Schwab Charles Investment Management Inc. grew its holdings in shares of Silicon Laboratories (NASDAQ:SLAB) by 3.5% during the 4th quarter, HoldingsChannel reports. The fund owned 248,785 shares of the semiconductor company’s stock after acquiring an additional 8,346 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Silicon Laboratories were worth $21,968,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Advisors Asset Management Inc. raised its stake in shares of Silicon Laboratories by 75.1% during the third quarter. Advisors Asset Management Inc. now owns 1,292 shares of the semiconductor company’s stock worth $103,000 after acquiring an additional 554 shares in the last quarter. World Asset Management Inc purchased a new position in shares of Silicon Laboratories during the third quarter worth approximately $216,000. OLD National Bancorp IN purchased a new position in shares of Silicon Laboratories during the third quarter worth approximately $217,000. Dorsey & Whitney Trust CO LLC purchased a new position in shares of Silicon Laboratories during the third quarter worth approximately $222,000. Finally, Neuberger Berman Group LLC bought a new position in shares of Silicon Laboratories in the third quarter worth approximately $274,000. 89.31% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have recently issued reports on SLAB. B. Riley restated a “buy” rating on shares of Silicon Laboratories in a report on Monday, January 29th. Drexel Hamilton restated a “buy” rating and issued a $103.00 target price (up previously from $85.00) on shares of Silicon Laboratories in a report on Wednesday, October 25th. Roth Capital raised their target price on shares of Silicon Laboratories from $85.00 to $100.00 and gave the stock a “buy” rating in a report on Tuesday, October 24th. BidaskClub cut shares of Silicon Laboratories from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. Finally, Zacks Investment Research cut shares of Silicon Laboratories from a “hold” rating to a “sell” rating in a report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $102.89.
In related news, Director William G. Bock sold 2,500 shares of Silicon Laboratories stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $91.91, for a total value of $229,775.00. Following the sale, the director now owns 40,926 shares in the company, valued at $3,761,508.66. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William P. Wood sold 5,000 shares of Silicon Laboratories stock in a transaction on Monday, December 4th. The shares were sold at an average price of $91.30, for a total transaction of $456,500.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,866 shares of company stock worth $2,431,700. 34.82% of the stock is currently owned by company insiders.
Silicon Laboratories (NASDAQ:SLAB) opened at $90.80 on Monday. 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 fifty-two week low of $66.35 and a fifty-two week high of $100.00. The stock has a market cap of $3,877.98, a P/E ratio of 83.30, a PEG ratio of 2.40 and a beta of 1.41.
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, topping the consensus estimate of $0.86 by $0.07. The firm had revenue of $201.02 million for the quarter, compared to analysts’ expectations of $197.93 million. Silicon Laboratories had a net margin of 6.12% and a return on equity of 11.11%. The business’s revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the business earned $0.75 earnings per share. research analysts forecast that Silicon Laboratories will post 2.52 EPS for the current fiscal year.
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About Silicon Laboratories
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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