Rhumbline Advisers reduced its stake in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB) by 0.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 83,931 shares of the semiconductor company’s stock after selling 146 shares during the period. Rhumbline Advisers owned 0.20% of Silicon Laboratories worth $5,737,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. FMR LLC raised its stake in Silicon Laboratories by 1.3% in the first quarter. FMR LLC now owns 6,343,205 shares of the semiconductor company’s stock valued at $466,543,000 after buying an additional 81,038 shares during the period. BlackRock Inc. raised its stake in Silicon Laboratories by 25,072.0% in the first quarter. BlackRock Inc. now owns 4,558,402 shares of the semiconductor company’s stock valued at $335,271,000 after buying an additional 4,540,293 shares during the period. Vanguard Group Inc. raised its stake in Silicon Laboratories by 5.1% in the first quarter. Vanguard Group Inc. now owns 3,292,023 shares of the semiconductor company’s stock valued at $242,129,000 after buying an additional 160,997 shares during the period. State Street Corp raised its stake in Silicon Laboratories by 4.1% in the first quarter. State Street Corp now owns 1,446,066 shares of the semiconductor company’s stock valued at $106,361,000 after buying an additional 56,814 shares during the period. Finally, Van Berkom & Associates Inc. raised its stake in Silicon Laboratories by 0.4% in the second quarter. Van Berkom & Associates Inc. now owns 795,541 shares of the semiconductor company’s stock valued at $54,375,000 after buying an additional 3,090 shares during the period. Hedge funds and other institutional investors own 89.01% of the company’s stock.

Shares of Silicon Laboratories, Inc. (NASDAQ:SLAB) opened at 75.00 on Thursday. The stock has a market cap of $3.19 billion, a price-to-earnings ratio of 44.72 and a beta of 1.25. Silicon Laboratories, Inc. has a 52 week low of $54.30 and a 52 week high of $79.15. The stock’s 50 day moving average is $73.06 and its 200 day moving average is $72.23.

Silicon Laboratories (NASDAQ:SLAB) last announced its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $0.79 EPS for the quarter, beating the 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 business had revenue of $190.10 million during the quarter, compared to analysts’ expectations of $186.46 million. During the same period in the previous year, the business posted $0.75 EPS. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. On average, equities analysts forecast that Silicon Laboratories, Inc. will post $3.06 EPS for the current year.

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SLAB has been the subject of several analyst reports. BidaskClub lowered shares of Silicon Laboratories from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 16th. Needham & Company LLC reiterated a “buy” rating and issued a $85.00 price objective (up previously from $80.00) on shares of Silicon Laboratories in a research note on Thursday, July 27th. Zacks Investment Research upgraded shares of Silicon Laboratories from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a research note on Saturday, August 26th. B. Riley reiterated a “buy” rating and issued a $90.00 price objective on shares of Silicon Laboratories in a research note on Friday, July 28th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $82.00 price objective on shares of Silicon Laboratories in a research note on Tuesday, June 6th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $80.10.

In other news, CFO John C. Hollister sold 2,000 shares of Silicon Laboratories stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of $71.20, for a total transaction of $142,400.00. Following the completion of the transaction, the chief financial officer now directly owns 72,767 shares of the company’s stock, valued at approximately $5,181,010.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director William P. Wood sold 5,000 shares of Silicon Laboratories stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $68.55, for a total transaction of $342,750.00. Following the transaction, the director now directly owns 30,526 shares of the company’s stock, valued at $2,092,557.30. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 96,000 shares of company stock valued at $7,143,625. 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.

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

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