Silicon Laboratories, Inc. (NASDAQ:SLAB) Stock Position Lifted by Cooper Financial Group

Cooper Financial Group grew its position in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB) by 1.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,354 shares of the semiconductor company’s stock after buying an additional 98 shares during the period. Cooper Financial Group’s holdings in Silicon Laboratories were worth $603,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in Silicon Laboratories by 99.6% during the 1st quarter. GAMMA Investing LLC now owns 1,126 shares of the semiconductor company’s stock worth $127,000 after buying an additional 562 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Silicon Laboratories by 72.2% during the 1st quarter. Principal Financial Group Inc. now owns 129,911 shares of the semiconductor company’s stock worth $14,624,000 after buying an additional 54,463 shares during the last quarter. KBC Group NV lifted its holdings in Silicon Laboratories by 27.1% during the 1st quarter. KBC Group NV now owns 1,625 shares of the semiconductor company’s stock worth $183,000 after buying an additional 346 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in Silicon Laboratories by 2.9% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 7,379 shares of the semiconductor company’s stock worth $831,000 after buying an additional 210 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Silicon Laboratories by 9.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,334 shares of the semiconductor company’s stock worth $290,000 after purchasing an additional 206 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. KeyCorp raised their price target on Silicon Laboratories from $160.00 to $180.00 and gave the stock an “overweight” rating in a report on Tuesday, July 8th. Stifel Nicolaus raised their price target on Silicon Laboratories from $144.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, July 18th. Wall Street Zen raised Silicon Laboratories from a “sell” rating to a “hold” rating in a report on Wednesday, May 14th. Morgan Stanley cut their price target on Silicon Laboratories from $157.00 to $144.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 6th. Finally, Barclays raised their price target on Silicon Laboratories from $100.00 to $130.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 5th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $151.13.

Silicon Laboratories Price Performance

Shares of Silicon Laboratories stock opened at $125.42 on Monday. The business’s fifty day moving average price is $138.69 and its two-hundred day moving average price is $127.93. The company has a market capitalization of $4.12 billion, a P/E ratio of -38.95 and a beta of 1.48. Silicon Laboratories, Inc. has a 1-year low of $82.82 and a 1-year high of $160.00.

Silicon Laboratories (NASDAQ:SLAB) last issued its quarterly earnings results on Tuesday, August 5th. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.02. Silicon Laboratories had a negative return on equity of 7.21% and a negative net margin of 14.88%. The company had revenue of $192.85 million for the quarter, compared to analysts’ expectations of $192.57 million. During the same period last year, the firm earned ($0.56) EPS. The firm’s revenue for the quarter was up 32.6% on a year-over-year basis. On average, research analysts expect that Silicon Laboratories, Inc. will post -0.97 earnings per share for the current fiscal year.

Insider Buying and Selling at Silicon Laboratories

In other news, CEO Robert Matthew Johnson sold 5,879 shares of Silicon Laboratories stock in a transaction on Friday, May 16th. The stock was sold at an average price of $131.20, for a total transaction of $771,324.80. Following the transaction, the chief executive officer directly owned 73,688 shares in the company, valued at approximately $9,667,865.60. This trade represents a 7.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Robert J. Conrad sold 4,029 shares of Silicon Laboratories stock in a transaction on Friday, May 16th. The shares were sold at an average price of $131.20, for a total value of $528,604.80. Following the transaction, the senior vice president owned 25,380 shares in the company, valued at approximately $3,329,856. This trade represents a 13.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,080 shares of company stock worth $1,452,290. 1.60% of the stock is owned by 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.