Silicon Laboratories, Inc. $SLAB Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC grew its holdings in Silicon Laboratories, Inc. (NASDAQ:SLAB) by 191.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,367 shares of the semiconductor company’s stock after purchasing an additional 45,543 shares during the quarter. Intech Investment Management LLC owned approximately 0.21% of Silicon Laboratories worth $9,096,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of Silicon Laboratories in the third quarter valued at approximately $1,192,000. Azzad Asset Management Inc. ADV acquired a new stake in Silicon Laboratories during the third quarter worth approximately $924,000. Thrivent Financial for Lutherans grew its stake in Silicon Laboratories by 109.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 113,337 shares of the semiconductor company’s stock worth $14,862,000 after acquiring an additional 59,207 shares during the period. JPMorgan Chase & Co. raised its holdings in Silicon Laboratories by 51.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 170,704 shares of the semiconductor company’s stock valued at $25,155,000 after acquiring an additional 58,109 shares during the last quarter. Finally, Creative Planning raised its holdings in Silicon Laboratories by 36.4% in the 2nd quarter. Creative Planning now owns 14,321 shares of the semiconductor company’s stock valued at $2,110,000 after acquiring an additional 3,820 shares during the last quarter.

Analyst Ratings Changes

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

Insider Buying and Selling at Silicon Laboratories

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

Silicon Laboratories Price Performance

Shares of NASDAQ:SLAB opened at $204.53 on Friday. The business has a 50-day moving average of $164.71 and a two-hundred day moving average of $143.66. The firm has a market capitalization of $6.74 billion, a PE ratio of -102.78 and a beta of 1.56. Silicon Laboratories, Inc. has a 12 month low of $82.82 and a 12 month high of $208.84.

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

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.