Schwartz Investment Counsel Inc. Grows Holdings in Silicon Laboratories Inc. (NASDAQ:SLAB)

Schwartz Investment Counsel Inc. increased its holdings in Silicon Laboratories Inc. (NASDAQ:SLAB) by 17.9% in the third quarter, Holdings Channel.com reports. The firm owned 230,000 shares of the semiconductor company’s stock after acquiring an additional 35,000 shares during the period. Schwartz Investment Counsel Inc.’s holdings in Silicon Laboratories were worth $26,581,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in SLAB. Capital Research Global Investors boosted its stake in shares of Silicon Laboratories by 29.9% in the 1st quarter. Capital Research Global Investors now owns 1,217,939 shares of the semiconductor company’s stock valued at $175,042,000 after purchasing an additional 280,000 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Silicon Laboratories by 5.5% in the 4th quarter. Vanguard Group Inc. now owns 3,464,163 shares of the semiconductor company’s stock valued at $458,205,000 after purchasing an additional 179,131 shares in the last quarter. Clearbridge Investments LLC boosted its stake in shares of Silicon Laboratories by 84.0% in the 2nd quarter. Clearbridge Investments LLC now owns 273,776 shares of the semiconductor company’s stock valued at $30,288,000 after purchasing an additional 125,022 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Silicon Laboratories by 29.5% in the 2nd quarter. American Century Companies Inc. now owns 316,407 shares of the semiconductor company’s stock valued at $35,004,000 after purchasing an additional 72,138 shares in the last quarter. Finally, Van Berkom & Associates Inc. boosted its stake in shares of Silicon Laboratories by 8.4% in the 2nd quarter. Van Berkom & Associates Inc. now owns 609,232 shares of the semiconductor company’s stock valued at $67,399,000 after purchasing an additional 47,058 shares in the last quarter.

Silicon Laboratories Trading Up 2.5 %

NASDAQ:SLAB opened at $113.39 on Friday. The company has a 50-day moving average price of $112.78 and a 200-day moving average price of $116.53. Silicon Laboratories Inc. has a 12 month low of $74.56 and a 12 month high of $154.91. The stock has a market cap of $3.66 billion, a price-to-earnings ratio of -18.29 and a beta of 1.19.

Silicon Laboratories (NASDAQ:SLAB) last posted its earnings results on Wednesday, July 24th. The semiconductor company reported ($0.56) EPS for the quarter, topping the consensus estimate of ($0.64) by $0.08. The firm had revenue of $145.40 million during the quarter, compared to analysts’ expectations of $140.18 million. Silicon Laboratories had a negative net margin of 36.53% and a negative return on equity of 9.13%. The company’s quarterly revenue was down 40.6% compared to the same quarter last year. During the same period last year, the company posted $0.59 EPS. Equities analysts forecast that Silicon Laboratories Inc. will post -3.41 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SLAB has been the subject of several analyst reports. Needham & Company LLC reissued a “buy” rating and set a $150.00 price target on shares of Silicon Laboratories in a research report on Thursday, July 25th. StockNews.com raised shares of Silicon Laboratories to a “sell” rating in a research report on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $135.00.

Insider Buying and Selling

In related news, SVP Brandon Tolany sold 845 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $115.00, for a total value of $97,175.00. Following the completion of the transaction, the senior vice president now directly owns 43,615 shares in the company, valued at $5,015,725. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.72% of the stock is 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.