Silicon Laboratories Inc. (NASDAQ:SLAB) Shares Purchased by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc increased its stake in shares of Silicon Laboratories Inc. (NASDAQ:SLAB) by 23.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 43,054 shares of the semiconductor company’s stock after purchasing an additional 8,100 shares during the period. Ensign Peak Advisors Inc’s holdings in Silicon Laboratories were worth $6,598,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. FORA Capital LLC purchased a new stake in Silicon Laboratories during the 1st quarter worth about $31,000. Captrust Financial Advisors lifted its holdings in Silicon Laboratories by 229.4% during the 1st quarter. Captrust Financial Advisors now owns 280 shares of the semiconductor company’s stock worth $39,000 after buying an additional 195 shares during the last quarter. Stephens Inc. AR lifted its holdings in shares of Silicon Laboratories by 61.8% in the 2nd quarter. Stephens Inc. AR now owns 733 shares of the semiconductor company’s stock valued at $112,000 after purchasing an additional 280 shares during the last quarter. Polar Asset Management Partners Inc. purchased a new stake in shares of Silicon Laboratories in the 1st quarter valued at about $222,000. Finally, Eqis Capital Management Inc. purchased a new stake in shares of Silicon Laboratories in the 1st quarter valued at about $233,000. 94.51% of the stock is owned by hedge funds and other institutional investors.

In other Silicon Laboratories news, Director William G. Bock sold 1,000 shares of the stock in a transaction on Monday, August 16th. The stock was sold at an average price of $157.67, for a total transaction of $157,670.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Brandon Tolany sold 12,751 shares of the stock in a transaction on Tuesday, September 7th. The stock was sold at an average price of $153.19, for a total value of $1,953,325.69. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,933 shares of company stock worth $4,679,202. Insiders own 2.12% of the company’s stock.

Several analysts have recently weighed in on SLAB shares. Morgan Stanley reduced their target price on Silicon Laboratories from $160.00 to $153.00 and set an “equal weight” rating for the company in a report on Thursday, July 29th. Needham & Company LLC reissued a “buy” rating and issued a $195.00 target price on shares of Silicon Laboratories in a report on Monday, September 13th. Finally, Zacks Investment Research raised Silicon Laboratories from a “sell” rating to a “hold” rating in a research note on Wednesday, September 29th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Silicon Laboratories has a consensus rating of “Hold” and an average price target of $164.33.

NASDAQ SLAB opened at $139.90 on Thursday. The company has a current ratio of 7.50, a quick ratio of 7.16 and a debt-to-equity ratio of 0.36. The business’s 50 day moving average is $149.36 and its two-hundred day moving average is $144.54. Silicon Laboratories Inc. has a 12-month low of $94.77 and a 12-month high of $163.43. The stock has a market capitalization of $6.26 billion, a price-to-earnings ratio of 139.90 and a beta of 0.99.

Silicon Laboratories (NASDAQ:SLAB) last released its earnings results on Wednesday, July 28th. The semiconductor company reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.50). The business had revenue of $169.49 million for the quarter, compared to analyst estimates of $267.10 million. Silicon Laboratories had a return on equity of 9.37% and a net margin of 5.12%. Equities analysts forecast that Silicon Laboratories Inc. will post 0.32 earnings per share for the current fiscal year.

About Silicon Laboratories

Silicon Laboratories, Inc designs and develops analog-intensive and mixed-signal integrated circuits. The firm offers microcontrollers, wireless, sensors, USB bridges, analog, clocks and oscillators, isolators, power, audio and radio, modems and TV and video product categories. It provides solutions for automotive, communications, data centers, healthcare & fitness, home automation & entertainment, industrial automation & power and retail industries.

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

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