Bank of Montreal Can Acquires 911 Shares of Silicon Laboratories Inc. (NASDAQ:SLAB)

Bank of Montreal Can raised its holdings in shares of Silicon Laboratories Inc. (NASDAQ:SLAB) by 25.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,474 shares of the semiconductor company’s stock after purchasing an additional 911 shares during the quarter. Bank of Montreal Can’s holdings in Silicon Laboratories were worth $556,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Jones Financial Companies Lllp raised its holdings in Silicon Laboratories by 44.5% in the 4th quarter. Jones Financial Companies Lllp now owns 224 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 69 shares during the period. Headlands Technologies LLC acquired a new position in Silicon Laboratories in the 4th quarter valued at $70,000. Venturi Wealth Management LLC lifted its holdings in shares of Silicon Laboratories by 207.0% during the fourth quarter. Venturi Wealth Management LLC now owns 786 shares of the semiconductor company’s stock worth $98,000 after buying an additional 530 shares in the last quarter. Asset Management One Co. Ltd. bought a new stake in shares of Silicon Laboratories in the fourth quarter valued at about $117,000. Finally, KBC Group NV increased its position in Silicon Laboratories by 42.1% during the fourth quarter. KBC Group NV now owns 1,279 shares of the semiconductor company’s stock worth $159,000 after acquiring an additional 379 shares during the period.

Analyst Ratings Changes

A number of brokerages have issued reports on SLAB. Stifel Nicolaus decreased their target price on shares of Silicon Laboratories from $145.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. KeyCorp upped their target price on Silicon Laboratories from $115.00 to $160.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Barclays raised their price target on Silicon Laboratories from $75.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Friday, January 17th. StockNews.com cut shares of Silicon Laboratories from a “hold” rating to a “sell” rating in a research report on Thursday, March 27th. Finally, Benchmark reissued a “buy” rating and issued a $160.00 price objective on shares of Silicon Laboratories in a research note on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $133.70.

Insider Activity at Silicon Laboratories

In related news, Director William G. Bock sold 1,000 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $149.43, for a total value of $149,430.00. Following the transaction, the director now owns 31,115 shares in the company, valued at $4,649,514.45. The trade was a 3.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Navdeep S. Sooch sold 2,360 shares of Silicon Laboratories stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $149.00, for a total value of $351,640.00. Following the completion of the transaction, the director now directly owns 400,567 shares of the company’s stock, valued at approximately $59,684,483. This trade represents a 0.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,360 shares of company stock worth $782,610 over the last three months. Company insiders own 1.60% of the company’s stock.

Silicon Laboratories Stock Down 0.1 %

Shares of SLAB stock opened at $90.43 on Tuesday. The firm has a market capitalization of $2.94 billion, a P/E ratio of -15.22 and a beta of 1.33. Silicon Laboratories Inc. has a twelve month low of $82.82 and a twelve month high of $160.00. The stock’s fifty day simple moving average is $120.78 and its 200 day simple moving average is $121.47.

Silicon Laboratories (NASDAQ:SLAB) last issued its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported ($0.11) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.11). Silicon Laboratories had a negative net margin of 32.69% and a negative return on equity of 10.46%. The business had revenue of $166.25 million during the quarter, compared to analyst estimates of $166.09 million. During the same quarter last year, the business earned ($1.19) EPS. The firm’s quarterly revenue was up 91.4% on a year-over-year basis. As a group, equities research analysts expect that Silicon Laboratories Inc. will post -0.97 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.