Jacobs Levy Equity Management Inc. Has $7.05 Million Stake in Silicon Laboratories Inc. (NASDAQ:SLAB)

Jacobs Levy Equity Management Inc. trimmed its stake in Silicon Laboratories Inc. (NASDAQ:SLAB) by 65.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 56,749 shares of the semiconductor company’s stock after selling 108,019 shares during the period. Jacobs Levy Equity Management Inc. owned 0.17% of Silicon Laboratories worth $7,049,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. FMR LLC raised its stake in shares of Silicon Laboratories by 0.5% in the 4th quarter. FMR LLC now owns 4,867,203 shares of the semiconductor company’s stock valued at $604,604,000 after acquiring an additional 23,833 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Silicon Laboratories by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 3,959,580 shares of the semiconductor company’s stock valued at $491,859,000 after acquiring an additional 71,942 shares in the last quarter. Capital Research Global Investors raised its stake in shares of Silicon Laboratories by 23.3% in the 4th quarter. Capital Research Global Investors now owns 2,131,920 shares of the semiconductor company’s stock valued at $264,827,000 after acquiring an additional 403,010 shares in the last quarter. GW&K Investment Management LLC raised its stake in shares of Silicon Laboratories by 5.6% in the 4th quarter. GW&K Investment Management LLC now owns 682,045 shares of the semiconductor company’s stock valued at $84,723,000 after acquiring an additional 36,330 shares in the last quarter. Finally, Federated Hermes Inc. raised its stake in shares of Silicon Laboratories by 4.1% in the 4th quarter. Federated Hermes Inc. now owns 638,464 shares of the semiconductor company’s stock valued at $79,310,000 after acquiring an additional 25,178 shares in the last quarter.

Silicon Laboratories Trading Up 5.7%

SLAB opened at $133.55 on Wednesday. The stock has a market cap of $4.34 billion, a PE ratio of -22.48 and a beta of 1.36. Silicon Laboratories Inc. has a 1 year low of $82.82 and a 1 year high of $160.00. The stock’s 50 day simple moving average is $108.70 and its 200-day simple moving average is $120.73.

Wall Street Analyst Weigh In

SLAB has been the topic of a number of recent analyst reports. StockNews.com downgraded Silicon Laboratories from a “hold” rating to a “sell” rating in a research note on Thursday, March 27th. Stifel Nicolaus dropped their price target on Silicon Laboratories from $145.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. Benchmark reaffirmed a “buy” rating and issued a $160.00 price target on shares of Silicon Laboratories in a research report on Wednesday, March 12th. Needham & Company LLC reaffirmed a “buy” rating and issued a $150.00 price target on shares of Silicon Laboratories in a research report on Wednesday, March 12th. Finally, Barclays dropped their price target on Silicon Laboratories from $120.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $129.00.

Insider Activity

In related news, Director Christy Wyatt sold 546 shares of the business’s stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $104.45, for a total value of $57,029.70. Following the sale, the director now owns 8,492 shares of the company’s stock, valued at $886,989.40. The trade was a 6.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $149,430.00. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by company insiders.

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.