B & T Capital Management DBA Alpha Capital Management trimmed its position in shares of Silicon Laboratories Inc. (NASDAQ:SLAB) by 32.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,575 shares of the semiconductor company’s stock after selling 1,250 shares during the period. B & T Capital Management DBA Alpha Capital Management’s holdings in Silicon Laboratories were worth $363,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of SLAB. Charles Schwab Investment Management Inc. increased its position in Silicon Laboratories by 1.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 432,616 shares of the semiconductor company’s stock valued at $55,090,000 after purchasing an additional 4,540 shares during the period. Candriam Luxembourg S.C.A. raised its stake in Silicon Laboratories by 31.8% in the fourth quarter. Candriam Luxembourg S.C.A. now owns 222,686 shares of the semiconductor company’s stock worth $28,357,000 after buying an additional 53,719 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Silicon Laboratories by 174.4% in the fourth quarter. SG Americas Securities LLC now owns 5,041 shares of the semiconductor company’s stock worth $642,000 after buying an additional 3,204 shares during the period. Kornitzer Capital Management Inc. KS boosted its position in Silicon Laboratories by 13.2% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 95,345 shares of the semiconductor company’s stock valued at $12,141,000 after acquiring an additional 11,110 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in shares of Silicon Laboratories by 26.0% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 3,393 shares of the semiconductor company’s stock worth $432,000 after acquiring an additional 701 shares during the period. Institutional investors own 92.96% of the company’s stock.
SLAB opened at $129.25 on Wednesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 5.77 and a current ratio of 6.20. Silicon Laboratories Inc. has a fifty-two week low of $89.28 and a fifty-two week high of $163.43. The company has a fifty day moving average of $143.95 and a 200 day moving average of $134.22. The stock has a market capitalization of $5.78 billion, a price-to-earnings ratio of 430.83, a PEG ratio of 4.33 and a beta of 1.06.
In related news, Director William G. Bock sold 1,000 shares of the stock in a transaction on Tuesday, February 16th. The stock was sold at an average price of $153.19, for a total transaction of $153,190.00. Following the sale, the director now owns 34,976 shares in the company, valued at approximately $5,357,973.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Brandon Tolany sold 1,921 shares of Silicon Laboratories stock in a transaction on Tuesday, February 16th. The stock was sold at an average price of $152.92, for a total transaction of $293,759.32. Following the transaction, the senior vice president now directly owns 34,154 shares of the company’s stock, valued at $5,222,829.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,078 shares of company stock valued at $468,119. 2.33% of the stock is currently owned by company insiders.
Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $155.00 price target on shares of Silicon Laboratories in a research note on Wednesday, May 5th. Morgan Stanley lifted their price target on shares of Silicon Laboratories from $156.00 to $160.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 5th. KeyCorp raised shares of Silicon Laboratories from a “sector weight” rating to an “overweight” rating and set a $185.00 target price for the company in a research note on Thursday, April 29th. Benchmark boosted their price target on Silicon Laboratories from $155.00 to $190.00 and gave the stock a “buy” rating in a research report on Monday, March 1st. Finally, William Blair restated a “market perform” rating on shares of Silicon Laboratories in a research note on Wednesday, February 3rd. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $167.64.
Silicon Laboratories Profile
Silicon Laboratories Inc, a fabless semiconductor company, provides mixed-signal integrated circuits (ICs) in the United States, China, and internationally. The company offers microcontrollers and wireless products, including 8-bit mixed-signal and ultra-low-power 32-bit microcontrollers (MCU); wireless MCU connectivity solutions; single and multi-protocol system-on-chip (SoC) devices and modules; wireless protocols, MCUs, and SoCs; in-house protocol stacks; Micrium, a real-time operating system that helps simplify software development for IoT developers.It also provides sensor products comprising optical, relative humidity/temperature, and hall effect magnetic sensors; timing devices; multi-channel isolators, isolated drivers, isolated power converters, and mixed-signal devices; broadcast products, which include single-chip hybrid TV tuners and digital video demodulators, as well as AM/FM, HD radio, and DAB/DAB+ receivers; and hybrid software defined radio tuners, data receivers, and digital radio coprocessors.
Recommended Story: Economic Bubble
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).
Receive News & Ratings for Silicon Laboratories Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Silicon Laboratories and related companies with MarketBeat.com's FREE daily email newsletter.