Stephens Investment Management Group LLC Sells 12,577 Shares of Silicon Laboratories Inc. (NASDAQ:SLAB)

Stephens Investment Management Group LLC reduced its holdings in shares of Silicon Laboratories Inc. (NASDAQ:SLAB - Free Report) by 4.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 287,901 shares of the semiconductor company's stock after selling 12,577 shares during the quarter. Stephens Investment Management Group LLC owned 0.89% of Silicon Laboratories worth $33,273,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Cullen Frost Bankers Inc. bought a new stake in shares of Silicon Laboratories during the 2nd quarter valued at approximately $28,000. Fidelis Capital Partners LLC bought a new stake in shares of Silicon Laboratories in the 1st quarter valued at about $55,000. GAMMA Investing LLC boosted its holdings in Silicon Laboratories by 84.1% in the third quarter. GAMMA Investing LLC now owns 497 shares of the semiconductor company's stock valued at $57,000 after acquiring an additional 227 shares during the last quarter. Daiwa Securities Group Inc. acquired a new stake in shares of Silicon Laboratories during the second quarter worth $60,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Silicon Laboratories during the 2nd quarter valued at about $82,000.

Silicon Laboratories Trading Up 2.3 %

Shares of Silicon Laboratories stock traded up $2.37 on Friday, reaching $106.23. The stock had a trading volume of 399,707 shares, compared to its average volume of 294,207. The business's 50 day moving average is $113.27 and its two-hundred day moving average is $115.96. The company has a market cap of $3.43 billion, a P/E ratio of -16.75 and a beta of 1.19. Silicon Laboratories Inc. has a 1 year low of $84.08 and a 1 year high of $154.91.

Insider Transactions at Silicon Laboratories

In other news, SVP Brandon Tolany sold 845 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $115.00, for a total transaction of $97,175.00. Following the transaction, the senior vice president now directly owns 43,615 shares in the company, valued at approximately $5,015,725. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.72% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on SLAB shares. Needham & Company LLC restated a "buy" rating and issued a $150.00 target price on shares of Silicon Laboratories in a research note on Thursday, July 25th. StockNews.com raised shares of Silicon Laboratories to a "sell" rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, Silicon Laboratories presently has a consensus rating of "Hold" and an average price target of $138.57.

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.