Segall Bryant & Hamill LLC Acquires 13,043 Shares of Silicon Laboratories Inc. (NASDAQ:SLAB)

Segall Bryant & Hamill LLC raised its holdings in Silicon Laboratories Inc. (NASDAQ:SLAB - Free Report) by 17.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 87,810 shares of the semiconductor company's stock after buying an additional 13,043 shares during the quarter. Segall Bryant & Hamill LLC owned 0.27% of Silicon Laboratories worth $10,908,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp increased its stake in Silicon Laboratories by 44.5% in the fourth quarter. Jones Financial Companies Lllp now owns 224 shares of the semiconductor company's stock valued at $28,000 after acquiring an additional 69 shares during the period. Advisors Asset Management Inc. grew its stake in shares of Silicon Laboratories by 159.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 275 shares of the semiconductor company's stock valued at $32,000 after purchasing an additional 169 shares during the period. Venturi Wealth Management LLC raised its holdings in shares of Silicon Laboratories by 207.0% in the 4th quarter. Venturi Wealth Management LLC now owns 786 shares of the semiconductor company's stock worth $98,000 after buying an additional 530 shares in the last quarter. Asset Management One Co. Ltd. bought a new position in shares of Silicon Laboratories during the 4th quarter worth approximately $117,000. Finally, KBC Group NV boosted its stake in Silicon Laboratories by 42.1% in the 4th quarter. KBC Group NV now owns 1,279 shares of the semiconductor company's stock valued at $159,000 after buying an additional 379 shares in the last quarter.

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Wall Street Analyst Weigh In

SLAB has been the subject of a number of analyst reports. Needham & Company LLC reissued a "buy" rating and set a $150.00 price objective on shares of Silicon Laboratories in a report on Wednesday, March 12th. KeyCorp lifted their price target on shares of Silicon Laboratories from $115.00 to $160.00 and gave the company an "overweight" rating in a report on Wednesday, January 22nd. Barclays upped their price objective on shares of Silicon Laboratories from $75.00 to $120.00 and gave the stock an "equal weight" rating in a research note on Friday, January 17th. Susquehanna began coverage on shares of Silicon Laboratories in a research note on Tuesday, December 17th. They issued a "neutral" rating and a $130.00 target price for the company. Finally, Stifel Nicolaus increased their price target on Silicon Laboratories from $135.00 to $145.00 and gave the stock a "buy" rating in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $136.20.

Insider Activity

In other Silicon Laboratories news, Director William G. Bock sold 2,000 shares of Silicon Laboratories stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $140.77, for a total transaction of $281,540.00. Following the completion of the sale, the director now owns 32,115 shares of the company's stock, valued at approximately $4,520,828.55. The trade was a 5.86 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Navdeep S. Sooch sold 2,360 shares of the company's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $149.00, for a total transaction of $351,640.00. Following the sale, the director now owns 400,567 shares of the company's stock, valued at $59,684,483. The trade was a 0.59 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,360 shares of company stock valued at $782,610. 1.60% of the stock is currently owned by insiders.

Silicon Laboratories Stock Down 5.5 %

NASDAQ:SLAB traded down $6.54 during trading hours on Friday, hitting $113.03. 340,644 shares of the stock were exchanged, compared to its average volume of 314,853. The company has a market capitalization of $3.67 billion, a P/E ratio of -19.03 and a beta of 1.15. The company's 50 day moving average is $136.65 and its two-hundred day moving average is $123.76. Silicon Laboratories Inc. has a twelve month low of $94.00 and a twelve month high of $160.00.

Silicon Laboratories (NASDAQ:SLAB - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported ($0.11) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.11). The business had revenue of $166.25 million for the quarter, compared to analyst estimates of $166.09 million. Silicon Laboratories had a negative return on equity of 10.46% and a negative net margin of 32.69%. The firm's revenue for the quarter was up 91.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($1.19) earnings per share. On average, equities research analysts expect that Silicon Laboratories Inc. will post -0.97 EPS for the current year.

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.