Silicon Laboratories Inc. (NASDAQ:SLAB) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Silicon Laboratories Inc. (NASDAQ:SLAB) by 12.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,160 shares of the semiconductor company’s stock after acquiring an additional 788 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Silicon Laboratories were worth $947,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. L. Roy Papp & Associates LLP lifted its stake in Silicon Laboratories by 1.2% during the 4th quarter. L. Roy Papp & Associates LLP now owns 9,920 shares of the semiconductor company’s stock valued at $1,312,000 after acquiring an additional 120 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of Silicon Laboratories by 20.0% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 733 shares of the semiconductor company’s stock valued at $85,000 after purchasing an additional 122 shares during the period. Venturi Wealth Management LLC acquired a new position in shares of Silicon Laboratories in the 3rd quarter valued at $30,000. O Shaughnessy Asset Management LLC lifted its stake in shares of Silicon Laboratories by 16.8% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 1,833 shares of the semiconductor company’s stock valued at $212,000 after purchasing an additional 264 shares during the period. Finally, Stifel Financial Corp lifted its stake in shares of Silicon Laboratories by 1.7% in the 3rd quarter. Stifel Financial Corp now owns 15,809 shares of the semiconductor company’s stock valued at $1,832,000 after purchasing an additional 269 shares during the period.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Needham & Company LLC upgraded shares of Silicon Laboratories from a “hold” rating to a “buy” rating and set a $150.00 target price for the company in a research note on Thursday. Citigroup decreased their target price on shares of Silicon Laboratories from $137.00 to $120.00 and set a “neutral” rating for the company in a research note on Thursday. Stifel Nicolaus boosted their target price on shares of Silicon Laboratories from $136.00 to $155.00 and gave the company a “buy” rating in a research note on Tuesday, January 2nd. TD Cowen decreased their target price on shares of Silicon Laboratories from $155.00 to $145.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Benchmark reissued a “hold” rating on shares of Silicon Laboratories in a report on Thursday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $135.00.

Silicon Laboratories Stock Performance

Shares of NASDAQ SLAB opened at $122.13 on Monday. Silicon Laboratories Inc. has a one year low of $74.56 and a one year high of $166.94. The firm has a market cap of $3.90 billion, a PE ratio of -36.90 and a beta of 1.27. The firm has a fifty day moving average of $133.57 and a 200 day moving average of $122.23.

Silicon Laboratories (NASDAQ:SLAB) last released its earnings results on Wednesday, April 24th. The semiconductor company reported ($1.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.29) by ($0.05). Silicon Laboratories had a negative return on equity of 4.45% and a negative net margin of 16.36%. The business had revenue of $106.38 million for the quarter, compared to analysts’ expectations of $104.45 million. On average, equities analysts predict that Silicon Laboratories Inc. will post -1.66 EPS for the current fiscal year.

About Silicon Laboratories

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 industrial Internet of Things (IoT), including industrial automation and control, smart buildings, access control, HVAC control, and industrial wearables and power tools; smart cities applications, such as smart metering, smart street lighting, renewable energy, electric vehicle supply equipment, and smart agriculture; commercial IoT applications, including smart lighting, asset tracking, electronic shelf labels, theft protection, and enterprise access points; smart home applications, comprising home automation/security systems, smart speakers, smart lighting, HVAC control, smart cameras, smart appliances, smart home sensing, smart locks, and window/blind controls; and connected health applications, including diabetes management, consumer health and fitness, elderly care, patient monitoring, and activity tracking; as well as in commercial building automation, consumer electronics, and medical instrumentation.