Silicon Laboratories Inc. (NASDAQ:SLAB) Shares Purchased by Fisher Asset Management LLC

Fisher Asset Management LLC raised its position in Silicon Laboratories Inc. (NASDAQ:SLAB) by 2.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 37,214 shares of the semiconductor company’s stock after acquiring an additional 809 shares during the period. Fisher Asset Management LLC’s holdings in Silicon Laboratories were worth $4,922,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in SLAB. L. Roy Papp & Associates LLP lifted its holdings in Silicon Laboratories by 1.2% in the fourth quarter. L. Roy Papp & Associates LLP now owns 9,920 shares of the semiconductor company’s stock valued at $1,312,000 after acquiring an additional 120 shares during the last quarter. CWM LLC lifted its stake in shares of Silicon Laboratories by 78.1% in the 4th quarter. CWM LLC now owns 374 shares of the semiconductor company’s stock valued at $49,000 after purchasing an additional 164 shares during the last quarter. Linden Thomas Advisory Services LLC grew its holdings in shares of Silicon Laboratories by 2.0% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 8,871 shares of the semiconductor company’s stock worth $1,173,000 after purchasing an additional 177 shares during the period. Venturi Wealth Management LLC acquired a new stake in shares of Silicon Laboratories during the 3rd quarter worth about $30,000. Finally, O Shaughnessy Asset Management LLC raised its holdings in Silicon Laboratories by 16.8% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 1,833 shares of the semiconductor company’s stock valued at $212,000 after buying an additional 264 shares during the period.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Citigroup dropped their price target on shares of Silicon Laboratories from $137.00 to $120.00 and set a “neutral” rating for the company in a research report on Thursday, April 25th. TD Cowen dropped their target price on shares of Silicon Laboratories from $155.00 to $145.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Needham & Company LLC raised Silicon Laboratories from a “hold” rating to a “buy” rating and set a $150.00 target price on the stock in a research report on Thursday, April 25th. Summit Insights lowered Silicon Laboratories from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. Finally, Barclays cut their price objective on Silicon Laboratories from $140.00 to $120.00 and set an “equal weight” rating on the stock in a report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $135.00.

Silicon Laboratories Stock Performance

Shares of SLAB opened at $126.12 on Wednesday. Silicon Laboratories Inc. has a 1 year low of $74.56 and a 1 year high of $166.94. The stock has a market capitalization of $4.03 billion, a PE ratio of -38.10 and a beta of 1.25. The stock has a 50-day simple moving average of $131.67 and a 200-day simple moving average of $122.99.

Silicon Laboratories (NASDAQ:SLAB) last issued its quarterly earnings results on Wednesday, April 24th. The semiconductor company reported ($1.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.29) by ($0.05). Silicon Laboratories had a negative return on equity of 4.45% and a negative net margin of 16.36%. The firm had revenue of $106.38 million during the quarter, compared to analysts’ expectations of $104.45 million. Analysts predict that Silicon Laboratories Inc. will post -3.1 EPS for the current year.

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.