Emerald Mutual Fund Advisers Trust Acquires New Stake in Silicon Laboratories Inc. (NASDAQ:SLAB)

Emerald Mutual Fund Advisers Trust bought a new position in Silicon Laboratories Inc. (NASDAQ:SLAB) during the third quarter, Holdings Channel.com reports. The institutional investor bought 10,187 shares of the semiconductor company’s stock, valued at approximately $1,177,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CWM LLC increased its position in shares of Silicon Laboratories by 185.0% in the second quarter. CWM LLC now owns 8,435 shares of the semiconductor company’s stock worth $933,000 after purchasing an additional 5,475 shares during the last quarter. Natixis bought a new stake in shares of Silicon Laboratories during the 1st quarter worth $647,000. Vanguard Group Inc. grew its position in Silicon Laboratories by 0.7% in the first quarter. Vanguard Group Inc. now owns 3,489,160 shares of the semiconductor company’s stock worth $501,462,000 after acquiring an additional 24,997 shares in the last quarter. SG Americas Securities LLC increased its stake in Silicon Laboratories by 284.6% in the second quarter. SG Americas Securities LLC now owns 7,076 shares of the semiconductor company’s stock valued at $783,000 after acquiring an additional 5,236 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in Silicon Laboratories by 31.7% during the first quarter. Russell Investments Group Ltd. now owns 52,578 shares of the semiconductor company’s stock valued at $7,557,000 after purchasing an additional 12,667 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on SLAB shares. StockNews.com upgraded Silicon Laboratories to a “sell” rating in a report on Wednesday, October 30th. Needham & Company LLC reiterated a “buy” rating and set a $150.00 price target on shares of Silicon Laboratories in a research report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $140.00.

Silicon Laboratories Stock Performance

Shares of SLAB stock opened at $106.23 on Monday. The company has a market capitalization of $3.43 billion, a P/E ratio of -17.13 and a beta of 1.20. Silicon Laboratories Inc. has a fifty-two week low of $84.08 and a fifty-two week high of $154.91. The stock has a 50 day moving average price of $112.84 and a two-hundred day moving average price of $115.69.

Insiders Place Their Bets

In other news, SVP Brandon Tolany sold 845 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $115.00, for a total transaction of $97,175.00. Following the completion of the transaction, the senior vice president now directly owns 43,615 shares of the company’s stock, valued at approximately $5,015,725. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.72% of the company’s stock.

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.