EFG Asset Management North America Corp. Has $2.37 Million Position in Silicon Laboratories Inc. (NASDAQ:SLAB)

EFG Asset Management North America Corp. raised its holdings in Silicon Laboratories Inc. (NASDAQ:SLAB - Free Report) by 22.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,060 shares of the semiconductor company's stock after purchasing an additional 3,541 shares during the quarter. EFG Asset Management North America Corp. owned approximately 0.06% of Silicon Laboratories worth $2,366,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Jones Financial Companies Lllp increased its stake in shares of Silicon Laboratories by 44.5% in 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. Pacer Advisors Inc. increased its position in Silicon Laboratories by 1.8% in the 4th quarter. Pacer Advisors Inc. now owns 4,839 shares of the semiconductor company's stock valued at $601,000 after acquiring an additional 87 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Silicon Laboratories by 1.1% in the fourth quarter. Louisiana State Employees Retirement System now owns 9,000 shares of the semiconductor company's stock worth $1,118,000 after acquiring an additional 100 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of Silicon Laboratories by 1.4% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 7,169 shares of the semiconductor company's stock worth $891,000 after purchasing an additional 102 shares in the last quarter. Finally, Procyon Advisors LLC grew its stake in shares of Silicon Laboratories by 4.4% during the fourth quarter. Procyon Advisors LLC now owns 3,176 shares of the semiconductor company's stock valued at $395,000 after purchasing an additional 133 shares during the last quarter.

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Insider Activity at Silicon Laboratories

In other Silicon Laboratories news, Director Navdeep S. Sooch sold 2,360 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $149.00, for a total transaction of $351,640.00. Following the completion of the sale, the director now directly owns 400,567 shares in the company, valued at $59,684,483. This trade represents a 0.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director William G. Bock sold 2,000 shares of the company'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 value of $281,540.00. Following the completion of the transaction, the director now directly owns 32,115 shares in the company, valued at $4,520,828.55. The trade was a 5.86 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,360 shares of company stock worth $782,610. Company insiders own 1.60% of the company's stock.

Silicon Laboratories Trading Down 5.5 %

Shares of Silicon Laboratories stock traded down $6.54 during trading on Friday, hitting $113.03. 340,644 shares of the stock were exchanged, compared to its average volume of 314,853. The company has a fifty day moving average price of $136.65 and a 200-day moving average price of $123.65. The stock has a market capitalization of $3.67 billion, a price-to-earnings ratio of -19.03 and a beta of 1.15. Silicon Laboratories Inc. has a 1-year low of $94.00 and a 1-year high of $160.00.

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

Analyst Ratings Changes

SLAB has been the subject of several research analyst reports. Benchmark restated a "buy" rating and issued a $160.00 price objective on shares of Silicon Laboratories in a research report on Wednesday, March 12th. Susquehanna assumed coverage on Silicon Laboratories in a research report on Tuesday, December 17th. They set a "neutral" rating and a $130.00 target price for the company. Needham & Company LLC reiterated a "buy" rating and issued a $150.00 price target on shares of Silicon Laboratories in a report on Wednesday, March 12th. StockNews.com cut Silicon Laboratories from a "hold" rating to a "sell" rating in a report on Thursday. Finally, KeyCorp raised their target price on shares of Silicon Laboratories from $115.00 to $160.00 and gave the company an "overweight" rating in a research note on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Silicon Laboratories currently has an average rating of "Hold" and a consensus price target of $136.20.

Silicon Laboratories Company Profile

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.