Natixis Advisors L.P. Acquires 832 Shares of Silicon Laboratories Inc. (NASDAQ:SLAB)

Natixis Advisors L.P. grew its holdings in Silicon Laboratories Inc. (NASDAQ:SLAB) by 6.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,529 shares of the semiconductor company’s stock after purchasing an additional 832 shares during the period. Natixis Advisors L.P.’s holdings in Silicon Laboratories were worth $2,544,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Envestnet Asset Management Inc. grew its holdings in shares of Silicon Laboratories by 210.2% in the first quarter. Envestnet Asset Management Inc. now owns 177,466 shares of the semiconductor company’s stock worth $10,503,000 after acquiring an additional 120,258 shares during the period. Mount Yale Investment Advisors LLC bought a new stake in shares of Silicon Laboratories in the first quarter worth $235,000. Guggenheim Capital LLC grew its holdings in shares of Silicon Laboratories by 16.5% in the first quarter. Guggenheim Capital LLC now owns 44,253 shares of the semiconductor company’s stock worth $7,748,000 after acquiring an additional 6,256 shares during the period. Cooper Financial Group grew its holdings in shares of Silicon Laboratories by 6.9% in the first quarter. Cooper Financial Group now owns 2,269 shares of the semiconductor company’s stock worth $397,000 after acquiring an additional 146 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Silicon Laboratories in the first quarter worth $262,000.

Silicon Laboratories Stock Up 0.3 %

Shares of Silicon Laboratories stock opened at $135.22 on Friday. The stock’s 50-day simple moving average is $146.78 and its 200-day simple moving average is $155.36. Silicon Laboratories Inc. has a 52 week low of $109.44 and a 52 week high of $194.68. The company has a market capitalization of $4.31 billion, a price-to-earnings ratio of 64.39 and a beta of 1.10.

Silicon Laboratories (NASDAQ:SLAB) last issued its earnings results on Wednesday, July 26th. The semiconductor company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.06). Silicon Laboratories had a return on equity of 7.36% and a net margin of 7.00%. The firm had revenue of $244.87 million during the quarter, compared to the consensus estimate of $243.32 million. On average, equities analysts expect that Silicon Laboratories Inc. will post 1.99 earnings per share for the current year.

Insider Transactions at Silicon Laboratories

In other news, CEO Robert Matthew Johnson sold 3,498 shares of Silicon Laboratories stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $144.06, for a total value of $503,921.88. Following the sale, the chief executive officer now directly owns 38,263 shares of the company’s stock, valued at $5,512,167.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.96% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on SLAB. KeyCorp cut their price objective on Silicon Laboratories from $200.00 to $180.00 and set an “overweight” rating for the company in a report on Thursday, July 27th. Raymond James began coverage on Silicon Laboratories in a research report on Friday, July 7th. They set a “market perform” rating on the stock. StockNews.com began coverage on Silicon Laboratories in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Finally, Citigroup lowered their target price on Silicon Laboratories from $165.00 to $148.00 and set a “neutral” rating on the stock in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $167.50.

Silicon Laboratories Company Profile

Silicon Laboratories Inc, a fabless semiconductor company, provides various analog-intensive mixed-signal solutions in the United States, China, Taiwan, 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.