Granahan Investment Management LLC Grows Stake in Silicon Laboratories Inc. (NASDAQ:SLAB)

Granahan Investment Management LLC boosted its position in shares of Silicon Laboratories Inc. (NASDAQ:SLABGet Rating) by 6.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,687 shares of the semiconductor company’s stock after purchasing an additional 1,959 shares during the quarter. Granahan Investment Management LLC owned about 0.09% of Silicon Laboratories worth $4,910,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of SLAB. Alliancebernstein L.P. increased its holdings in Silicon Laboratories by 40.9% during the 4th quarter. Alliancebernstein L.P. now owns 891,278 shares of the semiconductor company’s stock worth $183,978,000 after purchasing an additional 258,534 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Silicon Laboratories by 338.0% in the 1st quarter. Renaissance Technologies LLC now owns 232,998 shares of the semiconductor company’s stock valued at $34,996,000 after acquiring an additional 179,800 shares during the period. Moody Aldrich Partners LLC increased its holdings in shares of Silicon Laboratories by 255.6% in the 1st quarter. Moody Aldrich Partners LLC now owns 125,025 shares of the semiconductor company’s stock valued at $18,779,000 after acquiring an additional 89,864 shares during the period. Bank of Montreal Can increased its holdings in shares of Silicon Laboratories by 2,147.8% in the 4th quarter. Bank of Montreal Can now owns 79,213 shares of the semiconductor company’s stock valued at $16,347,000 after acquiring an additional 75,689 shares during the period. Finally, GW&K Investment Management LLC increased its holdings in shares of Silicon Laboratories by 5.6% in the 1st quarter. GW&K Investment Management LLC now owns 786,539 shares of the semiconductor company’s stock valued at $118,138,000 after acquiring an additional 41,516 shares during the period. 99.62% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SLAB. Cowen lifted their price target on Silicon Laboratories from $170.00 to $175.00 in a report on Thursday, July 28th. Summit Insights downgraded Silicon Laboratories from a “buy” rating to a “hold” rating in a report on Thursday, July 28th. Morgan Stanley lifted their price target on Silicon Laboratories from $156.00 to $161.00 and gave the company an “equal weight” rating in a report on Thursday, July 28th. Cowen raised their price objective on Silicon Laboratories from $170.00 to $175.00 in a research report on Thursday, July 28th. Finally, Needham & Company LLC raised their price objective on Silicon Laboratories from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, July 28th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Silicon Laboratories currently has an average rating of “Moderate Buy” and a consensus price target of $181.38.

Insiders Place Their Bets

In other Silicon Laboratories news, Director Christy Wyatt sold 1,495 shares of Silicon Laboratories stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of $134.44, for a total transaction of $200,987.80. Following the completion of the sale, the director now owns 5,222 shares of the company’s stock, valued at approximately $702,045.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Silicon Laboratories news, Director Christy Wyatt sold 1,495 shares of Silicon Laboratories stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of $134.44, for a total transaction of $200,987.80. Following the completion of the transaction, the director now owns 5,222 shares in the company, valued at approximately $702,045.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director William G. Bock sold 1,000 shares of Silicon Laboratories stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $146.70, for a total value of $146,700.00. Following the transaction, the director now owns 31,468 shares of the company’s stock, valued at approximately $4,616,355.60. The disclosure for this sale can be found here. 1.61% of the stock is currently owned by insiders.

Silicon Laboratories Stock Performance

Shares of SLAB opened at $129.50 on Friday. The stock has a 50-day moving average of $135.43 and a two-hundred day moving average of $139.83. Silicon Laboratories Inc. has a one year low of $113.47 and a one year high of $211.98. The company has a debt-to-equity ratio of 0.33, a quick ratio of 7.05 and a current ratio of 7.37. The stock has a market cap of $4.43 billion, a P/E ratio of 2.71 and a beta of 1.19.

Silicon Laboratories (NASDAQ:SLABGet Rating) last issued its quarterly earnings results on Wednesday, July 27th. The semiconductor company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.26. Silicon Laboratories had a return on equity of 3.61% and a net margin of 239.09%. The company had revenue of $263.00 million during the quarter, compared to analysts’ expectations of $250.46 million. During the same quarter in the previous year, the firm posted $0.81 EPS. The firm’s revenue was up 55.6% compared to the same quarter last year. As a group, research analysts predict that Silicon Laboratories Inc. will post 3.28 EPS for the current year.

About Silicon Laboratories

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Silicon Laboratories Inc, a fabless semiconductor company, provides various analog-intensive mixed-signal solutions in the United States, China, 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 Internet of Things (IoT), including connected home and security, industrial automation and control, smart metering, smart lighting, commercial building automation, consumer electronics, asset tracking, and medical instrumentation.

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

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