2,161 Shares in Silicon Laboratories Inc. (NASDAQ:SLAB) Acquired by Park Avenue Securities LLC

Park Avenue Securities LLC acquired a new position in Silicon Laboratories Inc. (NASDAQ:SLAB - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 2,161 shares of the semiconductor company's stock, valued at approximately $268,000.

A number of other institutional investors have also made changes to their positions in SLAB. Advisors Asset Management Inc. raised its position in shares of Silicon Laboratories by 159.4% during the third quarter. Advisors Asset Management Inc. now owns 275 shares of the semiconductor company's stock valued at $32,000 after buying an additional 169 shares during the last quarter. GAMMA Investing LLC raised its holdings in Silicon Laboratories by 84.1% in the 3rd quarter. GAMMA Investing LLC now owns 497 shares of the semiconductor company's stock valued at $57,000 after acquiring an additional 227 shares in the last quarter. US Bancorp DE raised its holdings in Silicon Laboratories by 14.0% in the 3rd quarter. US Bancorp DE now owns 1,892 shares of the semiconductor company's stock valued at $219,000 after acquiring an additional 232 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Silicon Laboratories by 12.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,128 shares of the semiconductor company's stock worth $246,000 after purchasing an additional 233 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its position in shares of Silicon Laboratories by 7.2% during the third quarter. State of Alaska Department of Revenue now owns 3,711 shares of the semiconductor company's stock valued at $428,000 after purchasing an additional 250 shares during the period.

Silicon Laboratories Trading Down 4.2 %

SLAB traded down $5.98 during midday trading on Friday, hitting $135.53. The company had a trading volume of 240,445 shares, compared to its average volume of 235,293. Silicon Laboratories Inc. has a twelve month low of $94.00 and a twelve month high of $154.91. The firm's 50-day simple moving average is $123.32 and its 200-day simple moving average is $115.75.

Silicon Laboratories (NASDAQ:SLAB - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The semiconductor company reported ($0.13) earnings per share for the quarter, beating analysts' consensus estimates of ($0.20) by $0.07. The business had revenue of $166.00 million during the quarter, compared to analyst estimates of $165.50 million. Silicon Laboratories had a negative net margin of 46.93% and a negative return on equity of 12.60%. Silicon Laboratories's revenue for the quarter was down 18.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.48 earnings per share. As a group, equities analysts anticipate that Silicon Laboratories Inc. will post -3.56 earnings per share for the current fiscal year.

Insider Transactions at Silicon Laboratories

In other Silicon Laboratories news, Director William G. Bock sold 2,000 shares of the stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $140.77, for a total value of $281,540.00. Following the sale, the director now directly owns 32,115 shares in the company, valued at approximately $4,520,828.55. This trade represents a 5.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.72% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

SLAB has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Silicon Laboratories from $150.00 to $135.00 and set an "overweight" rating for the company in a report on Tuesday, November 5th. Barclays lifted their price objective on Silicon Laboratories from $75.00 to $120.00 and gave the company an "equal weight" rating in a report on Friday, January 17th. StockNews.com raised Silicon Laboratories to a "sell" rating in a report on Friday, November 8th. Benchmark restated a "hold" rating on shares of Silicon Laboratories in a research report on Tuesday, November 5th. Finally, KeyCorp boosted their target price on shares of Silicon Laboratories from $115.00 to $160.00 and gave the company an "overweight" rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $133.56.

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.