Nationwide Fund Advisors Lowers Position in Silicon Laboratories, Inc. (SLAB)
Nationwide Fund Advisors lowered its stake in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB) by 0.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 119,889 shares of the semiconductor company’s stock after selling 838 shares during the period. Nationwide Fund Advisors owned 0.28% of Silicon Laboratories worth $9,579,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of SLAB. Capstone Asset Management Co. lifted its holdings in Silicon Laboratories by 8.6% during the second quarter. Capstone Asset Management Co. now owns 3,280 shares of the semiconductor company’s stock worth $224,000 after buying an additional 260 shares during the period. Russell Investments Group Ltd. lifted its holdings in Silicon Laboratories by 4.6% during the second quarter. Russell Investments Group Ltd. now owns 49,010 shares of the semiconductor company’s stock worth $3,350,000 after buying an additional 2,136 shares during the period. ING Groep NV purchased a new stake in Silicon Laboratories during the second quarter worth $352,000. Great West Life Assurance Co. Can lifted its holdings in Silicon Laboratories by 3.7% during the second quarter. Great West Life Assurance Co. Can now owns 26,009 shares of the semiconductor company’s stock worth $1,776,000 after buying an additional 934 shares during the period. Finally, Texas Permanent School Fund lifted its holdings in Silicon Laboratories by 1.9% during the second quarter. Texas Permanent School Fund now owns 30,919 shares of the semiconductor company’s stock worth $2,113,000 after buying an additional 589 shares during the period. Institutional investors own 90.81% of the company’s stock.
Silicon Laboratories, Inc. (NASDAQ SLAB) opened at $87.15 on Thursday. The stock has a market capitalization of $3,711.68, a price-to-earnings ratio of 38.25, a PEG ratio of 2.58 and a beta of 1.37. 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 12-month low of $63.15 and a 12-month high of $96.93.
Silicon Laboratories (NASDAQ:SLAB) last issued its quarterly earnings results on Wednesday, October 25th. The semiconductor company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.09. The business had revenue of $198.70 million for the quarter, compared to the consensus estimate of $196.20 million. Silicon Laboratories had a return on equity of 11.06% and a net margin of 9.60%. The business’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.77 earnings per share. equities research analysts anticipate that Silicon Laboratories, Inc. will post 2.25 EPS for the current year.
In related news, Director William P. Wood sold 5,000 shares of the company’s 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO George Tyson Tuttle sold 3,713 shares of the company’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $80.00, for a total value of $297,040.00. Following the completion of the transaction, the chief executive officer now directly owns 204,879 shares in the company, valued at $16,390,320. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 46,700 shares of company stock worth $3,902,829. Insiders own 34.82% of the company’s stock.
A number of analysts have weighed in on the company. Barclays upped their target price on Silicon Laboratories from $72.00 to $86.00 and gave the stock an “overweight” rating in a report on Wednesday, October 18th. Zacks Investment Research lowered Silicon Laboratories from a “buy” rating to a “hold” rating in a report on Friday, August 25th. BidaskClub upgraded Silicon Laboratories from a “hold” rating to a “buy” rating in a report on Wednesday, August 16th. Stifel Nicolaus upped their target price on Silicon Laboratories from $85.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, October 12th. Finally, Canaccord Genuity upped their target price on Silicon Laboratories from $95.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $98.89.
Silicon Laboratories 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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