Silicon Laboratories, Inc. (NASDAQ:SLAB) Stake Increased by Vanguard Group Inc.
Vanguard Group Inc. increased its position in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB) by 5.1% during the first quarter, Holdings Channel reports. The institutional investor owned 3,292,023 shares of the semiconductor company’s stock after buying an additional 160,997 shares during the period. Vanguard Group Inc. owned approximately 0.08% of Silicon Laboratories worth $242,129,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP raised its position in Silicon Laboratories by 710.8% in the first quarter. Wellington Management Group LLP now owns 722,636 shares of the semiconductor company’s stock worth $53,150,000 after buying an additional 633,507 shares in the last quarter. Norges Bank bought a new position in Silicon Laboratories during the fourth quarter worth $24,416,000. GW&K Investment Management LLC bought a new position in Silicon Laboratories during the first quarter worth $26,565,000. Columbus Circle Investors raised its position in Silicon Laboratories by 110.7% in the first quarter. Columbus Circle Investors now owns 218,499 shares of the semiconductor company’s stock worth $16,071,000 after buying an additional 114,799 shares in the last quarter. Finally, Robecosam AG raised its position in Silicon Laboratories by 90.9% in the first quarter. Robecosam AG now owns 210,000 shares of the semiconductor company’s stock worth $15,435,000 after buying an additional 100,000 shares in the last quarter. Institutional investors own 89.46% of the company’s stock.
Shares of Silicon Laboratories, Inc. (NASDAQ SLAB) opened at 68.30 on Tuesday. The firm has a 50-day moving average price of $72.98 and a 200-day moving average price of $70.63. The stock has a market capitalization of $2.89 billion, a P/E ratio of 40.95 and a beta of 1.24. Silicon Laboratories, Inc. has a 52-week low of $47.32 and a 52-week high of $78.45.
Silicon Laboratories (NASDAQ:SLAB) last released its quarterly earnings data on Wednesday, April 26th. The semiconductor company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.23. The business had revenue of $179 million for the quarter, compared to analysts’ expectations of $176.89 million. Silicon Laboratories had a return on equity of 11.36% and a net margin of 9.95%. The firm’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.51 EPS. On average, analysts predict that Silicon Laboratories, Inc. will post $2.93 EPS for the current year.
TRADEMARK VIOLATION NOTICE: This story was originally posted by Daily Political and is the property of of Daily Political. If you are reading this story on another publication, it was copied illegally and republished in violation of U.S. and international copyright laws. The legal version of this story can be viewed at https://www.dailypolitical.com/2017/07/11/silicon-laboratories-inc-nasdaqslab-stake-increased-by-vanguard-group-inc.html.
SLAB has been the topic of a number of recent research reports. Zacks Investment Research lowered Silicon Laboratories from a “hold” rating to a “sell” rating in a report on Friday, April 28th. DA Davidson increased their price target on Silicon Laboratories from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Wednesday, April 26th. Canaccord Genuity reaffirmed a “buy” rating and set a $83.00 price target on shares of Silicon Laboratories in a research report on Thursday, April 27th. BidaskClub downgraded Silicon Laboratories from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 16th. Finally, Stifel Nicolaus increased their price target on Silicon Laboratories from $80.00 to $82.00 and gave the company a “buy” rating in a research report on Monday, May 1st. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $77.18.
In other news, Director William P. Wood sold 5,000 shares of the stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $68.55, for a total transaction of $342,750.00. Following the transaction, the director now directly owns 30,526 shares of the company’s stock, valued at approximately $2,092,557.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Nina Richardson sold 1,669 shares of the stock in a transaction on Friday, April 21st. The shares were sold at an average price of $72.35, for a total value of $120,752.15. Following the transaction, the director now directly owns 4,371 shares in the company, valued at $316,241.85. The disclosure for this sale can be found here. Insiders have sold a total of 124,995 shares of company stock worth $9,191,339 over the last three months. Insiders own 34.82% of the company’s stock.
About Silicon Laboratories
Silicon Laboratories Inc is a provider of silicon, software and solutions for the Internet of Things (IoT), Internet infrastructure, industrial, consumer and automotive markets. The Company operates through mixed-signal analog intensive products segment. It provides analog-intensive, mixed-signal solutions for use in a range of electronic products in various applications for the IoT market.
Want to see what other hedge funds are holding SLAB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Silicon Laboratories, Inc. (NASDAQ:SLAB).
Receive News & Ratings for Silicon Laboratories Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Silicon Laboratories Inc. and related companies with MarketBeat.com's FREE daily email newsletter.