Oppenheimer Asset Management Inc. raised its stake in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB) by 173.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,393 shares of the semiconductor company’s stock after purchasing an additional 6,586 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Silicon Laboratories were worth $830,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of SLAB. Capstone Asset Management Co. increased its position 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 purchasing an additional 260 shares during the last quarter. Russell Investments Group Ltd. increased its position 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 purchasing an additional 2,136 shares during the last quarter. Great West Life Assurance Co. Can increased its position 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 purchasing an additional 934 shares during the last quarter. Sei Investments Co. increased its position in Silicon Laboratories by 11.9% during the second quarter. Sei Investments Co. now owns 64,818 shares of the semiconductor company’s stock worth $4,431,000 after purchasing an additional 6,884 shares during the last quarter. Finally, Arizona State Retirement System increased its position in Silicon Laboratories by 2.9% during the second quarter. Arizona State Retirement System now owns 17,900 shares of the semiconductor company’s stock worth $1,223,000 after purchasing an additional 500 shares during the last quarter. 90.81% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts recently commented on SLAB shares. Stifel Nicolaus upped their price target on shares of Silicon Laboratories from $85.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, October 12th. Zacks Investment Research raised shares of Silicon Laboratories from a “hold” rating to a “buy” rating and set a $98.00 price target for the company in a research report on Saturday, October 14th. Canaccord Genuity reiterated a “buy” rating and set a $95.00 price objective (up from $85.00) on shares of Silicon Laboratories in a research note on Tuesday, October 10th. Barclays boosted their price objective on shares of Silicon Laboratories from $72.00 to $86.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 18th. Finally, B. Riley reiterated a “buy” rating and set a $115.00 price objective on shares of Silicon Laboratories in a research note on Friday, December 8th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $99.44.

Shares of Silicon Laboratories, Inc. (NASDAQ:SLAB) opened at $89.65 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 5.20 and a current ratio of 5.66. Silicon Laboratories, Inc. has a 52 week low of $63.15 and a 52 week high of $96.93. The stock has a market cap of $3,730.00, a P/E ratio of 38.92, a price-to-earnings-growth ratio of 2.62 and a beta of 1.37.

Silicon Laboratories (NASDAQ:SLAB) last announced its earnings results on Wednesday, October 25th. The semiconductor company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.09. The business had revenue of $198.70 million during the quarter, compared to the consensus estimate of $196.20 million. Silicon Laboratories had a net margin of 9.60% and a return on equity of 11.06%. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.77 earnings per share. sell-side analysts predict that Silicon Laboratories, Inc. will post 2.25 EPS for the current year.

In other news, CFO John C. Hollister sold 2,000 shares of the company’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $78.45, for a total value of $156,900.00. Following the completion of the transaction, the chief financial officer now directly owns 66,767 shares in the company, valued at $5,237,871.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William G. Bock sold 2,500 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $89.24, for a total transaction of $223,100.00. Following the completion of the transaction, the director now owns 43,426 shares of the company’s stock, valued at $3,875,336.24. The disclosure for this sale can be found here. Insiders sold 46,700 shares of company stock valued at $3,902,829 over the last 90 days. Insiders own 34.82% of the company’s stock.

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

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