Stanley Laman Group Ltd. purchased a new position in shares of Silicon Laboratories (NASDAQ:SLAB) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 9,393 shares of the semiconductor company’s stock, valued at approximately $740,000.

A number of other institutional investors have also bought and sold shares of SLAB. Federated Investors Inc. PA grew its holdings in Silicon Laboratories by 1,565.8% during the third quarter. Federated Investors Inc. PA now owns 689,241 shares of the semiconductor company’s stock worth $63,272,000 after purchasing an additional 647,865 shares during the period. Frontier Capital Management Co. LLC grew its holdings in Silicon Laboratories by 310.3% during the third quarter. Frontier Capital Management Co. LLC now owns 551,776 shares of the semiconductor company’s stock worth $50,653,000 after purchasing an additional 417,299 shares during the period. Victory Capital Management Inc. bought a new position in Silicon Laboratories during the fourth quarter worth about $21,806,000. Vanguard Group Inc grew its holdings in Silicon Laboratories by 2.3% during the third quarter. Vanguard Group Inc now owns 3,995,961 shares of the semiconductor company’s stock worth $366,828,000 after purchasing an additional 90,944 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Silicon Laboratories by 2.3% during the third quarter. Vanguard Group Inc. now owns 3,995,961 shares of the semiconductor company’s stock worth $366,828,000 after purchasing an additional 90,944 shares during the period. Institutional investors and hedge funds own 95.50% of the company’s stock.

Shares of SLAB stock opened at $88.34 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 5.71 and a quick ratio of 5.19. The company has a market cap of $3.81 billion, a price-to-earnings ratio of 30.89, a P/E/G ratio of 3.17 and a beta of 1.49. Silicon Laboratories has a 12-month low of $73.13 and a 12-month high of $110.70.

Silicon Laboratories (NASDAQ:SLAB) last issued its quarterly earnings data 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). The company had revenue of $215.50 million for the quarter, compared to analyst estimates of $224.21 million. Silicon Laboratories had a return on equity of 12.13% and a net margin of 9.63%. The company’s revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the business earned $0.93 earnings per share. On average, sell-side analysts anticipate that Silicon Laboratories will post 1.82 EPS for the current fiscal year.

In other news, SVP Alessandro Piovaccari sold 1,121 shares of Silicon Laboratories stock in a transaction that occurred on Friday, December 14th. The shares were sold at an average price of $82.52, for a total value of $92,504.92. Following the completion of the sale, the senior vice president now directly owns 26,222 shares in the company, valued at $2,163,839.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director William G. Bock sold 1,000 shares of Silicon Laboratories 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 of the company’s stock, valued at $3,400,012.74. The disclosure for this sale can be found here. Company insiders own 1.96% of the company’s stock.

A number of equities analysts recently commented on the company. BidaskClub upgraded Silicon Laboratories from a “hold” rating to a “buy” rating in a report on Friday, February 8th. Zacks Investment Research cut Silicon Laboratories from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 6th. Roth Capital reduced their price target on Silicon Laboratories from $100.00 to $95.00 and set a “buy” rating for the company in a report on Thursday, January 31st. Needham & Company LLC cut Silicon Laboratories from a “buy” rating to a “hold” rating in a report on Thursday, January 31st. Finally, Barclays reiterated a “hold” rating and set a $80.00 price target on shares of Silicon Laboratories in a report on Thursday, January 31st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus 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.

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

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