LPL Financial LLC Raises Position in Silicon Laboratories Inc. (NASDAQ:SLAB)

LPL Financial LLC increased its position in Silicon Laboratories Inc. (NASDAQ:SLAB - Free Report) by 36.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,942 shares of the semiconductor company's stock after purchasing an additional 8,289 shares during the period. LPL Financial LLC owned 0.10% of Silicon Laboratories worth $3,994,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in SLAB. Jones Financial Companies Lllp boosted its position in shares of Silicon Laboratories by 44.5% in the 4th quarter. Jones Financial Companies Lllp now owns 224 shares of the semiconductor company's stock worth $28,000 after purchasing an additional 69 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in Silicon Laboratories by 207.0% in the fourth quarter. Venturi Wealth Management LLC now owns 786 shares of the semiconductor company's stock worth $98,000 after acquiring an additional 530 shares in the last quarter. Asset Management One Co. Ltd. purchased a new stake in shares of Silicon Laboratories in the fourth quarter worth $117,000. KBC Group NV increased its holdings in shares of 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 in the last quarter. Finally, Arkadios Wealth Advisors purchased a new position in shares of Silicon Laboratories in the 4th quarter worth about $237,000.

Insider Activity at Silicon Laboratories

In related news, Director William G. Bock sold 2,000 shares of the company's stock in a transaction 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 transaction, the director now owns 32,115 shares in the company, valued at approximately $4,520,828.55. This represents a 5.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Navdeep S. Sooch sold 2,360 shares of the firm's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $149.00, for a total value of $351,640.00. Following the transaction, the director now owns 400,567 shares of the company's stock, valued at approximately $59,684,483. The trade was a 0.59 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,360 shares of company stock valued at $782,610. 1.60% of the stock is owned by company insiders.

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Wall Street Analyst Weigh In

SLAB has been the subject of a number of analyst reports. Benchmark restated a "buy" rating and set a $160.00 price objective on shares of Silicon Laboratories in a research note on Wednesday, March 12th. Susquehanna began coverage on shares of Silicon Laboratories in a report on Tuesday, December 17th. They issued a "neutral" rating and a $130.00 price objective for the company. StockNews.com cut Silicon Laboratories from a "hold" rating to a "sell" rating in a research report on Thursday, March 27th. Barclays lifted their target price on Silicon Laboratories from $75.00 to $120.00 and gave the stock an "equal weight" rating in a report on Friday, January 17th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $150.00 price objective on shares of Silicon Laboratories in a research report on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $136.20.

Silicon Laboratories Trading Up 0.3 %

Silicon Laboratories stock traded up $0.31 during midday trading on Tuesday, hitting $91.61. The stock had a trading volume of 106,302 shares, compared to its average volume of 406,957. The company has a market capitalization of $2.97 billion, a PE ratio of -15.42 and a beta of 1.33. Silicon Laboratories Inc. has a 52-week low of $82.82 and a 52-week high of $160.00. The firm's fifty day moving average is $126.42 and its two-hundred day moving average is $122.32.

Silicon Laboratories (NASDAQ:SLAB - Get Free Report) last released its earnings results on Tuesday, February 4th. The semiconductor company reported ($0.11) earnings per share 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 company had revenue of $166.25 million for the quarter, compared to analysts' expectations of $166.09 million. During the same quarter in the previous year, the company earned ($1.19) EPS. Silicon Laboratories's revenue for the quarter was up 91.4% on a year-over-year basis. As a group, equities research analysts predict that Silicon Laboratories Inc. will post -0.97 earnings per share for the current fiscal year.

Silicon Laboratories 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.