Neuberger Berman Group LLC bought a new position in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,424 shares of the semiconductor company’s stock, valued at approximately $274,000.

A number of other institutional investors have also bought and sold shares of SLAB. Quantbot Technologies LP acquired a new position in Silicon Laboratories during the second quarter worth $102,000. Advisors Asset Management Inc. increased its position in Silicon Laboratories by 75.1% during the third quarter. Advisors Asset Management Inc. now owns 1,292 shares of the semiconductor company’s stock worth $103,000 after buying an additional 554 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Silicon Laboratories by 10.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,623 shares of the semiconductor company’s stock worth $111,000 after buying an additional 148 shares during the last quarter. Riverhead Capital Management LLC increased its position in Silicon Laboratories by 76.7% during the second quarter. Riverhead Capital Management LLC now owns 2,297 shares of the semiconductor company’s stock worth $157,000 after buying an additional 997 shares during the last quarter. Finally, BT Investment Management Ltd acquired a new position in Silicon Laboratories during the second quarter worth $202,000. 90.80% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Silicon Laboratories, Inc. (NASDAQ SLAB) opened at $94.25 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 fifty-two week low of $63.15 and a fifty-two week high of $96.93. The stock has a market cap of $3,869.17, a PE ratio of 56.44, a price-to-earnings-growth ratio of 2.34 and a beta of 1.37.

Silicon Laboratories (NASDAQ:SLAB) last released its quarterly earnings results on Wednesday, October 25th. The semiconductor company reported $0.90 earnings per share (EPS) for the quarter, beating 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 company had revenue of $198.70 million during the quarter, compared to analysts’ expectations of $196.20 million. During the same period in the prior year, the company earned $0.77 earnings per share. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. equities research analysts predict that Silicon Laboratories, Inc. will post 2.27 EPS for the current fiscal year.

In related news, CFO John C. Hollister sold 2,000 shares of the stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $88.45, for a total value of $176,900.00. Following the completion of the sale, the chief financial officer now owns 64,767 shares in the company, valued at $5,728,641.15. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director William P. Wood sold 5,000 shares of the stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $91.30, for a total transaction of $456,500.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,700 shares of company stock valued at $1,337,650. 34.82% of the stock is owned by corporate insiders.

SLAB has been the subject of a number of recent analyst reports. BidaskClub cut shares of Silicon Laboratories from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. Needham & Company LLC restated a “buy” rating and set a $110.00 price target on shares of Silicon Laboratories in a report on Monday, December 11th. Roth Capital upped their price target on shares of Silicon Laboratories from $100.00 to $105.00 and gave the company a “buy” rating in a report on Monday, December 11th. B. Riley restated a “buy” rating and set a $115.00 price target on shares of Silicon Laboratories in a report on Friday, December 8th. Finally, Barclays restated a “neutral” rating on shares of Silicon Laboratories in a report on Friday, October 27th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $99.44.

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About Silicon Laboratories

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.

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

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