6,003 Shares in Silicon Laboratories Inc. (NASDAQ:SLAB) Acquired by Oddo BHF Asset Management Sas

Oddo BHF Asset Management Sas bought a new stake in Silicon Laboratories Inc. (NASDAQ:SLAB - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 6,003 shares of the semiconductor company's stock, valued at approximately $694,000.

A number of other large investors also recently modified their holdings of the stock. Cullen Frost Bankers Inc. bought a new position in Silicon Laboratories during the second quarter worth about $28,000. Advisors Asset Management Inc. grew its stake in Silicon Laboratories by 159.4% during the third quarter. Advisors Asset Management Inc. now owns 275 shares of the semiconductor company's stock worth $32,000 after purchasing an additional 169 shares during the period. 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 worth $57,000 after acquiring an additional 227 shares in the last quarter. Daiwa Securities Group Inc. bought a new stake in Silicon Laboratories during the second quarter worth $60,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in Silicon Laboratories during the second quarter worth $82,000.

Silicon Laboratories Stock Performance

Shares of Silicon Laboratories stock traded down $0.43 during midday trading on Friday, hitting $128.20. The company had a trading volume of 358,809 shares, compared to its average volume of 275,639. The company has a fifty day simple moving average of $111.96 and a 200 day simple moving average of $112.87. Silicon Laboratories Inc. has a 12-month low of $94.00 and a 12-month high of $154.91.

Silicon Laboratories (NASDAQ:SLAB - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The semiconductor company reported ($0.13) EPS for the quarter, topping analysts' consensus estimates of ($0.20) by $0.07. The company had revenue of $166.00 million during the quarter, compared to analysts' expectations of $165.50 million. Silicon Laboratories had a negative return on equity of 12.60% and a negative net margin of 46.93%. The firm's revenue was down 18.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.48 EPS. Sell-side analysts expect that Silicon Laboratories Inc. will post -3.56 EPS for the current year.

Analysts Set New Price Targets

SLAB has been the topic of several recent research reports. Morgan Stanley dropped their price objective on shares of Silicon Laboratories from $123.00 to $97.00 and set an "equal weight" rating on the stock in a report on Tuesday, November 5th. KeyCorp cut their price target on shares of Silicon Laboratories from $150.00 to $115.00 and set an "overweight" rating for the company in a research report on Tuesday, November 5th. JPMorgan Chase & Co. dropped their price target on Silicon Laboratories from $150.00 to $135.00 and set an "overweight" rating for the company in a research note on Tuesday, November 5th. Stifel Nicolaus dropped their target price on shares of Silicon Laboratories from $160.00 to $135.00 and set a "buy" rating on the stock in a report on Tuesday, November 5th. Finally, StockNews.com raised shares of Silicon Laboratories to a "sell" rating in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, Silicon Laboratories presently has an average rating of "Hold" and an average price target of $121.50.

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.