GW&K Investment Management LLC Has $84.72 Million Stake in Silicon Laboratories Inc. (NASDAQ:SLAB)

GW&K Investment Management LLC grew its holdings in shares of Silicon Laboratories Inc. (NASDAQ:SLAB - Free Report) by 5.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 682,045 shares of the semiconductor company's stock after buying an additional 36,330 shares during the quarter. Silicon Laboratories makes up 0.7% of GW&K Investment Management LLC's portfolio, making the stock its 24th largest position. GW&K Investment Management LLC owned about 2.10% of Silicon Laboratories worth $84,723,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SLAB. Wellington Management Group LLP raised its position in Silicon Laboratories by 28.3% during the third quarter. Wellington Management Group LLP now owns 888,382 shares of the semiconductor company's stock worth $102,670,000 after acquiring an additional 195,997 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Silicon Laboratories in the 3rd quarter valued at about $7,408,000. FMR LLC lifted its stake in Silicon Laboratories by 1.1% in the 3rd quarter. FMR LLC now owns 4,843,370 shares of the semiconductor company's stock valued at $559,748,000 after purchasing an additional 54,708 shares during the last quarter. SG Americas Securities LLC grew its holdings in Silicon Laboratories by 1,106.4% during the fourth quarter. SG Americas Securities LLC now owns 23,791 shares of the semiconductor company's stock worth $2,955,000 after purchasing an additional 21,819 shares during the period. Finally, Proficio Capital Partners LLC acquired a new position in Silicon Laboratories during the fourth quarter worth approximately $2,423,000.

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Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Needham & Company LLC raised their price objective on Silicon Laboratories from $140.00 to $150.00 and gave the company a "buy" rating in a research report on Wednesday, February 5th. JPMorgan Chase & Co. cut their price target on Silicon Laboratories from $150.00 to $135.00 and set an "overweight" rating for the company in a report on Tuesday, November 5th. Stifel Nicolaus upped their price objective on shares of Silicon Laboratories from $135.00 to $145.00 and gave the company a "buy" rating in a report on Monday, January 6th. Barclays raised their target price 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. Finally, StockNews.com lowered shares of Silicon Laboratories from a "hold" rating to a "sell" rating in a research note on Friday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $136.20.

Silicon Laboratories Stock Performance

Shares of SLAB remained flat at $133.96 during mid-day trading on Tuesday. 407,298 shares of the stock traded hands, compared to its average volume of 366,738. Silicon Laboratories Inc. has a 12 month low of $94.00 and a 12 month high of $160.00. The stock has a 50 day moving average of $137.95 and a 200-day moving average of $121.80. The stock has a market capitalization of $4.35 billion, a price-to-earnings ratio of -22.55 and a beta of 1.16.

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

Insider Activity

In other news, Director Navdeep S. Sooch sold 2,360 shares of the business's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $149.00, for a total transaction of $351,640.00. Following the completion of the transaction, the director now owns 400,567 shares of the company's stock, valued at approximately $59,684,483. The trade was a 0.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William G. Bock sold 2,000 shares of the firm's stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $140.77, for a total value of $281,540.00. Following the completion of the sale, the director now directly owns 32,115 shares in the company, valued at $4,520,828.55. This trade represents a 5.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,360 shares of company stock worth $782,610. 1.72% of the stock is currently owned by corporate 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.