buy”‘ rating for it. Summit Insights also remained covering SLAB and has decreased its forecast on April 24, 2024 with a “Hold” recommendation from previously “Buy” rating. TD Cowen maintained its rating on February 08, 2024. It rated SLAB as “an Outperform”.

Price Performance Review of SLAB

On Tuesday, Silicon Laboratories Inc [NASDAQ:SLAB] saw its stock jump 1.35% to $110.91. Over the last five days, the stock has gained 1.01%. Silicon Laboratories Inc shares have fallen nearly -16.15% since the year began. Nevertheless, the stocks have fallen -29.69% over the past one year. While a 52-week high of $166.94 was reached on 03/07/24, a 52-week low of $74.56 was recorded on 06/27/24. SMA at 50 days reached $121.34, while 200 days put it at $121.27. A total of 0.23 million shares were traded, compared to the trading of 0.31 million shares in the previous session.

Levels Of Support And Resistance For SLAB Stock

The 24-hour chart illustrates a support level at 109.59, which if violated will result in even more drops to 108.27. On the upside, there is a resistance level at 111.94. A further resistance level may holdings at 112.97. The Relative Strength Index (RSI) on the 14-day chart is 37.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.60, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.77%. Stochastics%K at 18.02% indicates the stock is a buying.

The most recent change occurred on December 08, 2023 when JP Morgan began covering the stock and recommended ‘”an Overweight”‘ rating along with a $145 price target.

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