915 Shares in Silicon Laboratories Inc. (NASDAQ:SLAB) Bought by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. bought a new position in shares of Silicon Laboratories Inc. (NASDAQ:SLAB) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 915 shares of the semiconductor company’s stock, valued at approximately $117,000.

Other large investors have also added to or reduced their stakes in the company. Advisors Asset Management Inc. boosted its holdings in Silicon Laboratories by 159.4% during the third quarter. Advisors Asset Management Inc. now owns 275 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 169 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in Silicon Laboratories by 11,457.1% during the third quarter. International Assets Investment Management LLC now owns 809 shares of the semiconductor company’s stock worth $93,000 after purchasing an additional 802 shares during the last quarter. KBC Group NV boosted its holdings in Silicon Laboratories by 42.1% during the fourth quarter. KBC Group NV now owns 1,279 shares of the semiconductor company’s stock worth $159,000 after purchasing an additional 379 shares during the last quarter. Van ECK Associates Corp acquired a new position in Silicon Laboratories during the third quarter worth $189,000. Finally, Harbor Capital Advisors Inc. boosted its holdings in Silicon Laboratories by 33.7% during the third quarter. Harbor Capital Advisors Inc. now owns 1,727 shares of the semiconductor company’s stock worth $200,000 after purchasing an additional 435 shares during the last quarter.

Insider Activity

In related news, Director Navdeep S. Sooch sold 2,360 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $149.00, for a total transaction of $351,640.00. Following the transaction, the director now directly owns 400,567 shares of the company’s stock, valued at approximately $59,684,483. This trade represents a 0.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William G. Bock sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $149.43, for a total transaction of $149,430.00. Following the transaction, the director now directly owns 31,115 shares in the company, valued at approximately $4,649,514.45. This represents a 3.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,360 shares of company stock valued at $782,610 over the last ninety days. 1.72% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

SLAB has been the subject of several recent research reports. Stifel Nicolaus increased their target price on shares of Silicon Laboratories from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Morgan Stanley dropped their price target on shares of Silicon Laboratories from $123.00 to $97.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 5th. Benchmark raised shares of Silicon Laboratories from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a research report on Wednesday, February 5th. StockNews.com lowered shares of Silicon Laboratories from a “hold” rating to a “sell” rating in a research report on Friday, February 14th. Finally, Needham & Company LLC upped their price target on shares of Silicon Laboratories from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Silicon Laboratories currently has an average rating of “Hold” and a consensus target price of $136.20.

Silicon Laboratories Price Performance

Shares of SLAB opened at $155.33 on Friday. The firm has a market capitalization of $5.04 billion, a PE ratio of -26.15 and a beta of 1.16. The company’s 50-day moving average is $136.14 and its 200-day moving average is $119.75. Silicon Laboratories Inc. has a fifty-two week low of $94.00 and a fifty-two week high of $160.00.

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

Silicon Laboratories 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.