Emerald Advisers LLC Makes New Investment in Silicon Laboratories Inc. (NASDAQ:SLAB)

Emerald Advisers LLC bought a new stake in Silicon Laboratories Inc. (NASDAQ:SLAB - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,187 shares of the semiconductor company's stock, valued at approximately $1,177,000.

A number of other large investors have also bought and sold shares of SLAB. Harbor Capital Advisors Inc. boosted its stake in Silicon Laboratories by 8.5% in the second quarter. Harbor Capital Advisors Inc. now owns 1,292 shares of the semiconductor company's stock valued at $143,000 after acquiring an additional 101 shares during the last quarter. Orion Portfolio Solutions LLC raised its holdings in Silicon Laboratories by 1.1% during the first quarter. Orion Portfolio Solutions LLC now owns 9,858 shares of the semiconductor company's stock worth $1,417,000 after acquiring an additional 103 shares in the last quarter. Victory Capital Management Inc. grew its stake in Silicon Laboratories by 2.3% in the second quarter. Victory Capital Management Inc. now owns 6,638 shares of the semiconductor company's stock valued at $734,000 after purchasing an additional 150 shares in the last quarter. State of Michigan Retirement System increased its holdings in Silicon Laboratories by 2.6% during the first quarter. State of Michigan Retirement System now owns 7,797 shares of the semiconductor company's stock worth $1,121,000 after buying an additional 200 shares during the last quarter. Finally, Arizona State Retirement System increased its stake in shares of Silicon Laboratories by 2.3% during the 2nd quarter. Arizona State Retirement System now owns 8,936 shares of the semiconductor company's stock worth $989,000 after purchasing an additional 202 shares during the last quarter.

Silicon Laboratories Price Performance

NASDAQ SLAB traded down $1.49 during mid-day trading on Monday, reaching $104.74. 411,483 shares of the stock were exchanged, compared to its average volume of 294,758. The stock has a market cap of $3.38 billion, a P/E ratio of -16.95 and a beta of 1.20. The stock has a 50 day simple moving average of $112.84 and a 200-day simple moving average of $115.65. Silicon Laboratories Inc. has a one year low of $90.65 and a one year high of $154.91.

Analyst Ratings Changes

A number of brokerages have commented on SLAB. Needham & Company LLC reaffirmed a "buy" rating and issued a $150.00 price objective on shares of Silicon Laboratories in a report on Thursday, July 25th. StockNews.com raised shares of Silicon Laboratories to a "sell" rating in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Silicon Laboratories presently has a consensus rating of "Hold" and a consensus price target of $140.00.

Insider Activity

In related news, SVP Brandon Tolany sold 845 shares of the firm's stock in a transaction that occurred on Tuesday, September 3rd. The stock was 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 trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.72% of the stock is owned by company insiders.

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.