Rice Hall James & Associates LLC Purchases 499 Shares of Silicon Laboratories, Inc. (SLAB)
Rice Hall James & Associates LLC boosted its position in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB) by 0.2% during the second quarter, Holdings Channel reports. The institutional investor owned 255,620 shares of the semiconductor company’s stock after buying an additional 499 shares during the period. Rice Hall James & Associates LLC’s holdings in Silicon Laboratories were worth $17,472,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. increased its stake in Silicon Laboratories by 3.0% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,685 shares of the semiconductor company’s stock worth $124,000 after buying an additional 49 shares in the last quarter. Pier 88 Investment Partners LLC purchased a new stake in Silicon Laboratories during the second quarter worth about $187,000. Capstone Asset Management Co. purchased a new stake in Silicon Laboratories during the first quarter worth about $222,000. Oppenheimer Asset Management Inc. purchased a new stake in Silicon Laboratories during the first quarter worth about $224,000. Finally, LS Investment Advisors LLC increased its stake in Silicon Laboratories by 18.0% in the second quarter. LS Investment Advisors LLC now owns 3,355 shares of the semiconductor company’s stock worth $229,000 after buying an additional 512 shares in the last quarter. Institutional investors and hedge funds own 88.64% of the company’s stock.
Silicon Laboratories, Inc. (NASDAQ SLAB) opened at 74.55 on Friday. The stock has a market capitalization of $3.17 billion, a PE ratio of 44.45 and a beta of 1.25. Silicon Laboratories, Inc. has a 12-month low of $52.00 and a 12-month high of $79.15. The company has a 50-day moving average price of $71.55 and a 200-day moving average price of $71.85.
Silicon Laboratories (NASDAQ:SLAB) last issued its quarterly earnings results on Wednesday, July 26th. The semiconductor company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.08. The company had revenue of $190.10 million for the quarter, compared to the consensus estimate of $186.46 million. Silicon Laboratories had a return on equity of 11.15% and a net margin of 9.88%. Silicon Laboratories’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.75 earnings per share. Analysts expect that Silicon Laboratories, Inc. will post $3.06 earnings per share for the current fiscal year.
A number of research firms have issued reports on SLAB. B. Riley restated a “buy” rating and set a $81.00 price target on shares of Silicon Laboratories in a research note on Tuesday, May 2nd. Zacks Investment Research raised Silicon Laboratories from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a research report on Thursday, August 3rd. Stifel Nicolaus reaffirmed a “buy” rating and set a $85.00 price objective (up from $82.00) on shares of Silicon Laboratories in a research report on Thursday, July 27th. Needham & Company LLC reaffirmed a “buy” rating and set a $85.00 price objective (up from $80.00) on shares of Silicon Laboratories in a research report on Thursday, July 27th. Finally, Drexel Hamilton reaffirmed a “buy” rating and set a $85.00 price objective (up from $80.00) on shares of Silicon Laboratories in a research report on Saturday, April 29th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $80.70.
In other news, CFO John C. Hollister sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $70.55, for a total value of $141,100.00. Following the transaction, the chief financial officer now owns 74,767 shares in the company, valued at $5,274,811.85. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William P. Wood sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $76.35, for a total value of $381,750.00. Following the completion of the transaction, the director now owns 30,526 shares in the company, valued at approximately $2,330,660.10. The disclosure for this sale can be found here. Insiders have sold 98,500 shares of company stock worth $7,322,125 in the last quarter. 34.82% of the stock is currently owned by company insiders.
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.