Neuberger Berman Group LLC Invests $274,000 in Silicon Laboratories, Inc. (SLAB) Stock
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.
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.
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