Wells Fargo & Company MN increased its position in Silicon Laboratories (NASDAQ:SLAB) by 1.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 163,678 shares of the semiconductor company’s stock after buying an additional 2,223 shares during the period. Wells Fargo & Company MN owned about 0.38% of Silicon Laboratories worth $14,452,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Advisors Asset Management Inc. grew its holdings in Silicon Laboratories by 75.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,292 shares of the semiconductor company’s stock valued at $103,000 after purchasing an additional 554 shares during the last quarter. Public Employees Retirement Association of Colorado bought a new position in Silicon Laboratories in the 4th quarter worth about $155,000. M&T Bank Corp bought a new position in Silicon Laboratories in the 4th quarter worth about $202,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Silicon Laboratories by 52.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,479 shares of the semiconductor company’s stock valued at $219,000 after purchasing an additional 856 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC bought a new position in shares of Silicon Laboratories during the third quarter valued at approximately $222,000. 89.57% of the stock is owned by institutional investors.
A number of research analysts have issued reports on the stock. Zacks Investment Research cut shares of Silicon Laboratories from a “buy” rating to a “hold” rating in a report on Friday, January 5th. B. Riley restated a “buy” rating on shares of Silicon Laboratories in a research report on Monday, January 29th. Stifel Nicolaus restated a “buy” rating and set a $108.00 price target (up previously from $100.00) on shares of Silicon Laboratories in a research report on Thursday, January 18th. BidaskClub upgraded shares of Silicon Laboratories from a “hold” rating to a “buy” rating in a research report on Saturday, January 6th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $115.00 price target (up from $110.00) on shares of Silicon Laboratories in a research note on Thursday, February 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the stock. Silicon Laboratories currently has an average rating of “Buy” and an average price target of $102.89.
In other news, SVP Brandon Tolany sold 9,060 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $91.47, for a total transaction of $828,718.20. Following the transaction, the senior vice president now directly owns 44,246 shares of the company’s stock, valued at approximately $4,047,181.62. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director William G. Bock sold 2,500 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $91.91, for a total transaction of $229,775.00. Following the transaction, the director now directly owns 40,926 shares in the company, valued at $3,761,508.66. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,676 shares of company stock valued at $3,378,918. 1.96% of the stock is owned by insiders.
Silicon Laboratories stock traded down $2.63 during midday trading on Thursday, reaching $93.42. 49,373 shares of the company’s stock traded hands, compared to its average volume of 235,391. The company has a quick ratio of 5.39, a current ratio of 5.84 and a debt-to-equity ratio of 0.36. Silicon Laboratories has a 12 month low of $66.35 and a 12 month high of $101.90. The firm has a market cap of $4,153.03, a PE ratio of 88.12, a PEG ratio of 2.55 and a beta of 1.38.
Silicon Laboratories (NASDAQ:SLAB) last issued its earnings results on Wednesday, January 31st. The semiconductor company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.07. Silicon Laboratories had a net margin of 6.12% and a return on equity of 11.11%. The business had revenue of $201.02 million during the quarter, compared to analysts’ expectations of $197.93 million. During the same quarter in the prior year, the business posted $0.75 EPS. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. sell-side analysts predict that Silicon Laboratories will post 2.52 earnings per share for the current year.
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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.
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