Meeder Asset Management Inc. Has $40,000 Stock Holdings in Silicon Laboratories Inc. (NASDAQ:SLAB)

Meeder Asset Management Inc. raised its holdings in shares of Silicon Laboratories Inc. (NASDAQ:SLABGet Rating) by 94.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 282 shares of the semiconductor company’s stock after purchasing an additional 137 shares during the quarter. Meeder Asset Management Inc.’s holdings in Silicon Laboratories were worth $40,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Zions Bancorporation N.A. grew its stake in shares of Silicon Laboratories by 24.5% in the 2nd quarter. Zions Bancorporation N.A. now owns 6,316 shares of the semiconductor company’s stock worth $886,000 after acquiring an additional 1,244 shares in the last quarter. Los Angeles Capital Management LLC raised its stake in Silicon Laboratories by 4.1% in the 2nd quarter. Los Angeles Capital Management LLC now owns 52,291 shares of the semiconductor company’s stock valued at $7,332,000 after acquiring an additional 2,055 shares during the period. Weil Company Inc. raised its position in shares of Silicon Laboratories by 316.8% in the second quarter. Weil Company Inc. now owns 6,390 shares of the semiconductor company’s stock valued at $896,000 after purchasing an additional 4,857 shares during the period. Royce & Associates LP lifted its position in shares of Silicon Laboratories by 20.8% during the second quarter. Royce & Associates LP now owns 29,000 shares of the semiconductor company’s stock worth $4,066,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Silicon Laboratories by 92.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 609 shares of the semiconductor company’s stock valued at $86,000 after purchasing an additional 292 shares during the period. Institutional investors and hedge funds own 99.62% of the company’s stock.

Insider Buying and Selling

In related news, Director Christy Wyatt sold 1,495 shares of the company’s stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $134.44, for a total value of $200,987.80. Following the sale, the director now directly owns 5,222 shares of the company’s stock, valued at $702,045.68. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.61% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on SLAB. Barclays reduced their price target on shares of Silicon Laboratories from $95.00 to $85.00 in a research report on Thursday, October 27th. KeyCorp lowered their price target on shares of Silicon Laboratories from $180.00 to $160.00 and set an “overweight” rating for the company in a report on Thursday, October 27th. Cowen cut their target price on Silicon Laboratories from $175.00 to $150.00 in a research note on Thursday, October 27th. Cowen lowered their price target on Silicon Laboratories from $175.00 to $150.00 in a research report on Thursday, October 27th. Finally, Needham & Company LLC lowered Silicon Laboratories from a “buy” rating to a “hold” rating in a research report on Thursday, October 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Silicon Laboratories has an average rating of “Hold” and a consensus price target of $152.00.

Silicon Laboratories Price Performance

Shares of SLAB stock opened at $141.24 on Monday. The stock has a market cap of $4.70 billion, a price-to-earnings ratio of 83.08 and a beta of 1.05. The business’s fifty day moving average is $123.92 and its 200 day moving average is $133.85. Silicon Laboratories Inc. has a twelve month low of $109.44 and a twelve month high of $211.98. The company has a quick ratio of 7.47, a current ratio of 7.90 and a debt-to-equity ratio of 0.34.

Silicon Laboratories Profile

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Silicon Laboratories Inc, a fabless semiconductor company, provides various analog-intensive mixed-signal solutions in the United States, China, and internationally. The company's products include wireless microcontrollers and sensor products. Its products are used in various electronic products in a range of applications for the Internet of Things (IoT), including connected home and security, industrial automation and control, smart metering, smart lighting, commercial building automation, consumer electronics, asset tracking, and medical instrumentation.

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

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