Brinker Capital Inc. raised its stake in Silicon Laboratories (NASDAQ:SLAB) by 9.9% during the 4th quarter, Holdings Channel reports. The firm owned 9,468 shares of the semiconductor company’s stock after acquiring an additional 850 shares during the period. Brinker Capital Inc.’s holdings in Silicon Laboratories were worth $746,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Swiss National Bank lifted its position in shares of Silicon Laboratories by 1.6% during the 3rd quarter. Swiss National Bank now owns 75,400 shares of the semiconductor company’s stock worth $6,922,000 after buying an additional 1,200 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of Silicon Laboratories by 4.8% during the 3rd quarter. Alliancebernstein L.P. now owns 620,636 shares of the semiconductor company’s stock worth $56,974,000 after buying an additional 28,209 shares in the last quarter. American International Group Inc. lifted its position in shares of Silicon Laboratories by 1.4% during the 3rd quarter. American International Group Inc. now owns 115,831 shares of the semiconductor company’s stock worth $10,633,000 after buying an additional 1,647 shares in the last quarter. FMR LLC lifted its position in shares of Silicon Laboratories by 0.3% during the 3rd quarter. FMR LLC now owns 6,502,711 shares of the semiconductor company’s stock worth $596,949,000 after buying an additional 18,051 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its position in shares of Silicon Laboratories by 14.8% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 436,191 shares of the semiconductor company’s stock worth $40,042,000 after buying an additional 56,175 shares in the last quarter. Institutional investors own 92.11% of the company’s stock.

Shares of SLAB stock opened at $80.46 on Friday. The company has a quick ratio of 5.19, a current ratio of 5.71 and a debt-to-equity ratio of 0.33. Silicon Laboratories has a 12-month low of $73.13 and a 12-month high of $110.70. The company has a market cap of $3.64 billion, a PE ratio of 28.13, a P/E/G ratio of 3.08 and a beta of 1.47.

Silicon Laboratories (NASDAQ:SLAB) last issued its quarterly earnings results on Wednesday, January 30th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by ($0.03). Silicon Laboratories had a return on equity of 12.13% and a net margin of 9.63%. The company had revenue of $215.50 million for the quarter, compared to analysts’ expectations of $224.21 million. During the same quarter in the previous year, the business earned $0.93 EPS. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. Equities analysts forecast that Silicon Laboratories will post 1.82 earnings per share for the current fiscal year.

In other news, Director William G. Bock sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $87.74, for a total transaction of $87,740.00. Following the completion of the sale, the director now owns 38,751 shares in the company, valued at approximately $3,400,012.74. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.10% of the company’s stock.

Several equities analysts have commented on the stock. Zacks Investment Research raised shares of Silicon Laboratories from a “hold” rating to a “buy” rating and set a $101.00 target price on the stock in a research report on Saturday, January 26th. Needham & Company LLC reissued a “buy” rating and set a $100.00 target price on shares of Silicon Laboratories in a research report on Thursday, January 24th. BidaskClub raised shares of Silicon Laboratories from a “hold” rating to a “buy” rating in a research report on Saturday, January 12th. Finally, Barclays reissued a “hold” rating and set a $80.00 target price on shares of Silicon Laboratories in a research report on Thursday, January 31st. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $99.60.

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Silicon Laboratories Company Profile

Silicon Laboratories Inc, a fabless semiconductor company, designs, develops, and markets mixed-signal integrated circuits (ICs) in the United States, China, and internationally. The company offers Internet of things products, including 8-bit mixed-signal, 32-bit wireless, and ultra-low-power 32-bit microcontrollers; wireless connectivity devices, such as multiprotocol wireless Gecko system-on-chip devices; real-time operating systems; sensor products comprising optical, relative humidity/temperature, and hall effect magnetic sensors.

Further Reading: Asset Allocation and Your Retirement

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

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