Caprock Group LLC Acquires New Shares in Silicon Laboratories, Inc. $SLAB

Caprock Group LLC acquired a new position in Silicon Laboratories, Inc. (NASDAQ:SLAB) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,324 shares of the semiconductor company’s stock, valued at approximately $581,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Horizon Corp purchased a new position in shares of Silicon Laboratories during the 3rd quarter worth $35,000. UMB Bank n.a. lifted its position in Silicon Laboratories by 43.9% in the third quarter. UMB Bank n.a. now owns 282 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 86 shares during the last quarter. Mather Group LLC. purchased a new position in Silicon Laboratories during the third quarter worth about $39,000. Hantz Financial Services Inc. increased its position in shares of Silicon Laboratories by 189.6% during the third quarter. Hantz Financial Services Inc. now owns 362 shares of the semiconductor company’s stock valued at $47,000 after acquiring an additional 237 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its stake in shares of Silicon Laboratories by 121.4% in the 1st quarter. Jones Financial Companies Lllp now owns 496 shares of the semiconductor company’s stock valued at $56,000 after acquiring an additional 272 shares during the period.

Analysts Set New Price Targets

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

Silicon Laboratories Stock Up 0.1%

Shares of NASDAQ:SLAB opened at $207.27 on Tuesday. Silicon Laboratories, Inc. has a 52 week low of $82.82 and a 52 week high of $208.84. The company has a 50-day moving average price of $152.60 and a 200 day moving average price of $138.96. The company has a market cap of $6.83 billion, a P/E ratio of -104.16 and a beta of 1.56.

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

Insiders Place Their Bets

In other news, Director Nina Richardson sold 1,355 shares of the stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $149.00, for a total value of $201,895.00. Following the completion of the transaction, the director owned 8,543 shares in the company, valued at $1,272,907. This trade represents a 13.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Brandon Tolany sold 1,954 shares of the firm’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $141.49, for a total transaction of $276,471.46. Following the completion of the sale, the senior vice president owned 62,381 shares of the company’s stock, valued at $8,826,287.69. This trade represents a 3.04% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 7,555 shares of company stock valued at $1,073,528. 1.60% of the stock is owned by corporate insiders.

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.