Swiss National Bank Grows Stock Holdings in Silicon Laboratories Inc. (NASDAQ:SLAB)

Swiss National Bank grew its holdings in shares of Silicon Laboratories Inc. (NASDAQ:SLAB) by 1.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 63,500 shares of the semiconductor company’s stock after purchasing an additional 1,200 shares during the period. Swiss National Bank’s holdings in Silicon Laboratories were worth $7,888,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Jones Financial Companies Lllp grew its stake in Silicon Laboratories by 44.5% during the fourth quarter. Jones Financial Companies Lllp now owns 224 shares of the semiconductor company’s stock worth $28,000 after buying an additional 69 shares during the period. Advisors Asset Management Inc. grew its stake in Silicon Laboratories by 159.4% during the third 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 period. Venturi Wealth Management LLC grew its stake in Silicon Laboratories by 207.0% during the fourth quarter. Venturi Wealth Management LLC now owns 786 shares of the semiconductor company’s stock worth $98,000 after buying an additional 530 shares during the period. Asset Management One Co. Ltd. acquired a new position in shares of Silicon Laboratories during the fourth quarter worth $117,000. Finally, KBC Group NV lifted its position in shares of Silicon Laboratories by 42.1% during the fourth quarter. KBC Group NV now owns 1,279 shares of the semiconductor company’s stock worth $159,000 after purchasing an additional 379 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. StockNews.com raised shares of Silicon Laboratories from a “sell” rating to a “hold” rating in a research report on Tuesday. Barclays boosted their target price on shares of Silicon Laboratories from $75.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Friday, January 17th. Needham & Company LLC reissued a “buy” rating and set a $150.00 target price on shares of Silicon Laboratories in a research report on Wednesday, March 12th. Benchmark reissued a “buy” rating and set a $160.00 target price on shares of Silicon Laboratories in a research report on Wednesday, March 12th. Finally, Susquehanna assumed coverage on shares of Silicon Laboratories in a research report on Tuesday, December 17th. They set a “neutral” rating and a $130.00 target price on the stock. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $136.20.

Insiders Place Their Bets

In other Silicon Laboratories news, Director William G. Bock sold 2,000 shares of the stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $140.77, for a total transaction of $281,540.00. Following the sale, the director now directly owns 32,115 shares of the company’s stock, valued at approximately $4,520,828.55. This represents a 5.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Navdeep S. Sooch sold 2,360 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $149.00, for a total transaction of $351,640.00. Following the sale, the director now directly owns 400,567 shares in the company, valued at $59,684,483. This trade represents a 0.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,360 shares of company stock valued at $782,610. Company insiders own 1.72% of the company’s stock.

Silicon Laboratories Price Performance

SLAB opened at $123.57 on Friday. The stock has a market capitalization of $4.01 billion, a PE ratio of -20.80 and a beta of 1.15. The firm’s fifty day moving average price is $138.03 and its 200 day moving average price is $123.05. Silicon Laboratories Inc. has a 12-month low of $94.00 and a 12-month high of $160.00.

Silicon Laboratories (NASDAQ:SLAB) last posted its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported ($0.11) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.11). The firm had revenue of $166.25 million for the quarter, compared to analysts’ expectations of $166.09 million. Silicon Laboratories had a negative net margin of 32.69% and a negative return on equity of 10.46%. The firm’s quarterly revenue was up 91.4% on a year-over-year basis. During the same period in the prior year, the company posted ($1.19) earnings per share. On average, equities research analysts forecast that Silicon Laboratories Inc. will post -0.97 earnings per share for the current fiscal year.

Silicon Laboratories Company Profile

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.