Herald Investment Management Ltd Acquires Shares of 27,500 Silicon Laboratories, Inc. $SLAB

Herald Investment Management Ltd acquired a new stake in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 27,500 shares of the semiconductor company’s stock, valued at approximately $3,606,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in SLAB. First Horizon Corp bought a new position in Silicon Laboratories in the 3rd quarter valued at about $35,000. UMB Bank n.a. raised its stake in shares of Silicon Laboratories by 43.9% in the third quarter. UMB Bank n.a. now owns 282 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 86 shares during the last quarter. Mather Group LLC. purchased a new stake in shares of Silicon Laboratories in the third quarter worth approximately $39,000. Hantz Financial Services Inc. lifted its holdings in shares of Silicon Laboratories by 189.6% in the third quarter. Hantz Financial Services Inc. now owns 362 shares of the semiconductor company’s stock valued at $47,000 after purchasing an additional 237 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its position in shares of Silicon Laboratories by 121.4% during the first quarter. Jones Financial Companies Lllp now owns 496 shares of the semiconductor company’s stock valued at $56,000 after buying an additional 272 shares during the last quarter.

Analyst Ratings Changes

SLAB has been the subject of a number of analyst reports. Royal Bank Of Canada increased their price target on Silicon Laboratories from $160.00 to $205.00 and gave the company a “sector perform” rating in a research report on Thursday, February 5th. Needham & Company LLC lowered shares of Silicon Laboratories from a “buy” rating to a “hold” rating in a research report on Wednesday, February 4th. Citigroup boosted their price target on shares of Silicon Laboratories from $135.00 to $231.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. KeyCorp cut shares of Silicon Laboratories from an “overweight” rating to a “hold” rating in a research report on Wednesday, February 4th. Finally, Benchmark downgraded Silicon Laboratories from a “buy” rating to a “hold” rating in a research report on Wednesday, February 4th. One analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $167.78.

Insider Buying and Selling at Silicon Laboratories

In other news, Director Nina Richardson sold 1,355 shares of Silicon Laboratories stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $149.00, for a total value of $201,895.00. Following the completion of the transaction, the director directly owned 8,543 shares in the company, valued at approximately $1,272,907. The trade was a 13.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Brandon Tolany sold 1,954 shares of the business’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $141.49, for a total value of $276,471.46. Following the sale, the senior vice president owned 62,381 shares in the company, valued at approximately $8,826,287.69. The trade was a 3.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 7,555 shares of company stock worth $1,073,528. Company insiders own 1.60% of the company’s stock.

Silicon Laboratories Stock Up 0.1%

Shares of NASDAQ:SLAB opened at $207.27 on Friday. The firm has a market capitalization of $6.83 billion, a PE ratio of -104.16 and a beta of 1.56. The company has a 50-day moving average price of $151.24 and a two-hundred day moving average price of $138.41. Silicon Laboratories, Inc. has a twelve month low of $82.82 and a twelve month high of $208.84.

Silicon Laboratories (NASDAQ:SLAB) last posted its quarterly earnings results on Wednesday, February 4th. The semiconductor company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.02. The company had revenue of $208.21 million for the quarter, compared to analyst estimates of $207.63 million. Silicon Laboratories had a negative net margin of 8.27% and a negative return on equity of 4.07%. The company’s quarterly revenue was up 25.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.11) earnings per share. Analysts anticipate that Silicon Laboratories, Inc. will post -0.97 earnings per share for the current fiscal year.

Silicon Laboratories Profile

Silicon Laboratories (NASDAQ:SLAB) is a global semiconductor company that develops high-performance analog and mixed-signal integrated circuits, wireless system-on-chips (SoCs), microcontrollers, and radio frequency (RF) solutions. Its product portfolio is tailored to support the Internet of Things (IoT), infrastructure, industrial automation, consumer electronics, automotive, and energy markets. By combining silicon, software, and tools, Silicon Labs aims to accelerate development cycles and deliver low-power, highly integrated solutions that address demanding application requirements.

Founded in 1996 and headquartered in Austin, Texas, Silicon Labs has grown into a multinational organization with engineering and sales operations across North America, Europe, and Asia.