FMR LLC lifted its position in shares of Silicon Laboratories Inc. (NASDAQ:SLAB - Free Report) by 0.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,867,203 shares of the semiconductor company's stock after acquiring an additional 23,833 shares during the quarter. FMR LLC owned 14.99% of Silicon Laboratories worth $604,604,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of the business. Captrust Financial Advisors raised its position in Silicon Laboratories by 26.2% during the third quarter. Captrust Financial Advisors now owns 4,330 shares of the semiconductor company's stock worth $500,000 after acquiring an additional 900 shares during the period. Verition Fund Management LLC raised its holdings in shares of Silicon Laboratories by 51.4% during the 3rd quarter. Verition Fund Management LLC now owns 5,528 shares of the semiconductor company's stock worth $639,000 after acquiring an additional 1,877 shares during the period. Stifel Financial Corp raised its position in shares of Silicon Laboratories by 1.7% during the 3rd quarter. Stifel Financial Corp now owns 104,586 shares of the semiconductor company's stock valued at $12,087,000 after buying an additional 1,719 shares during the period. Wellington Management Group LLP lifted its stake in shares of Silicon Laboratories by 28.3% in the 3rd quarter. Wellington Management Group LLP now owns 888,382 shares of the semiconductor company's stock valued at $102,670,000 after purchasing an additional 195,997 shares during the last quarter. Finally, MML Investors Services LLC boosted its stake in Silicon Laboratories by 5.3% during the third quarter. MML Investors Services LLC now owns 7,328 shares of the semiconductor company's stock worth $847,000 after buying an additional 370 shares during the period.
Silicon Laboratories Stock Performance
SLAB traded up $2.87 during trading on Monday, hitting $92.69. The stock had a trading volume of 60,436 shares, compared to its average volume of 330,475. Silicon Laboratories Inc. has a twelve month low of $82.82 and a twelve month high of $160.00. The firm has a market capitalization of $3.01 billion, a P/E ratio of -15.60 and a beta of 1.33. The company's 50-day moving average price is $127.57 and its 200 day moving average price is $122.49.
Silicon Laboratories (NASDAQ:SLAB - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported ($0.11) EPS for the quarter, meeting analysts' consensus estimates of ($0.11). The firm had revenue of $166.25 million during the quarter, compared to the consensus estimate of $166.09 million. Silicon Laboratories had a negative net margin of 32.69% and a negative return on equity of 10.46%. The firm's revenue was up 91.4% compared to the same quarter last year. During the same quarter last year, the firm earned ($1.19) earnings per share. As a group, equities analysts expect that Silicon Laboratories Inc. will post -0.97 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of analysts have issued reports on SLAB shares. StockNews.com lowered Silicon Laboratories from a "hold" rating to a "sell" rating in a research report on Thursday, March 27th. Stifel Nicolaus increased their target price on Silicon Laboratories from $135.00 to $145.00 and gave the stock a "buy" rating in a research note on Monday, January 6th. KeyCorp boosted their price target 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 reissued a "buy" rating and issued a $150.00 price objective on shares of Silicon Laboratories in a research note on Wednesday, March 12th. Finally, Benchmark reaffirmed a "buy" rating and set a $160.00 target price on shares of Silicon Laboratories in a research note on Wednesday, March 12th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $136.20.
Check Out Our Latest Stock Report on Silicon Laboratories
Insider Buying and Selling
In related news, Director William G. Bock sold 1,000 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $149.43, for a total transaction of $149,430.00. Following the sale, the director now owns 31,115 shares of the company's stock, valued at approximately $4,649,514.45. The trade was a 3.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Navdeep S. Sooch sold 2,360 shares of the stock in a transaction dated 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 transaction, the director now directly owns 400,567 shares of the company's stock, valued at approximately $59,684,483. This trade represents a 0.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,360 shares of company stock valued at $782,610 over the last quarter. Company insiders own 1.60% of the company's stock.
Silicon Laboratories Profile
(
Free Report)
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.
Further Reading
Before you consider Silicon Laboratories, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Silicon Laboratories wasn't on the list.
While Silicon Laboratories currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
