EAM Investors LLC Invests $2.89 Million in Silicon Laboratories, Inc. (SLAB)

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.

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

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.

TRADEMARK VIOLATION WARNING: “EAM Investors LLC Invests $2.89 Million in Silicon Laboratories, Inc. (SLAB)” was published by Markets Daily and is owned by of Markets Daily. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & international trademark and copyright law. The original version of this piece of content can be read at https://www.themarketsdaily.com/2017/06/16/eam-investors-llc-invests-2-89-million-in-silicon-laboratories-slab-updated-updated.html.

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.

Receive News & Ratings for Silicon Laboratories Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Silicon Laboratories Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply