Legal & General Group Plc Has $6.99 Million Position in Silicon Laboratories, Inc. $SLAB

Legal & General Group Plc lowered its stake in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB) by 19.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 53,482 shares of the semiconductor company’s stock after selling 12,554 shares during the period. Legal & General Group Plc’s holdings in Silicon Laboratories were worth $6,990,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. EverSource Wealth Advisors LLC raised its position in shares of Silicon Laboratories by 45.7% during the third quarter. EverSource Wealth Advisors LLC now owns 274 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 86 shares during the last quarter. Global Retirement Partners LLC raised its position in shares of Silicon Laboratories by 37.3% during the fourth quarter. Global Retirement Partners LLC now owns 497 shares of the semiconductor company’s stock valued at $65,000 after buying an additional 135 shares during the last quarter. Van Berkom & Associates Inc. raised its position in shares of Silicon Laboratories by 1.4% during the fourth quarter. Van Berkom & Associates Inc. now owns 10,013 shares of the semiconductor company’s stock valued at $1,309,000 after buying an additional 140 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Silicon Laboratories by 3.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,284 shares of the semiconductor company’s stock valued at $560,000 after buying an additional 142 shares during the last quarter. Finally, Arizona State Retirement System raised its position in Silicon Laboratories by 1.6% in the third quarter. Arizona State Retirement System now owns 9,627 shares of the semiconductor company’s stock worth $1,262,000 after purchasing an additional 153 shares in the last quarter.

Insider Transactions at Silicon Laboratories

In related news, CEO Robert Matthew Johnson sold 8,024 shares of the stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $216.83, for a total value of $1,739,843.92. Following the completion of the transaction, the chief executive officer owned 80,519 shares of the company’s stock, valued at $17,458,934.77. This represents a 9.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.60% of the stock is owned by company insiders.

Silicon Laboratories Stock Down 0.4%

NASDAQ:SLAB opened at $218.11 on Friday. Silicon Laboratories, Inc. has a 12-month low of $115.50 and a 12-month high of $219.68. The firm has a market capitalization of $7.19 billion, a PE ratio of -142.56 and a beta of 1.37. The firm has a 50-day moving average price of $214.50 and a 200 day moving average price of $181.16.

Silicon Laboratories (NASDAQ:SLAB) last posted its quarterly earnings results on Tuesday, May 5th. The semiconductor company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.04. Silicon Laboratories had a negative net margin of 6.13% and a negative return on equity of 2.18%. The firm had revenue of $213.50 million during the quarter, compared to analyst estimates of $214.02 million. During the same quarter in the prior year, the business posted ($0.08) earnings per share. The company’s quarterly revenue was up 20.1% compared to the same quarter last year. On average, research analysts expect that Silicon Laboratories, Inc. will post 0.74 EPS for the current year.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Silicon Laboratories in a research report on Friday, March 27th. One analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Silicon Laboratories currently has a consensus rating of “Hold” and an average price target of $171.43.

About Silicon Laboratories

Silicon Laboratories (NASDAQ:SLAB) is a global semiconductor company that develops high-performance analog and mixed-signal integrated circuits, wireless system-on-chips (SoCs), microcontrollers, and radio frequency (RF) solutions. Its product portfolio is tailored to support the Internet of Things (IoT), infrastructure, industrial automation, consumer electronics, automotive, and energy markets. By combining silicon, software, and tools, Silicon Labs aims to accelerate development cycles and deliver low-power, highly integrated solutions that address demanding application requirements.

Founded in 1996 and headquartered in Austin, Texas, Silicon Labs has grown into a multinational organization with engineering and sales operations across North America, Europe, and Asia.