Commerce Bank boosted its stake in Silicon Laboratories, Inc. (NASDAQ:SLAB) by 31.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,868 shares of the semiconductor company’s stock after buying an additional 1,883 shares during the period. Commerce Bank’s holdings in Silicon Laboratories were worth $629,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of SLAB. Capstone Asset Management Co. lifted its holdings in Silicon Laboratories by 8.6% in the second quarter. Capstone Asset Management Co. now owns 3,280 shares of the semiconductor company’s stock worth $224,000 after buying an additional 260 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in Silicon Laboratories by 4.8% in the second quarter. Oregon Public Employees Retirement Fund now owns 15,359 shares of the semiconductor company’s stock worth $1,050,000 after buying an additional 703 shares during the period. LS Investment Advisors LLC lifted its holdings 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 during the period. Louisiana State Employees Retirement System lifted its holdings in Silicon Laboratories by 3.8% in the second quarter. Louisiana State Employees Retirement System now owns 11,000 shares of the semiconductor company’s stock worth $752,000 after buying an additional 400 shares during the period. Finally, State Treasurer State of Michigan lifted its holdings in Silicon Laboratories by 2.9% in the second quarter. State Treasurer State of Michigan now owns 17,500 shares of the semiconductor company’s stock worth $1,196,000 after buying an additional 500 shares during the period. Institutional investors and hedge funds own 90.21% of the company’s stock.

In related news, CFO John C. Hollister sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $78.45, for a total transaction of $156,900.00. Following the completion of the sale, the chief financial officer now owns 66,767 shares of the company’s stock, valued at $5,237,871.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO George Tyson Tuttle sold 3,713 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $80.00, for a total transaction of $297,040.00. Following the sale, the chief executive officer now directly owns 204,879 shares of the company’s stock, valued at approximately $16,390,320. The disclosure for this sale can be found here. Insiders have sold 46,700 shares of company stock valued at $3,828,729 in the last three months. 34.82% of the stock is owned by insiders.

SLAB has been the subject of several research analyst reports. Stifel Nicolaus raised their price objective on shares of Silicon Laboratories from $85.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, October 12th. Zacks Investment Research raised shares of Silicon Laboratories from a “hold” rating to a “buy” rating and set a $98.00 target price for the company in a research note on Saturday, October 14th. BidaskClub raised shares of Silicon Laboratories from a “hold” rating to a “buy” rating in a research note on Wednesday, August 16th. Needham & Company LLC reaffirmed a “buy” rating and set a $85.00 target price (up previously from $80.00) on shares of Silicon Laboratories in a research note on Thursday, July 27th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $95.00 target price (up previously from $85.00) on shares of Silicon Laboratories in a research note on Tuesday, October 10th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $98.89.

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Shares of Silicon Laboratories, Inc. (SLAB) traded up $1.25 on Tuesday, hitting $93.45. 218,600 shares of the company traded hands, compared to its average volume of 281,636. The company has a market capitalization of $3,924.51, a P/E ratio of 40.44, a P/E/G ratio of 2.73 and a beta of 1.40. The company has a quick ratio of 5.20, a current ratio of 5.66 and a debt-to-equity ratio of 0.40. Silicon Laboratories, Inc. has a 12 month low of $61.80 and a 12 month high of $95.55.

Silicon Laboratories (NASDAQ:SLAB) last announced its quarterly earnings results on Wednesday, October 25th. The semiconductor company reported $0.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.09. The company had revenue of $198.70 million during the quarter, compared to the consensus estimate of $196.20 million. Silicon Laboratories had a net margin of 9.60% and a return on equity of 11.06%. The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.77 earnings per share. equities analysts predict that Silicon Laboratories, Inc. will post 2.25 earnings per share for the current fiscal year.

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.

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

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