Fox Run Management L.L.C. Acquires Shares of 12,030 Silicon Laboratories, Inc. $SLAB

Fox Run Management L.L.C. bought a new position in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 12,030 shares of the semiconductor company’s stock, valued at approximately $1,577,000.

A number of other large investors have also added to or reduced their stakes in the business. First Horizon Corp bought a new position in Silicon Laboratories during the third quarter worth $35,000. EverSource Wealth Advisors LLC lifted its stake in shares of Silicon Laboratories by 45.7% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 274 shares of the semiconductor company’s stock worth $36,000 after buying an additional 86 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of Silicon Laboratories by 43.9% during the 3rd quarter. UMB Bank n.a. now owns 282 shares of the semiconductor company’s stock worth $37,000 after buying an additional 86 shares during the last quarter. Mather Group LLC. bought a new stake in shares of Silicon Laboratories during the 3rd quarter worth about $39,000. Finally, Hantz Financial Services Inc. grew its stake in Silicon Laboratories by 189.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 362 shares of the semiconductor company’s stock valued at $47,000 after buying an additional 237 shares during the last quarter.

Insider Transactions at Silicon Laboratories

In related news, SVP Brandon Tolany sold 4,246 shares of the business’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $140.17, for a total value of $595,161.82. Following the completion of the transaction, the senior vice president owned 62,381 shares of the company’s stock, valued at $8,743,944.77. The trade was a 6.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Nina Richardson sold 1,355 shares of the stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $149.00, for a total transaction of $201,895.00. Following the sale, the director owned 8,543 shares in the company, valued at $1,272,907. The trade was a 13.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 7,555 shares of company stock valued at $1,073,528. 1.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on SLAB shares. Royal Bank Of Canada raised their price objective on shares of Silicon Laboratories from $160.00 to $205.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 5th. Citigroup increased their target price on Silicon Laboratories from $135.00 to $231.00 and gave the stock a “neutral” rating in a research note on Friday, February 6th. KeyCorp cut Silicon Laboratories from an “overweight” rating to a “hold” rating in a report on Wednesday, February 4th. Needham & Company LLC lowered Silicon Laboratories from a “buy” rating to a “hold” rating in a report on Wednesday, February 4th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Silicon Laboratories in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Silicon Laboratories presently has a consensus rating of “Hold” and an average target price of $167.78.

Silicon Laboratories Trading Up 0.1%

Shares of SLAB stock opened at $204.35 on Wednesday. The stock has a market cap of $6.74 billion, a P/E ratio of -102.69 and a beta of 1.56. Silicon Laboratories, Inc. has a 1 year low of $82.82 and a 1 year high of $208.84. The stock has a 50 day simple moving average of $160.48 and a 200 day simple moving average of $142.24.

Silicon Laboratories (NASDAQ:SLAB) last posted its quarterly earnings data on Wednesday, February 4th. The semiconductor company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.02. The firm had revenue of $208.21 million for the quarter, compared to analyst estimates of $207.63 million. Silicon Laboratories had a negative return on equity of 4.07% and a negative net margin of 8.27%.The company’s revenue was up 25.3% on a year-over-year basis. During the same quarter last year, the company earned ($0.11) EPS. Analysts forecast that Silicon Laboratories, Inc. will post -0.97 EPS for the current year.

Silicon Laboratories Profile

Silicon Laboratories (NASDAQ:SLAB) is a global semiconductor company that develops high-performance analog and mixed-signal integrated circuits, wireless system-on-chips (SoCs), microcontrollers, and radio frequency (RF) solutions. Its product portfolio is tailored to support the Internet of Things (IoT), infrastructure, industrial automation, consumer electronics, automotive, and energy markets. By combining silicon, software, and tools, Silicon Labs aims to accelerate development cycles and deliver low-power, highly integrated solutions that address demanding application requirements.

Founded in 1996 and headquartered in Austin, Texas, Silicon Labs has grown into a multinational organization with engineering and sales operations across North America, Europe, and Asia.