Silicon Laboratories Inc. (NASDAQ:SLAB) Shares Acquired by AE Wealth Management LLC

AE Wealth Management LLC grew its position in Silicon Laboratories Inc. (NASDAQ:SLABGet Rating) by 19.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,727 shares of the semiconductor company’s stock after purchasing an additional 761 shares during the period. AE Wealth Management LLC’s holdings in Silicon Laboratories were worth $584,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Nisa Investment Advisors LLC increased its holdings in shares of Silicon Laboratories by 1.4% in the second quarter. Nisa Investment Advisors LLC now owns 4,673 shares of the semiconductor company’s stock valued at $655,000 after purchasing an additional 66 shares during the period. Asset Management One Co. Ltd. increased its holdings in shares of Silicon Laboratories by 9.1% in the second quarter. Asset Management One Co. Ltd. now owns 949 shares of the semiconductor company’s stock valued at $133,000 after purchasing an additional 79 shares during the period. O Shaughnessy Asset Management LLC increased its holdings in shares of Silicon Laboratories by 3.2% in the second quarter. O Shaughnessy Asset Management LLC now owns 2,670 shares of the semiconductor company’s stock valued at $374,000 after purchasing an additional 82 shares during the period. Janney Montgomery Scott LLC increased its holdings in shares of Silicon Laboratories by 4.1% in the second quarter. Janney Montgomery Scott LLC now owns 3,253 shares of the semiconductor company’s stock valued at $467,000 after purchasing an additional 129 shares during the period. Finally, Meeder Asset Management Inc. increased its holdings in shares of Silicon Laboratories by 94.5% in the second quarter. Meeder Asset Management Inc. now owns 282 shares of the semiconductor company’s stock valued at $40,000 after purchasing an additional 137 shares during the period. 99.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Wells Fargo & Company upped their target price on Silicon Laboratories from $145.00 to $155.00 and gave the stock an “overweight” rating in a research note on Monday, January 9th. Barclays lowered their target price on Silicon Laboratories from $95.00 to $85.00 in a research note on Thursday, October 27th. Morgan Stanley lowered their target price on Silicon Laboratories from $161.00 to $151.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 27th. Cowen upped their target price on Silicon Laboratories from $150.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 7th. Finally, KeyCorp lowered their target price on Silicon Laboratories from $180.00 to $160.00 and set an “overweight” rating on the stock in a research note on Thursday, October 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $156.38.

Insider Activity

In other news, Director Nina Richardson sold 1,351 shares of the firm’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $145.00, for a total value of $195,895.00. Following the transaction, the director now owns 6,820 shares in the company, valued at $988,900. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.61% of the company’s stock.

Silicon Laboratories Stock Performance

Shares of SLAB stock opened at $150.09 on Friday. The company has a market capitalization of $4.99 billion, a P/E ratio of 88.29 and a beta of 1.12. The business’s 50 day moving average is $139.19 and its two-hundred day moving average is $133.38. The company has a current ratio of 7.90, a quick ratio of 7.47 and a debt-to-equity ratio of 0.34. Silicon Laboratories Inc. has a 12-month low of $109.44 and a 12-month high of $189.53.

Silicon Laboratories (NASDAQ:SLABGet Rating) last released its earnings results on Wednesday, October 26th. The semiconductor company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.04. The business had revenue of $269.82 million for the quarter, compared to the consensus estimate of $270.17 million. Silicon Laboratories had a return on equity of 5.70% and a net margin of 6.45%. Analysts expect that Silicon Laboratories Inc. will post 3.21 EPS for the current fiscal year.

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.

See Also

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

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