Kennedy Capital Management LLC Increases Stock Holdings in Silicon Laboratories Inc. (NASDAQ:SLAB)

Kennedy Capital Management LLC increased its stake in Silicon Laboratories Inc. (NASDAQ:SLAB) by 7.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 29,524 shares of the semiconductor company’s stock after acquiring an additional 2,060 shares during the quarter. Kennedy Capital Management LLC owned approximately 0.09% of Silicon Laboratories worth $3,667,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its stake in shares of Silicon Laboratories by 44.5% during the fourth quarter. Jones Financial Companies Lllp now owns 224 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 69 shares in the last quarter. Headlands Technologies LLC purchased a new stake in Silicon Laboratories during the 4th quarter worth approximately $70,000. Venturi Wealth Management LLC raised its holdings in shares of Silicon Laboratories by 207.0% during the fourth quarter. Venturi Wealth Management LLC now owns 786 shares of the semiconductor company’s stock valued at $98,000 after acquiring an additional 530 shares during the last quarter. Asset Management One Co. Ltd. purchased a new position in shares of Silicon Laboratories in the fourth quarter valued at approximately $117,000. Finally, KBC Group NV boosted its stake in shares of Silicon Laboratories by 42.1% in the fourth quarter. KBC Group NV now owns 1,279 shares of the semiconductor company’s stock worth $159,000 after acquiring an additional 379 shares during the last quarter.

Analyst Ratings Changes

SLAB has been the subject of several recent research reports. Stifel Nicolaus increased their price objective on Silicon Laboratories from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Benchmark reissued a “buy” rating and issued a $160.00 price target on shares of Silicon Laboratories in a research note on Wednesday, March 12th. Needham & Company LLC reaffirmed a “buy” rating and set a $150.00 price objective on shares of Silicon Laboratories in a research note on Wednesday, March 12th. StockNews.com lowered shares of Silicon Laboratories from a “hold” rating to a “sell” rating in a research note on Thursday, March 27th. Finally, KeyCorp boosted their target price on Silicon Laboratories from $115.00 to $160.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $136.20.

Insider Transactions at Silicon Laboratories

In other Silicon Laboratories news, Director Navdeep S. Sooch sold 2,360 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $149.00, for a total value of $351,640.00. Following the sale, the director now owns 400,567 shares of the company’s stock, valued at $59,684,483. The trade was a 0.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director William G. Bock sold 2,000 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $140.77, for a total value of $281,540.00. Following the transaction, the director now owns 32,115 shares of the company’s stock, valued at approximately $4,520,828.55. This represents a 5.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,360 shares of company stock worth $782,610. 1.60% of the stock is currently owned by insiders.

Silicon Laboratories Stock Performance

Shares of Silicon Laboratories stock opened at $89.82 on Friday. Silicon Laboratories Inc. has a fifty-two week low of $82.82 and a fifty-two week high of $160.00. The stock has a 50 day moving average of $127.57 and a 200 day moving average of $122.46. The firm has a market capitalization of $2.92 billion, a price-to-earnings ratio of -15.12 and a beta of 1.33.

Silicon Laboratories (NASDAQ:SLAB) last issued its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported ($0.11) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.11). The firm 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%. Silicon Laboratories’s revenue was up 91.4% on a year-over-year basis. During the same period in the previous year, the firm earned ($1.19) EPS. Analysts forecast that Silicon Laboratories Inc. will post -0.97 EPS for the current year.

About Silicon Laboratories

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.