SG Americas Securities LLC lessened its stake in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB – Free Report) by 24.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,264 shares of the semiconductor company’s stock after selling 5,310 shares during the quarter. SG Americas Securities LLC’s holdings in Silicon Laboratories were worth $2,397,000 as of its most recent filing with the SEC.
Other institutional investors have also made changes to their positions in the company. Allianz Asset Management GmbH boosted its position in Silicon Laboratories by 14.9% during the first quarter. Allianz Asset Management GmbH now owns 153,758 shares of the semiconductor company’s stock worth $17,309,000 after purchasing an additional 19,908 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Silicon Laboratories in the first quarter worth $4,280,000. Royce & Associates LP boosted its holdings in shares of Silicon Laboratories by 26.6% during the 1st quarter. Royce & Associates LP now owns 31,007 shares of the semiconductor company’s stock worth $3,490,000 after buying an additional 6,507 shares during the period. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of Silicon Laboratories during the 1st quarter worth $34,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Silicon Laboratories by 5.4% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,911 shares of the semiconductor company’s stock valued at $1,003,000 after buying an additional 458 shares during the last quarter.
Silicon Laboratories Stock Up 1.1%
Shares of SLAB opened at $117.99 on Thursday. The stock’s 50-day moving average price is $131.35 and its 200 day moving average price is $133.19. The firm has a market capitalization of $3.88 billion, a price-to-earnings ratio of -36.64 and a beta of 1.55. Silicon Laboratories, Inc. has a 12-month low of $82.82 and a 12-month high of $160.00.
Insider Transactions at Silicon Laboratories
In other Silicon Laboratories news, SVP Brandon Tolany sold 1,800 shares of the business’s stock in a transaction on Friday, August 29th. The shares were sold at an average price of $133.57, for a total value of $240,426.00. Following the sale, the senior vice president owned 62,328 shares of the company’s stock, valued at $8,325,150.96. The trade was a 2.81% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.60% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Silicon Laboratories in a research report on Thursday, November 13th. Barclays boosted their price objective on Silicon Laboratories from $100.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 5th. Finally, Morgan Stanley lowered their target price 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. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $153.43.
Check Out Our Latest Report on Silicon Laboratories
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.
Read More
- Five stocks we like better than Silicon Laboratories
- Growth Stocks: What They Are, What They Are Not
- onsemi Places a $6 Billion Bet on Its Own Stock
- 3 Natural Gas Stocks That Offer Great Dividend Yields
- HIMS Has Been a Roller Coaster Ride. Should Investors Hop On?
- What is the Euro STOXX 50 Index?
- End the Year Strong With These 3 Comeback Champions
Receive News & Ratings for Silicon Laboratories Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Silicon Laboratories and related companies with MarketBeat.com's FREE daily email newsletter.
