Silicon Laboratories Inc. (NASDAQ:SLAB) Shares Purchased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lifted its position in shares of Silicon Laboratories Inc. (NASDAQ:SLAB - Free Report) by 17.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 154,593 shares of the semiconductor company's stock after purchasing an additional 23,045 shares during the quarter. Thrivent Financial for Lutherans owned 0.48% of Silicon Laboratories worth $19,204,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Jones Financial Companies Lllp increased its holdings 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 buying an additional 69 shares in the last quarter. Pacer Advisors Inc. raised its holdings in Silicon Laboratories by 1.8% in the 4th quarter. Pacer Advisors Inc. now owns 4,839 shares of the semiconductor company's stock worth $601,000 after purchasing an additional 87 shares during the period. Louisiana State Employees Retirement System raised its holdings in Silicon Laboratories by 1.1% in the 4th quarter. Louisiana State Employees Retirement System now owns 9,000 shares of the semiconductor company's stock worth $1,118,000 after purchasing an additional 100 shares during the period. Oppenheimer Asset Management Inc. boosted its position in Silicon Laboratories by 1.4% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 7,169 shares of the semiconductor company's stock worth $891,000 after purchasing an additional 102 shares in the last quarter. Finally, Procyon Advisors LLC grew its holdings in Silicon Laboratories by 4.4% in the fourth quarter. Procyon Advisors LLC now owns 3,176 shares of the semiconductor company's stock valued at $395,000 after purchasing an additional 133 shares during the period.

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Silicon Laboratories Trading Down 1.3 %

NASDAQ SLAB traded down $1.66 on Wednesday, reaching $121.37. 353,747 shares of the company were exchanged, compared to its average volume of 305,226. The business's fifty day moving average price is $137.67 and its 200 day moving average price is $123.52. The stock has a market capitalization of $3.94 billion, a P/E ratio of -20.43 and a beta of 1.15. Silicon Laboratories Inc. has a fifty-two week low of $94.00 and a fifty-two week high of $160.00.

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Benchmark reissued a "buy" rating and issued a $160.00 price target on shares of Silicon Laboratories in a research note on Wednesday, March 12th. Stifel Nicolaus increased 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. StockNews.com upgraded shares of Silicon Laboratories from a "sell" rating to a "hold" rating in a research report on Tuesday, March 18th. Susquehanna started coverage on Silicon Laboratories in a report on Tuesday, December 17th. They issued a "neutral" rating and a $130.00 price objective on the stock. Finally, KeyCorp boosted their price objective on Silicon Laboratories from $115.00 to $160.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 22nd. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $136.20.

Insider Transactions at Silicon Laboratories

In other news, Director William G. Bock sold 1,000 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $149.43, for a total value of $149,430.00. Following the transaction, the director now owns 31,115 shares of the company's stock, valued at $4,649,514.45. This represents a 3.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Navdeep S. Sooch sold 2,360 shares of the firm's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $149.00, for a total value of $351,640.00. Following the sale, the director now directly owns 400,567 shares of the company's stock, valued at $59,684,483. The trade was a 0.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,360 shares of company stock worth $782,610 in the last 90 days. Insiders own 1.72% of the company's stock.

About Silicon Laboratories

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.