Stanley Laman Group Ltd. Buys 400 Shares of Silicon Laboratories (NASDAQ:SLAB)

Stanley Laman Group Ltd. increased its stake in Silicon Laboratories (NASDAQ:SLAB) by 4.2% in the second quarter, HoldingsChannel reports. The fund owned 9,828 shares of the semiconductor company’s stock after purchasing an additional 400 shares during the period. Stanley Laman Group Ltd.’s holdings in Silicon Laboratories were worth $1,016,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its stake in shares of Silicon Laboratories by 4.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 797,323 shares of the semiconductor company’s stock valued at $62,837,000 after acquiring an additional 31,251 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Silicon Laboratories by 137.8% in the 1st quarter. Victory Capital Management Inc. now owns 658,038 shares of the semiconductor company’s stock valued at $53,209,000 after acquiring an additional 381,340 shares during the last quarter. Eagle Asset Management Inc. lifted its stake in shares of Silicon Laboratories by 12.1% in the 1st quarter. Eagle Asset Management Inc. now owns 578,916 shares of the semiconductor company’s stock valued at $46,811,000 after acquiring an additional 62,316 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Silicon Laboratories by 15.4% in the 4th quarter. Geode Capital Management LLC now owns 526,626 shares of the semiconductor company’s stock valued at $41,503,000 after acquiring an additional 70,432 shares during the last quarter. Finally, Stephens Investment Management Group LLC lifted its stake in shares of Silicon Laboratories by 8.7% in the 1st quarter. Stephens Investment Management Group LLC now owns 447,370 shares of the semiconductor company’s stock valued at $36,174,000 after acquiring an additional 35,757 shares during the last quarter. 91.44% of the stock is owned by institutional investors.

In related news, Director William G. Bock sold 1,000 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $105.61, for a total transaction of $105,610.00. Following the transaction, the director now owns 39,791 shares in the company, valued at approximately $4,202,327.51. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.10% of the stock is owned by insiders.



NASDAQ:SLAB traded up $0.37 during mid-day trading on Thursday, reaching $103.78. 2,352 shares of the company’s stock traded hands, compared to its average volume of 358,622. Silicon Laboratories has a 12-month low of $73.13 and a 12-month high of $115.29. The firm has a market cap of $4.51 billion, a price-to-earnings ratio of 36.34, a price-to-earnings-growth ratio of 3.13 and a beta of 1.57. The company has a debt-to-equity ratio of 0.34, a current ratio of 6.47 and a quick ratio of 5.91. The firm’s 50 day moving average is $105.98.

Silicon Laboratories (NASDAQ:SLAB) last announced its quarterly earnings results on Wednesday, July 24th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. Silicon Laboratories had a return on equity of 9.97% and a net margin of 3.84%. The company had revenue of $206.71 million for the quarter, compared to the consensus estimate of $206.57 million. During the same quarter in the previous year, the business earned $0.92 EPS. Silicon Laboratories’s revenue was down 4.8% compared to the same quarter last year. On average, research analysts expect that Silicon Laboratories will post 2.07 earnings per share for the current fiscal year.

A number of equities research analysts have recently weighed in on SLAB shares. Roth Capital boosted their target price on Silicon Laboratories from $120.00 to $130.00 in a research note on Thursday, July 25th. Cowen reissued an “outperform” rating and issued a $130.00 target price (up previously from $98.00) on shares of Silicon Laboratories in a research note on Thursday, April 25th. Benchmark started coverage on Silicon Laboratories in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $120.00 target price for the company. BidaskClub downgraded Silicon Laboratories from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. Finally, Zacks Investment Research downgraded Silicon Laboratories from a “buy” rating to a “hold” rating in a report on Saturday, July 13th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $109.70.

Silicon Laboratories Company Profile

Silicon Laboratories Inc, a fabless semiconductor company, designs, develops, and markets mixed-signal integrated circuits (ICs) in the United States, China, and internationally. The company offers Internet of things products, including 8-bit mixed-signal, 32-bit wireless, and ultra-low-power 32-bit microcontrollers; wireless connectivity devices, such as multiprotocol wireless Gecko system-on-chip devices; real-time operating systems; sensor products comprising optical, relative humidity/temperature, and hall effect magnetic sensors.

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Institutional Ownership by Quarter for Silicon Laboratories (NASDAQ:SLAB)

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