Silicon Laboratories, Inc. $SLAB Stock Position Raised by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ boosted its holdings in Silicon Laboratories, Inc. (NASDAQ:SLAB) by 82.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,504 shares of the semiconductor company’s stock after acquiring an additional 3,400 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Silicon Laboratories were worth $984,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. First Horizon Corp bought a new position in shares of Silicon Laboratories during the third quarter valued at approximately $35,000. UMB Bank n.a. grew its stake in Silicon Laboratories by 43.9% during the 3rd quarter. UMB Bank n.a. now owns 282 shares of the semiconductor company’s stock worth $37,000 after buying an additional 86 shares during the last quarter. Mather Group LLC. acquired a new stake in Silicon Laboratories in the third quarter worth $39,000. Hantz Financial Services Inc. lifted its stake in 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 buying an additional 237 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings 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 acquiring an additional 272 shares during the period.

Wall Street Analyst Weigh In

SLAB has been the topic of a number of analyst reports. Citigroup increased their price objective 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. Benchmark lowered shares of Silicon Laboratories from a “buy” rating to a “hold” rating in a research note on Wednesday, February 4th. Royal Bank Of Canada lifted their price target on Silicon Laboratories from $160.00 to $205.00 and gave the company a “sector perform” rating in a report on Thursday, February 5th. KeyCorp lowered Silicon Laboratories from an “overweight” rating to a “hold” rating in a report on Wednesday, February 4th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Silicon Laboratories in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $167.78.

Insider Buying and Selling at Silicon Laboratories

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

Silicon Laboratories Trading Down 0.1%

Shares of NASDAQ:SLAB opened at $204.64 on Friday. The company has a 50 day moving average of $157.68 and a 200-day moving average of $141.00. The firm has a market cap of $6.74 billion, a P/E ratio of -102.83 and a beta of 1.56. Silicon Laboratories, Inc. has a twelve month low of $82.82 and a twelve month high of $208.84.

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