Silicon Laboratories, Inc. $SLAB Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC boosted its stake in Silicon Laboratories, Inc. (NASDAQ:SLAB) by 836.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 49,934 shares of the semiconductor company’s stock after acquiring an additional 44,601 shares during the period. SG Americas Securities LLC’s holdings in Silicon Laboratories were worth $6,526,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of Silicon Laboratories by 1.9% during the third quarter. Vanguard Group Inc. now owns 3,870,975 shares of the semiconductor company’s stock worth $507,601,000 after purchasing an additional 73,773 shares in the last quarter. State Street Corp boosted its position in shares of Silicon Laboratories by 0.5% in the 2nd quarter. State Street Corp now owns 1,517,813 shares of the semiconductor company’s stock valued at $223,665,000 after purchasing an additional 7,139 shares during the period. Invesco Ltd. boosted its position in shares of Silicon Laboratories by 3.5% in the 3rd quarter. Invesco Ltd. now owns 755,142 shares of the semiconductor company’s stock valued at $99,022,000 after purchasing an additional 25,273 shares during the period. AQR Capital Management LLC grew its stake in Silicon Laboratories by 89.5% during the 3rd quarter. AQR Capital Management LLC now owns 701,919 shares of the semiconductor company’s stock worth $91,109,000 after buying an additional 331,427 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in Silicon Laboratories by 1.7% during the 2nd quarter. Bank of America Corp DE now owns 458,791 shares of the semiconductor company’s stock worth $67,607,000 after buying an additional 7,743 shares during the last quarter.

Insider Transactions at Silicon Laboratories

In other news, Director Nina Richardson sold 1,355 shares of Silicon Laboratories stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of $149.00, for a total transaction of $201,895.00. Following the completion of the sale, the director directly owned 8,543 shares in the company, valued at approximately $1,272,907. This trade represents a 13.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Benchmark cut Silicon Laboratories from a “buy” rating to a “hold” rating in a research note on Wednesday, February 4th. Needham & Company LLC lowered shares of Silicon Laboratories from a “buy” rating to a “hold” rating in a research report on Wednesday, February 4th. Royal Bank Of Canada lifted their target price on shares of Silicon Laboratories from $160.00 to $205.00 and gave the company a “sector perform” rating in a report on Thursday, February 5th. Citigroup upped their price target on shares of Silicon Laboratories from $135.00 to $231.00 and gave the company a “neutral” rating in a research report on Friday, February 6th. Finally, KeyCorp downgraded shares of Silicon Laboratories from an “overweight” rating to a “hold” rating in a research report on Wednesday, February 4th. One equities research analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $167.78.

Silicon Laboratories Stock Up 1.1%

NASDAQ:SLAB opened at $208.15 on Wednesday. The firm’s fifty day simple moving average is $192.98 and its 200-day simple moving average is $154.60. The stock has a market cap of $6.86 billion, a PE ratio of -104.60 and a beta of 1.46. Silicon Laboratories, Inc. has a fifty-two week low of $82.82 and a fifty-two week high of $208.84.

Silicon Laboratories (NASDAQ:SLAB) last announced its quarterly earnings data on Wednesday, February 4th. The semiconductor company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.54 by $0.02. The firm had revenue of $208.21 million during the quarter, compared to analysts’ expectations of $207.63 million. Silicon Laboratories had a negative net margin of 8.27% and a negative return on equity of 4.07%. The business’s revenue for the quarter was up 25.3% compared to the same quarter last year. During the same quarter last year, the business earned ($0.11) earnings per share. Equities analysts anticipate that Silicon Laboratories, Inc. will post -0.97 earnings per share for the current year.

About Silicon Laboratories

Silicon Laboratories (NASDAQ:SLAB) is a global semiconductor company that develops high-performance analog and mixed-signal integrated circuits, wireless system-on-chips (SoCs), microcontrollers, and radio frequency (RF) solutions. Its product portfolio is tailored to support the Internet of Things (IoT), infrastructure, industrial automation, consumer electronics, automotive, and energy markets. By combining silicon, software, and tools, Silicon Labs aims to accelerate development cycles and deliver low-power, highly integrated solutions that address demanding application requirements.

Founded in 1996 and headquartered in Austin, Texas, Silicon Labs has grown into a multinational organization with engineering and sales operations across North America, Europe, and Asia.