Silicon Laboratories Inc. (NASDAQ:SLAB) Stock Holdings Increased by First Trust Advisors LP

First Trust Advisors LP grew its position in shares of Silicon Laboratories Inc. (NASDAQ:SLAB) by 25.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,638 shares of the semiconductor company’s stock after buying an additional 538 shares during the period. First Trust Advisors LP’s holdings in Silicon Laboratories were worth $328,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in SLAB. Jones Financial Companies Lllp boosted its position in Silicon Laboratories by 44.5% during the 4th quarter. Jones Financial Companies Lllp now owns 224 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 69 shares during the period. Headlands Technologies LLC bought a new position in shares of Silicon Laboratories during the fourth quarter worth about $70,000. Venturi Wealth Management LLC increased its holdings in shares of Silicon Laboratories by 207.0% in the 4th quarter. Venturi Wealth Management LLC now owns 786 shares of the semiconductor company’s stock worth $98,000 after acquiring an additional 530 shares during the period. Asset Management One Co. Ltd. acquired a new stake in shares of Silicon Laboratories in the 4th quarter worth about $117,000. Finally, KBC Group NV lifted its position in Silicon Laboratories by 42.1% in the 4th quarter. KBC Group NV now owns 1,279 shares of the semiconductor company’s stock valued at $159,000 after purchasing an additional 379 shares during the last quarter.

Insiders Place Their Bets

In related news, Director William G. Bock sold 1,000 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $149.43, for a total transaction of $149,430.00. Following the transaction, the director now owns 31,115 shares in the company, valued at $4,649,514.45. The trade was a 3.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christy Wyatt sold 546 shares of the firm’s stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $104.45, for a total value of $57,029.70. Following the completion of the sale, the director now directly owns 8,492 shares of the company’s stock, valued at $886,989.40. This trade represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on SLAB. StockNews.com downgraded shares of Silicon Laboratories from a “hold” rating to a “sell” rating in a report on Thursday, March 27th. Benchmark reiterated a “buy” rating and issued a $160.00 price objective on shares of Silicon Laboratories in a report on Wednesday, March 12th. Barclays dropped their target price on Silicon Laboratories from $120.00 to $80.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 22nd. KeyCorp increased their price target on Silicon Laboratories from $115.00 to $160.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $150.00 price objective on shares of Silicon Laboratories in a research note on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $129.00.

Silicon Laboratories Price Performance

Shares of SLAB opened at $117.04 on Friday. Silicon Laboratories Inc. has a one year low of $82.82 and a one year high of $160.00. The company has a market cap of $3.80 billion, a PE ratio of -19.70 and a beta of 1.36. The firm has a 50-day moving average of $108.95 and a 200-day moving average of $120.50.

Silicon Laboratories (NASDAQ:SLAB) last released its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported ($0.11) EPS for the quarter, meeting the consensus estimate of ($0.11). The business had revenue of $166.25 million for the quarter, compared to the consensus estimate of $166.09 million. Silicon Laboratories had a negative net margin of 32.69% and a negative return on equity of 10.46%. Silicon Laboratories’s revenue was up 91.4% compared to the same quarter last year. During the same period in the prior year, the company posted ($1.19) earnings per share. Analysts expect that Silicon Laboratories Inc. will post -0.97 earnings per share 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.