Mirae Asset Global Investments Co. Ltd. Acquires 8,950 Shares of Silicon Laboratories Inc. (NASDAQ:SLAB)

Mirae Asset Global Investments Co. Ltd. increased its position in Silicon Laboratories Inc. (NASDAQ:SLABFree Report) by 12.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 80,745 shares of the semiconductor company’s stock after purchasing an additional 8,950 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.25% of Silicon Laboratories worth $11,605,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. GAMMA Investing LLC bought a new stake in shares of Silicon Laboratories in the 4th quarter valued at about $36,000. Gladius Capital Management LP raised its holdings in Silicon Laboratories by 328.7% in the 4th quarter. Gladius Capital Management LP now owns 373 shares of the semiconductor company’s stock valued at $49,000 after acquiring an additional 286 shares during the period. CWM LLC raised its holdings in Silicon Laboratories by 78.1% in the 4th quarter. CWM LLC now owns 374 shares of the semiconductor company’s stock valued at $49,000 after acquiring an additional 164 shares during the period. Mather Group LLC. bought a new position in Silicon Laboratories in the 1st quarter valued at about $63,000. Finally, International Assets Investment Management LLC raised its holdings in Silicon Laboratories by 429.1% in the 4th quarter. International Assets Investment Management LLC now owns 926 shares of the semiconductor company’s stock valued at $122,000 after acquiring an additional 751 shares during the period.

Wall Street Analysts Forecast Growth

SLAB has been the topic of several research analyst reports. Barclays lowered their price target on shares of Silicon Laboratories from $140.00 to $120.00 and set an “equal weight” rating on the stock in a report on Thursday, April 25th. Citigroup lowered their price target on shares of Silicon Laboratories from $137.00 to $120.00 and set a “neutral” rating on the stock in a report on Thursday, April 25th. Benchmark restated a “hold” rating on shares of Silicon Laboratories in a research report on Thursday, April 25th. Summit Insights lowered shares of Silicon Laboratories from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. Finally, StockNews.com upgraded shares of Silicon Laboratories to a “sell” rating in a research report on Wednesday, May 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $135.00.

Read Our Latest Research Report on SLAB

Silicon Laboratories Stock Performance

NASDAQ SLAB opened at $112.22 on Monday. The firm’s fifty day moving average price is $120.97 and its two-hundred day moving average price is $127.71. The stock has a market cap of $3.58 billion, a PE ratio of -33.90 and a beta of 1.20. Silicon Laboratories Inc. has a fifty-two week low of $74.56 and a fifty-two week high of $166.94.

Silicon Laboratories (NASDAQ:SLABGet Free Report) last posted its earnings results on Wednesday, April 24th. The semiconductor company reported ($1.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.29) by ($0.05). The company had revenue of $106.38 million for the quarter, compared to the consensus estimate of $104.45 million. Silicon Laboratories had a negative return on equity of 4.45% and a negative net margin of 16.36%. As a group, sell-side analysts predict that Silicon Laboratories Inc. will post -3.21 earnings per share for the current fiscal year.

Insider Transactions at Silicon Laboratories

In related news, CEO Robert Matthew Johnson sold 7,230 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $123.80, for a total value of $895,074.00. Following the transaction, the chief executive officer now owns 47,910 shares in the company, valued at $5,931,258. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.72% of the stock is owned by company insiders.

Silicon Laboratories Company Profile

(Free Report)

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.

Featured Articles

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

Receive News & Ratings for Silicon Laboratories Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Silicon Laboratories and related companies with MarketBeat.com's FREE daily email newsletter.