Schwab Charles Investment Management Inc. trimmed its position in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB) by 0.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 233,914 shares of the semiconductor company’s stock after selling 1,849 shares during the period. Schwab Charles Investment Management Inc. owned 0.55% of Silicon Laboratories worth $15,989,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. FMR LLC boosted its holdings in shares of Silicon Laboratories by 1.3% in the first quarter. FMR LLC now owns 6,343,205 shares of the semiconductor company’s stock worth $466,543,000 after acquiring an additional 81,038 shares during the period. BlackRock Inc. boosted its holdings in shares of Silicon Laboratories by 25,072.0% in the first quarter. BlackRock Inc. now owns 4,558,402 shares of the semiconductor company’s stock worth $335,271,000 after acquiring an additional 4,540,293 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Silicon Laboratories by 5.1% in the first quarter. Vanguard Group Inc. now owns 3,292,023 shares of the semiconductor company’s stock worth $242,129,000 after acquiring an additional 160,997 shares during the period. State Street Corp boosted its holdings in shares of Silicon Laboratories by 4.1% in the first quarter. State Street Corp now owns 1,446,066 shares of the semiconductor company’s stock worth $106,361,000 after acquiring an additional 56,814 shares during the period. Finally, Van Berkom & Associates Inc. boosted its holdings in shares of Silicon Laboratories by 0.4% in the second quarter. Van Berkom & Associates Inc. now owns 795,541 shares of the semiconductor company’s stock worth $54,375,000 after acquiring an additional 3,090 shares during the period. 88.98% of the stock is owned by institutional investors and hedge funds.

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Silicon Laboratories, Inc. (NASDAQ:SLAB) opened at 80.15 on Monday. The stock has a market cap of $3.41 billion, a P/E ratio of 47.79 and a beta of 1.25. Silicon Laboratories, Inc. has a 12-month low of $55.44 and a 12-month high of $80.50. The stock has a 50 day moving average price of $75.48 and a 200 day moving average price of $72.76.

Silicon Laboratories (NASDAQ:SLAB) last announced its earnings results on Wednesday, July 26th. The semiconductor company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.08. The firm had revenue of $190.10 million for the quarter, compared to analysts’ expectations of $186.46 million. Silicon Laboratories had a net margin of 9.88% and a return on equity of 11.15%. The business’s revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.75 EPS. On average, analysts forecast that Silicon Laboratories, Inc. will post $3.06 earnings per share for the current fiscal year.

A number of equities analysts have recently commented on SLAB shares. Zacks Investment Research raised Silicon Laboratories from a “hold” rating to a “buy” rating and set a $82.00 price target for the company in a report on Saturday, August 26th. BidaskClub raised Silicon Laboratories from a “hold” rating to a “buy” rating in a report on Wednesday, August 16th. Needham & Company LLC reaffirmed a “buy” rating and issued a $85.00 price target (up from $80.00) on shares of Silicon Laboratories in a report on Thursday, July 27th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $82.00 price target on shares of Silicon Laboratories in a report on Tuesday, June 6th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Silicon Laboratories has an average rating of “Buy” and a consensus price target of $80.70.

In other news, Director William P. Wood sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The shares were 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 $2,092,557.30. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO George Tyson Tuttle sold 13,594 shares of the firm’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $80.07, for a total transaction of $1,088,471.58. Following the transaction, the chief executive officer now directly owns 183,592 shares in the company, valued at $14,700,211.44. The disclosure for this sale can be found here. Insiders sold a total of 48,500 shares of company stock worth $3,736,179 over the last three months. 34.82% of the stock is currently owned by corporate insiders.

Silicon Laboratories Company Profile

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.

Institutional Ownership by Quarter for Silicon Laboratories (NASDAQ:SLAB)

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