Silicon Laboratories Inc. (NASDAQ:SLAB) Shares Acquired by Barclays PLC

Barclays PLC increased its position in shares of Silicon Laboratories Inc. (NASDAQ:SLAB) by 23.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 70,568 shares of the semiconductor company’s stock after acquiring an additional 13,363 shares during the quarter. Barclays PLC owned approximately 0.22% of Silicon Laboratories worth $8,157,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Victory Capital Management Inc. boosted its holdings in shares of Silicon Laboratories by 2.3% during the second quarter. Victory Capital Management Inc. now owns 6,638 shares of the semiconductor company’s stock worth $734,000 after purchasing an additional 150 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in Silicon Laboratories by 159.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 275 shares of the semiconductor company’s stock worth $32,000 after buying an additional 169 shares during the last quarter. Arizona State Retirement System boosted its stake in Silicon Laboratories by 2.3% in the 2nd quarter. Arizona State Retirement System now owns 8,936 shares of the semiconductor company’s stock worth $989,000 after buying an additional 202 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Silicon Laboratories by 84.1% during the 3rd quarter. GAMMA Investing LLC now owns 497 shares of the semiconductor company’s stock valued at $57,000 after acquiring an additional 227 shares during the last quarter. Finally, US Bancorp DE lifted its holdings in shares of Silicon Laboratories by 14.0% during the 3rd quarter. US Bancorp DE now owns 1,892 shares of the semiconductor company’s stock worth $219,000 after acquiring an additional 232 shares during the period.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. dropped their price target on shares of Silicon Laboratories from $150.00 to $135.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Benchmark restated a “hold” rating on shares of Silicon Laboratories in a report on Tuesday, November 5th. Stifel Nicolaus reduced their target price on Silicon Laboratories from $160.00 to $135.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. StockNews.com raised Silicon Laboratories to a “sell” rating in a research report on Friday, November 8th. Finally, Susquehanna assumed coverage on Silicon Laboratories in a report on Tuesday. They issued a “neutral” rating and a $130.00 price objective on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $122.44.

Silicon Laboratories Stock Performance

SLAB stock opened at $128.96 on Wednesday. The firm has a market cap of $4.18 billion, a P/E ratio of -17.43 and a beta of 1.21. Silicon Laboratories Inc. has a 1 year low of $94.00 and a 1 year high of $154.91. The stock has a 50-day simple moving average of $112.61 and a 200-day simple moving average of $112.88.

Silicon Laboratories (NASDAQ:SLAB) last posted its quarterly earnings data on Monday, November 4th. The semiconductor company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.07. The company had revenue of $166.00 million for the quarter, compared to analyst estimates of $165.50 million. Silicon Laboratories had a negative net margin of 46.93% and a negative return on equity of 12.60%. The business’s quarterly revenue was down 18.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.48 earnings per share. On average, equities research analysts predict that Silicon Laboratories Inc. will post -3.56 EPS for the current year.

About Silicon Laboratories

Silicon Laboratories Inc, a fabless semiconductor company, provides various analog-intensive mixed-signal solutions in the United States, China, Taiwan, and internationally. The company's products include wireless microcontrollers and sensor products. Its products are used in various electronic products in a range of applications for the industrial Internet of Things (IoT), including industrial automation and control, smart buildings, access control, HVAC control, and industrial wearables and power tools; smart cities applications, such as smart metering, smart street lighting, renewable energy, electric vehicle supply equipment, and smart agriculture; commercial IoT applications, including smart lighting, asset tracking, electronic shelf labels, theft protection, and enterprise access points; smart home applications, comprising home automation/security systems, smart speakers, smart lighting, HVAC control, smart cameras, smart appliances, smart home sensing, smart locks, and window/blind controls; and connected health applications, including diabetes management, consumer health and fitness, elderly care, patient monitoring, and activity tracking; as well as in commercial building automation, consumer electronics, and medical instrumentation.