Silicon Laboratories Inc. (NASDAQ:SLAB) Shares Purchased by GW&K Investment Management LLC

GW&K Investment Management LLC increased its holdings in Silicon Laboratories Inc. (NASDAQ:SLAB) by 5.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 682,045 shares of the semiconductor company’s stock after buying an additional 36,330 shares during the quarter. Silicon Laboratories comprises approximately 0.7% of GW&K Investment Management LLC’s investment portfolio, making the stock its 24th largest holding. GW&K Investment Management LLC owned 2.10% of Silicon Laboratories worth $84,723,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Pacer Advisors Inc. boosted its holdings in shares of Silicon Laboratories by 1.8% in the 4th quarter. Pacer Advisors Inc. now owns 4,839 shares of the semiconductor company’s stock valued at $601,000 after acquiring an additional 87 shares during the last quarter. Louisiana State Employees Retirement System lifted its position in Silicon Laboratories by 1.1% during the fourth quarter. Louisiana State Employees Retirement System now owns 9,000 shares of the semiconductor company’s stock valued at $1,118,000 after purchasing an additional 100 shares during the period. Oppenheimer Asset Management Inc. boosted its holdings in Silicon Laboratories by 1.4% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 7,169 shares of the semiconductor company’s stock valued at $891,000 after purchasing an additional 102 shares during the last quarter. Procyon Advisors LLC grew its position in Silicon Laboratories by 4.4% during the 4th quarter. Procyon Advisors LLC now owns 3,176 shares of the semiconductor company’s stock worth $395,000 after purchasing an additional 133 shares during the period. Finally, Truist Financial Corp grew its position in Silicon Laboratories by 0.7% during the 4th quarter. Truist Financial Corp now owns 21,699 shares of the semiconductor company’s stock worth $2,695,000 after purchasing an additional 151 shares during the period.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Stifel Nicolaus boosted their price objective on Silicon Laboratories from $135.00 to $145.00 and gave the company a “buy” rating in a report on Monday, January 6th. Benchmark raised Silicon Laboratories from a “hold” rating to a “buy” rating and set a $160.00 price target for the company in a report on Wednesday, February 5th. Barclays raised their price objective on shares of Silicon Laboratories from $75.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Friday, January 17th. StockNews.com lowered shares of Silicon Laboratories from a “hold” rating to a “sell” rating in a report on Friday, February 14th. Finally, KeyCorp increased their price target on shares of Silicon Laboratories from $115.00 to $160.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $136.20.

Insider Buying and Selling at Silicon Laboratories

In other Silicon Laboratories news, Director Navdeep S. Sooch sold 2,360 shares of Silicon Laboratories stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $149.00, for a total transaction of $351,640.00. Following the sale, the director now owns 400,567 shares of the company’s stock, valued at $59,684,483. The trade was a 0.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director William G. Bock sold 2,000 shares of the company’s stock in a transaction on Wednesday, January 22nd. The stock was 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 $4,520,828.55. The trade was a 5.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,360 shares of company stock valued at $782,610 over the last quarter. 1.72% of the stock is currently owned by insiders.

Silicon Laboratories Stock Performance

NASDAQ:SLAB opened at $135.98 on Friday. The stock has a market capitalization of $4.41 billion, a PE ratio of -22.89 and a beta of 1.16. Silicon Laboratories Inc. has a fifty-two week low of $94.00 and a fifty-two week high of $160.00. The company has a fifty day moving average of $137.50 and a two-hundred day moving average of $121.00.

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

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.