Ameriprise Financial Inc. raised its holdings in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB) by 23.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 323,794 shares of the semiconductor company’s stock after acquiring an additional 62,136 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.76% of Silicon Laboratories worth $25,870,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. Alps Advisors Inc. grew its stake in shares of Silicon Laboratories by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 6,711 shares of the semiconductor company’s stock worth $459,000 after acquiring an additional 18 shares in the last quarter. Granite Investment Partners LLC grew its stake in shares of Silicon Laboratories by 0.4% in the second quarter. Granite Investment Partners LLC now owns 9,812 shares of the semiconductor company’s stock valued at $671,000 after buying an additional 38 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Silicon Laboratories by 1.0% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,180 shares of the semiconductor company’s stock valued at $422,000 after buying an additional 61 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its stake in shares of Silicon Laboratories by 0.9% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 11,811 shares of the semiconductor company’s stock valued at $807,000 after buying an additional 100 shares in the last quarter. Finally, Ameritas Investment Partners Inc. grew its stake in shares of Silicon Laboratories by 0.7% in the second quarter. Ameritas Investment Partners Inc. now owns 16,220 shares of the semiconductor company’s stock valued at $1,109,000 after buying an additional 119 shares in the last quarter. 90.81% of the stock is owned by institutional investors.

In other news, Director William G. Bock sold 2,500 shares of Silicon Laboratories stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $89.24, for a total transaction of $223,100.00. Following the completion of the sale, the director now owns 43,426 shares of the company’s stock, valued at $3,875,336.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William P. Wood sold 5,000 shares of Silicon Laboratories stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $81.45, for a total value of $407,250.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 46,700 shares of company stock valued at $3,902,829. Company insiders own 34.82% of the company’s stock.

Silicon Laboratories, Inc. (NASDAQ SLAB) opened at $90.20 on Friday. The company has a current ratio of 5.66, a quick ratio of 5.20 and a debt-to-equity ratio of 0.40. Silicon Laboratories, Inc. has a 52-week low of $63.15 and a 52-week high of $96.93. The company has a market cap of $3,677.63, a price-to-earnings ratio of 37.90, a price-to-earnings-growth ratio of 2.56 and a beta of 1.37.

Silicon Laboratories (NASDAQ:SLAB) last released its quarterly earnings data on Wednesday, October 25th. The semiconductor company reported $0.90 EPS for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.09. Silicon Laboratories had a net margin of 9.60% and a return on equity of 11.06%. The firm had revenue of $198.70 million during the quarter, compared to analysts’ expectations of $196.20 million. During the same period in the previous year, the business posted $0.77 earnings per share. The company’s revenue for the quarter was up 11.6% compared to the same quarter last year. equities analysts predict that Silicon Laboratories, Inc. will post 2.25 EPS for the current year.

SLAB has been the subject of several analyst reports. Drexel Hamilton reissued a “buy” rating and issued a $103.00 target price (up from $85.00) on shares of Silicon Laboratories in a research note on Wednesday, October 25th. Roth Capital raised their target price on shares of Silicon Laboratories from $85.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, October 24th. Zacks Investment Research raised shares of Silicon Laboratories from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a research note on Saturday, August 26th. B. Riley raised their target price on shares of Silicon Laboratories from $90.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Finally, Barclays reissued a “neutral” rating on shares of Silicon Laboratories in a research note on Friday, October 27th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Silicon Laboratories has a consensus rating of “Buy” and a consensus price target of $98.89.

TRADEMARK VIOLATION WARNING: “Ameriprise Financial Inc. Raises Stake in Silicon Laboratories, Inc. (SLAB)” was originally posted by Watch List News and is the sole property of of Watch List News. If you are accessing this piece on another publication, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece can be viewed at https://www.watchlistnews.com/ameriprise-financial-inc-raises-stake-in-silicon-laboratories-inc-slab/1751124.html.

Silicon Laboratories Company Profile

Silicon Laboratories Inc is a provider of silicon, software and solutions for the Internet of Things (IoT), Internet infrastructure, industrial, consumer and automotive markets. The Company operates through mixed-signal analog intensive products segment. It provides analog-intensive, mixed-signal solutions for use in a range of electronic products in various applications for the IoT market.

Want to see what other hedge funds are holding SLAB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Silicon Laboratories, Inc. (NASDAQ:SLAB).

Institutional Ownership by Quarter for Silicon Laboratories (NASDAQ:SLAB)

Receive News & Ratings for Silicon Laboratories Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Silicon Laboratories Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.