Fisher Asset Management LLC Has $6.43 Million Holdings in Silicon Laboratories Inc. (NASDAQ:SLAB)

Fisher Asset Management LLC raised its holdings in shares of Silicon Laboratories Inc. (NASDAQ:SLAB) by 20.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,640 shares of the semiconductor company’s stock after buying an additional 9,566 shares during the quarter. Fisher Asset Management LLC owned about 0.17% of Silicon Laboratories worth $6,430,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Harbor Capital Advisors Inc. lifted its holdings in shares of Silicon Laboratories by 8.5% during the second quarter. Harbor Capital Advisors Inc. now owns 1,292 shares of the semiconductor company’s stock worth $143,000 after buying an additional 101 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Silicon Laboratories by 2.3% in the second quarter. Victory Capital Management Inc. now owns 6,638 shares of the semiconductor company’s stock valued at $734,000 after purchasing an additional 150 shares in the last quarter. Advisors Asset Management Inc. raised its stake in shares of Silicon Laboratories by 159.4% in the third quarter. Advisors Asset Management Inc. now owns 275 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 169 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Silicon Laboratories by 2.3% in the second quarter. Arizona State Retirement System now owns 8,936 shares of the semiconductor company’s stock valued at $989,000 after purchasing an additional 202 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Silicon Laboratories by 84.1% in the third quarter. GAMMA Investing LLC now owns 497 shares of the semiconductor company’s stock valued at $57,000 after purchasing an additional 227 shares in the last quarter.

Insider Buying and Selling at Silicon Laboratories

In other Silicon Laboratories news, SVP Brandon Tolany sold 845 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $115.00, for a total value of $97,175.00. Following the transaction, the senior vice president now owns 43,615 shares of the company’s stock, valued at approximately $5,015,725. This represents a 1.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.72% of the company’s stock.

Silicon Laboratories Stock Up 1.1 %

Shares of SLAB opened at $108.78 on Friday. Silicon Laboratories Inc. has a 12-month low of $94.00 and a 12-month high of $154.91. The firm has a market capitalization of $3.53 billion, a PE ratio of -14.70 and a beta of 1.20. The stock’s fifty day simple moving average is $111.05 and its 200-day simple moving average is $113.75.

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Barclays cut their target price on Silicon Laboratories from $120.00 to $75.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 5th. Stifel Nicolaus lowered their price target on Silicon Laboratories from $160.00 to $135.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Morgan Stanley lowered their price target on Silicon Laboratories from $123.00 to $97.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 5th. KeyCorp lowered their price target on Silicon Laboratories from $150.00 to $115.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. Finally, Benchmark reiterated a “hold” rating on shares of Silicon Laboratories in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $121.50.

Silicon Laboratories 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.