EAM Investors LLC purchased a new stake in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 39,292 shares of the semiconductor company’s stock, valued at approximately $2,890,000. EAM Investors LLC owned 0.09% of Silicon Laboratories at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in SLAB. Norges Bank bought a new stake in Silicon Laboratories during the fourth quarter valued at approximately $24,416,000. GW&K Investment Management LLC bought a new stake in Silicon Laboratories during the first quarter valued at approximately $26,565,000. Columbus Circle Investors boosted its stake in Silicon Laboratories by 110.7% in the first quarter. Columbus Circle Investors now owns 218,499 shares of the semiconductor company’s stock valued at $16,071,000 after buying an additional 114,799 shares in the last quarter. State of Tennessee Treasury Department bought a new stake in Silicon Laboratories during the first quarter valued at approximately $5,662,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Silicon Laboratories by 160.7% in the first quarter. JPMorgan Chase & Co. now owns 114,033 shares of the semiconductor company’s stock valued at $8,387,000 after buying an additional 70,286 shares during the period. 89.84% of the stock is owned by institutional investors.
Shares of Silicon Laboratories, Inc. (NASDAQ SLAB) traded down 0.56% on Friday, hitting $70.75. 678,777 shares of the company’s stock were exchanged. The firm has a market cap of $3.00 billion, a P/E ratio of 42.42 and a beta of 1.25. Silicon Laboratories, Inc. has a 12 month low of $44.52 and a 12 month high of $78.45. The stock’s 50 day moving average is $73.41 and its 200 day moving average is $70.38.
Silicon Laboratories (NASDAQ:SLAB) last posted its earnings results on Wednesday, April 26th. The semiconductor company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.23. The firm had revenue of $179 million during the quarter, compared to the consensus estimate of $176.89 million. Silicon Laboratories had a net margin of 9.95% and a return on equity of 11.36%. The company’s revenue was up 10.5% on a year-over-year basis. During the same quarter last year, the company earned $0.51 earnings per share. On average, equities analysts predict that Silicon Laboratories, Inc. will post $2.93 earnings per share for the current year.
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Several equities research analysts have commented on SLAB shares. BidaskClub cut shares of Silicon Laboratories from a “strong-buy” rating to a “buy” rating in a research report on Friday. Drexel Hamilton reissued a “buy” rating and set a $85.00 price target (up from $80.00) on shares of Silicon Laboratories in a research report on Saturday, April 29th. Zacks Investment Research cut shares of Silicon Laboratories from a “hold” rating to a “sell” rating in a research report on Friday, April 28th. Stifel Nicolaus boosted their price objective on shares of Silicon Laboratories from $80.00 to $82.00 and gave the stock a “buy” rating in a research note on Monday, May 1st. Finally, B. Riley restated a “buy” rating and set a $81.00 price objective on shares of Silicon Laboratories in a research note on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the company’s stock. Silicon Laboratories presently has an average rating of “Buy” and a consensus target price of $77.18.
In related news, Director William G. Bock sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $75.45, for a total transaction of $188,625.00. Following the completion of the transaction, the director now owns 48,426 shares of the company’s stock, valued at $3,653,741.70. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Nina Richardson sold 1,669 shares of the business’s stock in a transaction that occurred on Friday, April 21st. The shares were sold at an average price of $72.35, for a total transaction of $120,752.15. Following the transaction, the director now directly owns 4,371 shares of the company’s stock, valued at approximately $316,241.85. The disclosure for this sale can be found here. Insiders sold 122,995 shares of company stock valued at $9,074,189 in the last quarter. Corporate insiders own 34.82% of the company’s stock.
About Silicon Laboratories
Silicon Laboratories Inc is a provider of silicon, software and solutions for the Internet of Things (IoT), Internet infrastructure, industrial, consumer and automotive markets. The Company operates through mixed-signal analog intensive products segment. It provides analog-intensive, mixed-signal solutions for use in a range of electronic products in various applications for the IoT market.
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