Vanguard Group Inc. increased its stake in Silicon Laboratories Inc. (NASDAQ:SLAB - Free Report) by 1.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,959,580 shares of the semiconductor company's stock after buying an additional 71,942 shares during the period. Vanguard Group Inc. owned 12.20% of Silicon Laboratories worth $491,859,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP increased 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 valued at $102,670,000 after acquiring an additional 195,997 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Silicon Laboratories by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 781,049 shares of the semiconductor company's stock worth $90,282,000 after purchasing an additional 15,728 shares in the last quarter. GW&K Investment Management LLC boosted its position in shares of Silicon Laboratories by 5.6% during the fourth quarter. GW&K Investment Management LLC now owns 682,045 shares of the semiconductor company's stock worth $84,723,000 after acquiring an additional 36,330 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Silicon Laboratories by 5.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 439,796 shares of the semiconductor company's stock worth $54,631,000 after purchasing an additional 21,991 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in Silicon Laboratories by 9.2% during the 4th quarter. American Century Companies Inc. now owns 343,131 shares of the semiconductor company's stock valued at $42,624,000 after buying an additional 28,867 shares in the last quarter.
Silicon Laboratories Trading Down 7.1 %
NASDAQ SLAB traded down $7.04 on Friday, reaching $92.08. 506,977 shares of the company were exchanged, compared to its average volume of 319,149. Silicon Laboratories Inc. has a fifty-two week low of $89.05 and a fifty-two week high of $160.00. The business's fifty day moving average price is $133.58 and its 200 day moving average price is $123.65. The stock has a market capitalization of $2.99 billion, a P/E ratio of -15.50 and a beta of 1.33.
Silicon Laboratories (NASDAQ:SLAB - Get Free Report) last posted its earnings results on Tuesday, February 4th. The semiconductor company reported ($0.11) earnings per share for the quarter, meeting the consensus estimate of ($0.11). The company had revenue of $166.25 million for the quarter, compared to analyst estimates of $166.09 million. Silicon Laboratories had a negative net margin of 32.69% and a negative return on equity of 10.46%. Silicon Laboratories's revenue was up 91.4% on a year-over-year basis. During the same period in the previous year, the business posted ($1.19) EPS. Equities research analysts forecast that Silicon Laboratories Inc. will post -0.97 earnings per share for the current year.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on the company. Benchmark reiterated a "buy" rating and issued a $160.00 price target on shares of Silicon Laboratories in a report on Wednesday, March 12th. Needham & Company LLC restated a "buy" rating and set a $150.00 price objective on shares of Silicon Laboratories in a research note on Wednesday, March 12th. StockNews.com lowered shares of Silicon Laboratories from a "hold" rating to a "sell" rating in a report on Thursday, March 27th. Barclays lifted their price objective on shares of Silicon Laboratories from $75.00 to $120.00 and gave the company an "equal weight" rating in a report on Friday, January 17th. Finally, Susquehanna initiated coverage on shares of Silicon Laboratories in a research note on Tuesday, December 17th. They issued a "neutral" rating and a $130.00 price target on the stock. One 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's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $136.20.
Check Out Our Latest Report on Silicon Laboratories
Insider Buying and Selling at Silicon Laboratories
In other news, Director William G. Bock sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $149.43, for a total value of $149,430.00. Following the sale, the director now directly owns 31,115 shares of the company's stock, valued at approximately $4,649,514.45. The trade was a 3.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Navdeep S. Sooch sold 2,360 shares of the company's stock in a transaction that occurred 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 in the company, valued at approximately $59,684,483. This represents a 0.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,360 shares of company stock worth $782,610 over the last quarter. 1.60% of the stock is currently owned by company insiders.
About Silicon Laboratories
(
Free Report)
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.
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