Silicon Laboratories Inc. (NASDAQ:SLAB) Shares Acquired by EFG Asset Management North America Corp.

EFG Asset Management North America Corp. boosted its stake in Silicon Laboratories Inc. (NASDAQ:SLAB) by 22.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,060 shares of the semiconductor company’s stock after acquiring an additional 3,541 shares during the period. EFG Asset Management North America Corp.’s holdings in Silicon Laboratories were worth $2,366,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SLAB. Natixis Advisors LLC grew its stake in shares of Silicon Laboratories by 6.2% in the 3rd quarter. Natixis Advisors LLC now owns 12,050 shares of the semiconductor company’s stock valued at $1,393,000 after purchasing an additional 708 shares during the last quarter. Advisors Asset Management Inc. grew its position in Silicon Laboratories by 159.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 275 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 169 shares during the last quarter. Intech Investment Management LLC increased its stake in Silicon Laboratories by 82.9% in the 3rd quarter. Intech Investment Management LLC now owns 12,837 shares of the semiconductor company’s stock valued at $1,484,000 after buying an additional 5,818 shares during the period. Citigroup Inc. raised its position in Silicon Laboratories by 37.6% during the 3rd quarter. Citigroup Inc. now owns 59,064 shares of the semiconductor company’s stock worth $6,826,000 after buying an additional 16,134 shares during the last quarter. Finally, Cerity Partners LLC raised its position in Silicon Laboratories by 19.0% during the 3rd quarter. Cerity Partners LLC now owns 14,372 shares of the semiconductor company’s stock worth $1,661,000 after buying an additional 2,290 shares during the last quarter.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SLAB. Barclays boosted their price target 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. Needham & Company LLC reiterated a “buy” rating and set a $150.00 target price on shares of Silicon Laboratories in a research report on Wednesday, March 12th. Susquehanna initiated coverage on Silicon Laboratories in a report on Tuesday, December 17th. They issued a “neutral” rating and a $130.00 price target for the company. Stifel Nicolaus upped their price objective on Silicon Laboratories from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Finally, Benchmark reissued a “buy” rating and issued a $160.00 target price on shares of Silicon Laboratories in a report on Wednesday, March 12th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $136.20.

Silicon Laboratories Stock Down 1.8 %

Shares of SLAB stock opened at $123.03 on Wednesday. The stock has a market cap of $4.00 billion, a P/E ratio of -20.71 and a beta of 1.15. Silicon Laboratories Inc. has a fifty-two week low of $94.00 and a fifty-two week high of $160.00. The business has a fifty day simple moving average of $137.67 and a 200-day simple moving average of $123.52.

Silicon Laboratories (NASDAQ:SLAB) last posted its earnings results on Tuesday, February 4th. The semiconductor company reported ($0.11) earnings per share for the quarter, meeting the consensus estimate of ($0.11). The firm had revenue of $166.25 million during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 91.4% on a year-over-year basis. During the same period last year, the firm posted ($1.19) EPS. On average, sell-side analysts anticipate that Silicon Laboratories Inc. will post -0.97 earnings per share for the current year.

Insider Transactions at Silicon Laboratories

In other Silicon Laboratories news, 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 owns 400,567 shares in the company, valued at approximately $59,684,483. This represents a 0.59 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William G. Bock sold 2,000 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $140.77, for a total value of $281,540.00. Following the transaction, 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 a total of 5,360 shares of company stock valued at $782,610 in the last ninety days. Corporate 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.