Vanguard Group Inc. Has $507.60 Million Stake in Silicon Laboratories, Inc. $SLAB

Vanguard Group Inc. increased its holdings in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB) by 1.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,870,975 shares of the semiconductor company’s stock after acquiring an additional 73,773 shares during the quarter. Vanguard Group Inc. owned about 0.12% of Silicon Laboratories worth $507,601,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. State of New Jersey Common Pension Fund D boosted its position in Silicon Laboratories by 2.7% during the third quarter. State of New Jersey Common Pension Fund D now owns 15,754 shares of the semiconductor company’s stock worth $2,066,000 after purchasing an additional 410 shares during the period. Herald Investment Management Ltd acquired a new position in Silicon Laboratories in the 3rd quarter valued at about $3,606,000. Public Sector Pension Investment Board acquired a new position in Silicon Laboratories in the 3rd quarter valued at about $4,799,000. Caprock Group LLC bought a new position in Silicon Laboratories in the 3rd quarter valued at about $581,000. Finally, MQS Management LLC acquired a new stake in Silicon Laboratories during the third quarter worth approximately $239,000.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. KeyCorp downgraded Silicon Laboratories from an “overweight” rating to a “hold” rating in a research report on Wednesday, February 4th. Citigroup upped their price objective on Silicon Laboratories from $135.00 to $231.00 and gave the company a “neutral” rating in a report on Friday, February 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Silicon Laboratories in a report on Monday, December 29th. Royal Bank Of Canada boosted their target price on shares of Silicon Laboratories from $160.00 to $205.00 and gave the company a “sector perform” rating in a research report on Thursday, February 5th. Finally, Needham & Company LLC lowered shares of Silicon Laboratories from a “buy” rating to a “hold” rating in a research report on Wednesday, February 4th. One research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $167.78.

Silicon Laboratories Stock Down 0.1%

Shares of Silicon Laboratories stock opened at $204.16 on Thursday. Silicon Laboratories, Inc. has a 12-month low of $82.82 and a 12-month high of $208.84. The company has a market capitalization of $6.73 billion, a price-to-earnings ratio of -102.59 and a beta of 1.56. The firm’s 50-day moving average price is $161.91 and its two-hundred day moving average price is $142.68.

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

Insider Buying and Selling at Silicon Laboratories

In other news, SVP Brandon Tolany sold 4,246 shares of the business’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $140.17, for a total transaction of $595,161.82. Following the completion of the transaction, the senior vice president owned 62,381 shares of the company’s stock, valued at approximately $8,743,944.77. The trade was a 6.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Nina Richardson sold 1,355 shares of the company’s 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 sale, the director owned 8,543 shares of the company’s stock, valued at approximately $1,272,907. This represents a 13.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 7,555 shares of company stock worth $1,073,528. Corporate insiders own 1.60% of the company’s stock.

About Silicon Laboratories

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.