Grandeur Peak Global Advisors LLC Boosts Position in Silicon Laboratories, Inc. (SLAB)
Grandeur Peak Global Advisors LLC increased its position in Silicon Laboratories, Inc. (NASDAQ:SLAB) by 1.2% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 134,440 shares of the semiconductor company’s stock after purchasing an additional 1,600 shares during the period. Silicon Laboratories accounts for about 1.3% of Grandeur Peak Global Advisors LLC’s investment portfolio, making the stock its 22nd biggest holding. Grandeur Peak Global Advisors LLC owned about 0.32% of Silicon Laboratories worth $9,189,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Quantbot Technologies LP acquired a new position in Silicon Laboratories in the second quarter worth about $102,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Silicon Laboratories by 10.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,623 shares of the semiconductor company’s stock worth $111,000 after purchasing an additional 148 shares in the last quarter. Riverhead Capital Management LLC grew its stake in Silicon Laboratories by 76.7% in the second quarter. Riverhead Capital Management LLC now owns 2,297 shares of the semiconductor company’s stock worth $157,000 after purchasing an additional 997 shares in the last quarter. Pier 88 Investment Partners LLC acquired a new position in Silicon Laboratories in the second quarter worth about $187,000. Finally, BT Investment Management Ltd acquired a new position in Silicon Laboratories in the second quarter worth about $202,000. Institutional investors and hedge funds own 88.99% of the company’s stock.
In other Silicon Laboratories news, Director William G. Bock sold 2,500 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $75.30, for a total transaction of $188,250.00. Following the sale, the director now directly owns 45,926 shares of the company’s stock, valued at $3,458,227.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director William P. Wood sold 5,000 shares of the company’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $81.45, for a total transaction of $407,250.00. The disclosure for this sale can be found here. In the last three months, insiders sold 48,500 shares of company stock worth $3,800,679. 34.82% of the stock is currently owned by insiders.
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A number of equities analysts have issued reports on the stock. BidaskClub raised shares of Silicon Laboratories from a “hold” rating to a “buy” rating in a report on Wednesday, August 16th. Zacks Investment Research raised shares of Silicon Laboratories from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a report on Thursday, August 3rd. B. Riley reissued a “buy” rating and issued a $90.00 target price on shares of Silicon Laboratories in a report on Friday, July 28th. Stifel Nicolaus reissued a “buy” rating and issued a $85.00 target price (up previously from $82.00) on shares of Silicon Laboratories in a report on Thursday, July 27th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $85.00 target price (up previously from $80.00) on shares of Silicon Laboratories in a report on Thursday, July 27th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $82.44.
Shares of Silicon Laboratories, Inc. (SLAB) traded up 0.48% during trading on Friday, reaching $83.45. 126,690 shares of the company’s stock were exchanged. Silicon Laboratories, Inc. has a 52-week low of $55.97 and a 52-week high of $84.05. The company has a 50 day moving average price of $77.45 and a 200-day moving average price of $73.65. The company has a market capitalization of $3.55 billion, a PE ratio of 49.76 and a beta of 1.28.
Silicon Laboratories (NASDAQ:SLAB) last posted its earnings results on Wednesday, July 26th. The semiconductor company reported $0.79 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.08. The business had revenue of $190.10 million for the quarter, compared to analysts’ expectations of $186.46 million. Silicon Laboratories had a net margin of 9.88% and a return on equity of 11.15%. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.75 earnings per share. On average, equities analysts forecast that Silicon Laboratories, Inc. will post $3.06 earnings per share for the current year.
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.
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