Nisa Investment Advisors LLC Has $422,000 Stake in Silicon Laboratories, Inc. (SLAB)
Nisa Investment Advisors LLC continued to hold its position in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,170 shares of the semiconductor company’s stock at the end of the second quarter. Nisa Investment Advisors LLC’s holdings in Silicon Laboratories were worth $422,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. raised its position in Silicon Laboratories by 3.0% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,685 shares of the semiconductor company’s stock worth $124,000 after buying an additional 49 shares during the period. Pier 88 Investment Partners LLC acquired a new position in Silicon Laboratories during the second quarter worth $187,000. Capstone Asset Management Co. acquired a new position in Silicon Laboratories during the first quarter worth $222,000. Oppenheimer Asset Management Inc. acquired a new position in Silicon Laboratories during the first quarter worth $224,000. Finally, LS Investment Advisors LLC raised its position in Silicon Laboratories by 18.0% in the second quarter. LS Investment Advisors LLC now owns 3,355 shares of the semiconductor company’s stock worth $229,000 after buying an additional 512 shares during the period. 88.64% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Silicon Laboratories, Inc. (SLAB) traded up 0.61% during mid-day trading on Friday, hitting $74.55. 124,839 shares of the stock traded hands. The company has a market capitalization of $3.17 billion, a PE ratio of 44.45 and a beta of 1.25. The company’s 50-day moving average price is $71.55 and its 200 day moving average price is $71.85. Silicon Laboratories, Inc. has a 1-year low of $52.00 and a 1-year high of $79.15.
Silicon Laboratories (NASDAQ:SLAB) last announced its earnings results on Wednesday, July 26th. The semiconductor company reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.08. Silicon Laboratories had a net margin of 9.88% and a return on equity of 11.15%. The firm had revenue of $190.10 million for the quarter, compared to analysts’ expectations of $186.46 million. During the same quarter in the previous year, the business posted $0.75 EPS. The company’s quarterly revenue was up 8.7% on a year-over-year basis. Equities research analysts forecast that Silicon Laboratories, Inc. will post $3.06 EPS for the current fiscal year.
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A number of research firms have weighed in on SLAB. B. Riley reaffirmed a “buy” rating and issued a $81.00 price objective on shares of Silicon Laboratories in a research note on Tuesday, May 2nd. DA Davidson raised their price objective on shares of Silicon Laboratories from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Wednesday, April 26th. Zacks Investment Research raised shares of Silicon Laboratories from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. Canaccord Genuity reaffirmed a “buy” rating and issued a $83.00 price objective on shares of Silicon Laboratories in a research note on Thursday, April 27th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $85.00 price objective (up from $82.00) on shares of Silicon Laboratories in a research note on Thursday, July 27th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Silicon Laboratories presently has an average rating of “Buy” and an average target price of $80.70.
In related news, CFO John C. Hollister sold 2,000 shares of the company’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $70.55, for a total value of $141,100.00. Following the transaction, the chief financial officer now owns 74,767 shares in the company, valued at approximately $5,274,811.85. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director William P. Wood sold 5,000 shares of the company’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $76.35, for a total transaction of $381,750.00. Following the completion of the transaction, the director now owns 30,526 shares in the company, valued at approximately $2,330,660.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 98,500 shares of company stock worth $7,322,125. Company insiders own 34.82% of the company’s stock.
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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