CIBC Private Wealth Group LLC cut its stake in Silicon Laboratories (NASDAQ:SLAB) by 8.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,600 shares of the semiconductor company’s stock after selling 1,440 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Silicon Laboratories were worth $1,308,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc raised its stake in shares of Silicon Laboratories by 2.3% in the third quarter. Vanguard Group Inc now owns 3,995,961 shares of the semiconductor company’s stock worth $366,828,000 after purchasing an additional 90,944 shares during the last quarter. MetLife Investment Advisors LLC raised its stake in shares of Silicon Laboratories by 19.1% in the third quarter. MetLife Investment Advisors LLC now owns 55,634 shares of the semiconductor company’s stock worth $5,107,000 after purchasing an additional 8,930 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Silicon Laboratories by 2.8% in the third quarter. Legal & General Group Plc now owns 42,674 shares of the semiconductor company’s stock worth $3,918,000 after purchasing an additional 1,171 shares during the last quarter. FMR LLC raised its stake in shares of Silicon Laboratories by 1.2% in the second quarter. FMR LLC now owns 6,484,660 shares of the semiconductor company’s stock worth $645,872,000 after purchasing an additional 75,633 shares during the last quarter. Finally, Davidson Investment Advisors raised its stake in shares of Silicon Laboratories by 4.9% in the fourth quarter. Davidson Investment Advisors now owns 76,738 shares of the semiconductor company’s stock worth $6,048,000 after purchasing an additional 3,575 shares during the last quarter. 95.50% of the stock is owned by hedge funds and other institutional investors.

In other Silicon Laboratories news, SVP Alessandro Piovaccari sold 1,121 shares of the stock in a transaction on Friday, December 14th. The stock was sold at an average price of $82.52, for a total transaction of $92,504.92. Following the completion of the transaction, the senior vice president now directly owns 26,222 shares of the company’s stock, valued at $2,163,839.44. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director William G. Bock sold 1,000 shares of the stock in a transaction on Friday, February 15th. The shares were sold at an average price of $87.74, for a total value of $87,740.00. Following the transaction, the director now directly owns 38,751 shares of the company’s stock, valued at $3,400,012.74. The disclosure for this sale can be found here. 1.96% of the stock is currently owned by corporate insiders.

SLAB has been the subject of several analyst reports. Zacks Investment Research raised Silicon Laboratories from a “hold” rating to a “buy” rating and set a $95.00 price objective for the company in a research note on Wednesday, January 16th. BidaskClub raised Silicon Laboratories from a “hold” rating to a “buy” rating in a research report on Saturday, January 12th. Roth Capital decreased their price target on Silicon Laboratories from $124.00 to $100.00 and set a “buy” rating for the company in a research report on Tuesday, October 23rd. Needham & Company LLC decreased their price target on Silicon Laboratories from $115.00 to $110.00 and set a “buy” rating for the company in a research report on Friday, October 26th. Finally, B. Riley decreased their price target on Silicon Laboratories from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, October 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company’s stock. Silicon Laboratories has a consensus rating of “Hold” and an average price target of $99.60.

Shares of SLAB opened at $88.34 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 5.71 and a quick ratio of 5.19. The company has a market cap of $3.81 billion, a P/E ratio of 30.89, a price-to-earnings-growth ratio of 3.17 and a beta of 1.49. Silicon Laboratories has a 12 month low of $73.13 and a 12 month high of $110.70.

Silicon Laboratories (NASDAQ:SLAB) last issued its quarterly earnings results on Wednesday, January 30th. The semiconductor company reported $0.91 EPS for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.03). The business had revenue of $215.50 million for the quarter, compared to analysts’ expectations of $224.21 million. Silicon Laboratories had a net margin of 9.63% and a return on equity of 12.13%. The business’s revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.93 earnings per share. On average, equities research analysts predict that Silicon Laboratories will post 1.82 EPS for the current year.

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About Silicon Laboratories

Silicon Laboratories Inc, a fabless semiconductor company, designs, develops, and markets mixed-signal integrated circuits (ICs) in the United States, China, and internationally. The company offers Internet of things products, including 8-bit mixed-signal, 32-bit wireless, and ultra-low-power 32-bit microcontrollers; wireless connectivity devices, such as multiprotocol wireless Gecko system-on-chip devices; real-time operating systems; sensor products comprising optical, relative humidity/temperature, and hall effect magnetic sensors.

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

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