Silicon Laboratories Inc. (NASDAQ:SLAB) Shares Bought by Schwartz Investment Counsel Inc.

Schwartz Investment Counsel Inc. boosted its position in shares of Silicon Laboratories Inc. (NASDAQ:SLAB - Free Report) by 17.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 230,000 shares of the semiconductor company's stock after purchasing an additional 35,000 shares during the period. Schwartz Investment Counsel Inc. owned about 0.71% of Silicon Laboratories worth $26,581,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SLAB. Vanguard Group Inc. lifted its position in shares of Silicon Laboratories by 0.7% during the first quarter. Vanguard Group Inc. now owns 3,489,160 shares of the semiconductor company's stock worth $501,462,000 after purchasing an additional 24,997 shares during the last quarter. Capital Research Global Investors lifted its holdings in Silicon Laboratories by 29.9% during the 1st quarter. Capital Research Global Investors now owns 1,217,939 shares of the semiconductor company's stock valued at $175,042,000 after buying an additional 280,000 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Silicon Laboratories by 2.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 639,065 shares of the semiconductor company's stock valued at $70,699,000 after buying an additional 12,680 shares during the period. Van Berkom & Associates Inc. grew its stake in Silicon Laboratories by 8.4% in the 2nd quarter. Van Berkom & Associates Inc. now owns 609,232 shares of the semiconductor company's stock worth $67,399,000 after acquiring an additional 47,058 shares in the last quarter. Finally, Federated Hermes Inc. increased its position in shares of Silicon Laboratories by 2.2% during the second quarter. Federated Hermes Inc. now owns 545,833 shares of the semiconductor company's stock worth $60,386,000 after acquiring an additional 11,981 shares during the period.

Silicon Laboratories Trading Up 0.3 %

Shares of SLAB traded up $0.30 during trading hours on Friday, hitting $113.69. The company had a trading volume of 132,695 shares, compared to its average volume of 295,271. The company has a market capitalization of $3.63 billion, a PE ratio of -34.35 and a beta of 1.19. Silicon Laboratories Inc. has a one year low of $74.56 and a one year high of $154.91. The company's fifty day moving average price is $112.97 and its two-hundred day moving average price is $116.40.

Silicon Laboratories (NASDAQ:SLAB - Get Free Report) last announced its earnings results on Wednesday, July 24th. The semiconductor company reported ($0.56) EPS for the quarter, topping analysts' consensus estimates of ($0.64) by $0.08. Silicon Laboratories had a negative net margin of 36.53% and a negative return on equity of 9.13%. The business had revenue of $145.40 million during the quarter, compared to the consensus estimate of $140.18 million. During the same period in the previous year, the company posted $0.59 earnings per share. The firm's revenue was down 40.6% on a year-over-year basis. Analysts forecast that Silicon Laboratories Inc. will post -3.41 earnings per share for the current year.

Insider Transactions at Silicon Laboratories

In related news, SVP Brandon Tolany sold 845 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $115.00, for a total transaction of $97,175.00. Following the completion of the sale, the senior vice president now owns 43,615 shares of the company's stock, valued at $5,015,725. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.72% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SLAB. StockNews.com upgraded Silicon Laboratories to a "sell" rating in a report on Tuesday, July 23rd. Needham & Company LLC reiterated a "buy" rating and issued a $150.00 target price on shares of Silicon Laboratories in a report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $135.00.

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.