Cibc World Markets Corp Purchases New Holdings in Silicon Laboratories Inc. (NASDAQ:SLAB)

Cibc World Markets Corp acquired a new stake in Silicon Laboratories Inc. (NASDAQ:SLAB - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 2,999 shares of the semiconductor company's stock, valued at approximately $373,000.

A number of other large investors have also recently bought and sold shares of the business. Jones Financial Companies Lllp raised its holdings in Silicon Laboratories by 44.5% during the fourth quarter. Jones Financial Companies Lllp now owns 224 shares of the semiconductor company's stock valued at $28,000 after buying an additional 69 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of Silicon Laboratories by 159.4% in the third quarter. Advisors Asset Management Inc. now owns 275 shares of the semiconductor company's stock valued at $32,000 after purchasing an additional 169 shares during the period. Venturi Wealth Management LLC raised its position in shares of Silicon Laboratories by 207.0% in the fourth quarter. Venturi Wealth Management LLC now owns 786 shares of the semiconductor company's stock valued at $98,000 after purchasing an additional 530 shares during the period. Asset Management One Co. Ltd. acquired a new stake in shares of Silicon Laboratories in the fourth quarter worth $117,000. Finally, KBC Group NV boosted its holdings in Silicon Laboratories by 42.1% during the fourth quarter. KBC Group NV now owns 1,279 shares of the semiconductor company's stock valued at $159,000 after acquiring an additional 379 shares during the period.

Insider Buying and Selling

In other news, Director William G. Bock sold 2,000 shares of the firm's stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $140.77, for a total transaction of $281,540.00. Following the completion of the sale, the director now owns 32,115 shares of the company's stock, valued at approximately $4,520,828.55. This trade represents a 5.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Navdeep S. Sooch sold 2,360 shares of the business's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $149.00, for a total value of $351,640.00. Following the completion of the transaction, the director now directly owns 400,567 shares in the company, valued at $59,684,483. The trade was a 0.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,360 shares of company stock worth $782,610 in the last quarter. 1.72% of the stock is owned by corporate insiders.

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Silicon Laboratories Stock Performance

Shares of SLAB stock traded down $1.80 during trading hours on Thursday, hitting $119.57. The company had a trading volume of 299,434 shares, compared to its average volume of 305,229. The firm has a market capitalization of $3.88 billion, a price-to-earnings ratio of -20.13 and a beta of 1.15. Silicon Laboratories Inc. has a 12 month low of $94.00 and a 12 month high of $160.00. The firm's fifty day moving average is $137.34 and its 200 day moving average is $123.51.

Silicon Laboratories (NASDAQ:SLAB - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported ($0.11) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.11). The firm had revenue of $166.25 million during the quarter, compared to analyst estimates of $166.09 million. Silicon Laboratories had a negative return on equity of 10.46% and a negative net margin of 32.69%. During the same period in the prior year, the company posted ($1.19) earnings per share. The business's revenue for the quarter was up 91.4% compared to the same quarter last year. On average, sell-side analysts expect that Silicon Laboratories Inc. will post -0.97 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SLAB. Susquehanna started coverage on Silicon Laboratories in a report on Tuesday, December 17th. They issued a "neutral" rating and a $130.00 target price on the stock. KeyCorp raised their price objective on shares of Silicon Laboratories from $115.00 to $160.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 22nd. Needham & Company LLC reiterated a "buy" rating and set a $150.00 target price on shares of Silicon Laboratories in a research note on Wednesday, March 12th. Benchmark restated a "buy" rating and issued a $160.00 price target on shares of Silicon Laboratories in a research report on Wednesday, March 12th. Finally, Stifel Nicolaus boosted their price objective on shares of Silicon Laboratories from $135.00 to $145.00 and gave the stock a "buy" rating in a report on Monday, January 6th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $136.20.

About Silicon Laboratories

Silicon Laboratories Inc, a fabless semiconductor company, provides various analog-intensive mixed-signal solutions in the United States, China, Taiwan, and internationally. The company's products include wireless microcontrollers and sensor products. Its products are used in various electronic products in a range of applications for the industrial Internet of Things (IoT), including industrial automation and control, smart buildings, access control, HVAC control, and industrial wearables and power tools; smart cities applications, such as smart metering, smart street lighting, renewable energy, electric vehicle supply equipment, and smart agriculture; commercial IoT applications, including smart lighting, asset tracking, electronic shelf labels, theft protection, and enterprise access points; smart home applications, comprising home automation/security systems, smart speakers, smart lighting, HVAC control, smart cameras, smart appliances, smart home sensing, smart locks, and window/blind controls; and connected health applications, including diabetes management, consumer health and fitness, elderly care, patient monitoring, and activity tracking; as well as in commercial building automation, consumer electronics, and medical instrumentation.