Inspire Investing LLC reduced its stake in Silicon Laboratories, Inc. (NASDAQ:SLAB – Free Report) by 6.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,036 shares of the semiconductor company’s stock after selling 196 shares during the period. Inspire Investing LLC’s holdings in Silicon Laboratories were worth $342,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of the business. GAMMA Investing LLC boosted its position in Silicon Laboratories by 99.6% in the 1st quarter. GAMMA Investing LLC now owns 1,126 shares of the semiconductor company’s stock valued at $127,000 after buying an additional 562 shares during the last quarter. Principal Financial Group Inc. boosted its position in Silicon Laboratories by 72.2% in the 1st quarter. Principal Financial Group Inc. now owns 129,911 shares of the semiconductor company’s stock valued at $14,624,000 after buying an additional 54,463 shares during the last quarter. KBC Group NV boosted its position in Silicon Laboratories by 27.1% in the 1st quarter. KBC Group NV now owns 1,625 shares of the semiconductor company’s stock valued at $183,000 after buying an additional 346 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in Silicon Laboratories by 2.9% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 7,379 shares of the semiconductor company’s stock valued at $831,000 after buying an additional 210 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in Silicon Laboratories by 9.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,334 shares of the semiconductor company’s stock valued at $290,000 after buying an additional 206 shares during the last quarter.
Silicon Laboratories Price Performance
Shares of Silicon Laboratories stock opened at $136.17 on Thursday. The firm has a market cap of $4.47 billion, a price-to-earnings ratio of -42.29 and a beta of 1.52. The stock’s 50-day moving average is $135.44 and its 200-day moving average is $126.33. Silicon Laboratories, Inc. has a one year low of $82.82 and a one year high of $160.00.
Analyst Upgrades and Downgrades
A number of research analysts have commented on the company. Stifel Nicolaus increased their price objective on Silicon Laboratories from $144.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Benchmark reissued a “buy” rating and issued a $160.00 price target on shares of Silicon Laboratories in a research note on Tuesday, May 27th. Barclays increased their price target on Silicon Laboratories from $100.00 to $130.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 5th. Susquehanna increased their price target on Silicon Laboratories from $110.00 to $150.00 and gave the company a “neutral” rating in a research note on Tuesday, July 22nd. Finally, KeyCorp increased their price target on Silicon Laboratories from $160.00 to $180.00 and gave the company an “overweight” rating in a research note on Tuesday, July 8th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $151.13.
Read Our Latest Stock Report on SLAB
Insider Activity at Silicon Laboratories
In other news, SVP Brandon Tolany sold 1,800 shares of the business’s stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $133.57, for a total value of $240,426.00. Following the sale, the senior vice president directly owned 62,328 shares in the company, valued at $8,325,150.96. The trade was a 2.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold 12,070 shares of company stock valued at $1,703,472 in the last 90 days. Insiders own 1.60% of the company’s stock.
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 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.
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