Insider Sale at Silicon Laboratories Inc (SLAB): Director Unloads $370,755 of Shares

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Navdeep S. Sooch, Director at Silicon Laboratories Inc (NASDAQ:SLAB), sold last September 2nd through an open market transaction 8,216 shares of Common Stock, pursuant to the reporting person’s 10b5-1 Trading Plan. These shares were disposed at an average weighted price of $45.13 each, for a total value of $370,755. Following the filing, Sooch owns directly 737, 111 shares of this firm engaged in the design and development of proprietary, analog-intensive-mixed-signal integrated circuits for a range of applications.

In the same way, Phil Gross and Robert Atchinson’s fund, Adage Capital Management –owner of over 1.4 million shares- and Ken Griffin’s Citadel Investment Group –owner of over 1 million  shares- have both decided to decrease their participation in this company by a 24% and 16%, respectively. On the contrary, Clint Carlson’s fund, Carlson Capital –owner of over 1.4 million shares- has increased its exposure to the $1.94 billion firm by a 10%.

Disclosure: Pamela Gaviño holds no position in any of the stocks or funds mentioned.

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