Wells Fargo & Company MN grew its holdings in shares of Silicon Laboratories (NASDAQ:SLAB) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 163,678 shares of the semiconductor company’s stock after purchasing an additional 2,223 shares during the period. Wells Fargo & Company MN owned approximately 0.38% of Silicon Laboratories worth $14,452,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of SLAB. Advisors Asset Management Inc. lifted its holdings in shares of 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 purchased a new stake in shares of Silicon Laboratories during the 4th quarter valued at $155,000. M&T Bank Corp purchased a new stake in shares of Silicon Laboratories during the 4th quarter valued at $202,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Silicon Laboratories by 52.7% during the 4th 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 during the last quarter. Finally, Dorsey & Whitney Trust CO LLC purchased a new stake in shares of Silicon Laboratories during the 3rd quarter valued at $222,000. Hedge funds and other institutional investors own 90.58% of the company’s stock.
A number of equities analysts recently issued reports on the company. Zacks Investment Research lowered Silicon Laboratories from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. Roth Capital raised their target price on Silicon Laboratories from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Needham & Company LLC restated a “buy” rating and issued a $110.00 target price on shares of Silicon Laboratories in a research note on Monday, December 11th. BidaskClub upgraded Silicon Laboratories from a “hold” rating to a “buy” rating in a research note on Saturday, January 6th. Finally, B. Riley restated a “buy” rating on shares of Silicon Laboratories in a research note on Monday, January 29th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $102.89.
Silicon Laboratories (NASDAQ:SLAB) opened at $97.05 on Thursday. The stock has a market capitalization of $4,235.06, a price-to-earnings ratio of 41.92, a P/E/G ratio of 2.60 and a beta of 1.38. The company has a debt-to-equity ratio of 0.36, a current ratio of 5.84 and a quick ratio of 5.39. Silicon Laboratories has a 52 week low of $66.35 and a 52 week high of $101.90.
Silicon Laboratories (NASDAQ:SLAB) last announced its quarterly earnings results on Wednesday, January 31st. The semiconductor company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.07. The company had revenue of $201.02 million for the quarter, compared to the consensus estimate of $197.93 million. Silicon Laboratories had a return on equity of 11.11% and a net margin of 6.12%. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period last year, the firm earned $0.75 EPS. analysts forecast that Silicon Laboratories will post 2.52 earnings per share for the current fiscal year.
In other Silicon Laboratories news, Director William G. Bock sold 2,500 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $91.91, for a total transaction of $229,775.00. Following the sale, the director now directly owns 40,926 shares of the company’s stock, valued at approximately $3,761,508.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Brandon Tolany sold 18,235 shares of the stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $95.00, for a total value of $1,732,325.00. Following the sale, the senior vice president now directly owns 69,501 shares in the company, valued at $6,602,595. The disclosure for this sale can be found here. Insiders have sold a total of 35,676 shares of company stock worth $3,378,918 over the last ninety days. 1.96% of the stock is owned by insiders.
Silicon Laboratories 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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