Loomis Sayles & Co. L P Has $58.37 Million Stock Holdings in Silicon Laboratories Inc. (NASDAQ:SLAB)

Loomis Sayles & Co. L P increased its position in shares of Silicon Laboratories Inc. (NASDAQ:SLAB - Free Report) by 2.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 469,883 shares of the semiconductor company's stock after acquiring an additional 8,992 shares during the quarter. Loomis Sayles & Co. L P owned 1.45% of Silicon Laboratories worth $58,368,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC grew its stake in Silicon Laboratories by 1.1% during the 3rd quarter. FMR LLC now owns 4,843,370 shares of the semiconductor company's stock valued at $559,748,000 after acquiring an additional 54,708 shares in the last quarter. Vanguard Group Inc. grew its position in Silicon Laboratories by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 3,959,580 shares of the semiconductor company's stock valued at $491,859,000 after purchasing an additional 71,942 shares in the last quarter. Wellington Management Group LLP increased its stake in 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 buying an additional 195,997 shares during the period. Geode Capital Management LLC lifted its position in Silicon Laboratories by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 781,049 shares of the semiconductor company's stock worth $90,282,000 after buying an additional 15,728 shares in the last quarter. Finally, GW&K Investment Management LLC grew its holdings in shares of Silicon Laboratories by 5.6% during the 4th quarter. GW&K Investment Management LLC now owns 682,045 shares of the semiconductor company's stock valued at $84,723,000 after acquiring an additional 36,330 shares in the last quarter.

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Silicon Laboratories Stock Down 0.4 %

SLAB stock traded down $0.42 during mid-day trading on Monday, reaching $112.61. 104,369 shares of the stock traded hands, compared to its average volume of 314,036. Silicon Laboratories Inc. has a 52 week low of $94.00 and a 52 week high of $160.00. The firm has a market capitalization of $3.66 billion, a PE ratio of -18.95 and a beta of 1.15. The business has a 50-day moving average of $136.65 and a two-hundred day moving average of $123.76.

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). Silicon Laboratories had a negative net margin of 32.69% and a negative return on equity of 10.46%. The business had revenue of $166.25 million during the quarter, compared to analyst estimates of $166.09 million. During the same quarter in the prior year, the business earned ($1.19) earnings per share. The firm's revenue for the quarter was up 91.4% on a year-over-year basis. On average, equities research analysts anticipate that Silicon Laboratories Inc. will post -0.97 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SLAB. Barclays increased their price objective on Silicon Laboratories from $75.00 to $120.00 and gave the stock an "equal weight" rating in a report on Friday, January 17th. KeyCorp lifted their price target on Silicon Laboratories from $115.00 to $160.00 and gave the company an "overweight" rating in a report on Wednesday, January 22nd. StockNews.com downgraded Silicon Laboratories from a "hold" rating to a "sell" rating in a report on Thursday. Stifel Nicolaus boosted their target price on shares of Silicon Laboratories from $135.00 to $145.00 and gave the stock a "buy" rating in a research report on Monday, January 6th. Finally, Needham & Company LLC restated a "buy" rating and set a $150.00 price target on shares of Silicon Laboratories in a research note on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $136.20.

Insider Activity

In other news, Director Navdeep S. Sooch sold 2,360 shares of Silicon Laboratories 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 sale, the director now directly owns 400,567 shares in the company, valued at approximately $59,684,483. The trade was a 0.59 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William G. Bock sold 1,000 shares of the company'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 completion of the sale, the director now directly owns 31,115 shares in the company, valued at approximately $4,649,514.45. The trade was a 3.11 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,360 shares of company stock worth $782,610. Company insiders own 1.60% of the company's stock.

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.