Robecosam AG lessened its stake in shares of Silicon Laboratories (NASDAQ:SLAB) by 10.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 215,000 shares of the semiconductor company’s stock after selling 25,000 shares during the period. Robecosam AG owned 0.50% of Silicon Laboratories worth $23,728,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in SLAB. Nuveen Asset Management LLC grew its holdings in Silicon Laboratories by 1,696.8% during the second quarter. Nuveen Asset Management LLC now owns 203,367 shares of the semiconductor company’s stock valued at $21,028,000 after purchasing an additional 192,049 shares during the period. Price Wealth Management Inc. grew its holdings in Silicon Laboratories by 709.2% during the second quarter. Price Wealth Management Inc. now owns 114,100 shares of the semiconductor company’s stock valued at $11,798,000 after purchasing an additional 100,000 shares during the period. Castleark Management LLC bought a new stake in Silicon Laboratories during the second quarter valued at about $8,659,000. Renaissance Technologies LLC bought a new stake in Silicon Laboratories during the second quarter valued at about $7,005,000. Finally, Atria Investments LLC bought a new stake in Silicon Laboratories during the second quarter valued at about $1,147,000. 93.18% of the stock is owned by institutional investors and hedge funds.
NASDAQ SLAB opened at $108.65 on Friday. The firm has a market cap of $4.77 billion, a price-to-earnings ratio of 45.90, a price-to-earnings-growth ratio of 3.32 and a beta of 1.52. The company has a quick ratio of 5.91, a current ratio of 6.47 and a debt-to-equity ratio of 0.34. The business has a 50-day moving average price of $110.59 and a 200-day moving average price of $102.88. Silicon Laboratories has a twelve month low of $73.13 and a twelve month high of $115.29.
Several analysts have issued reports on SLAB shares. Zacks Investment Research lowered Silicon Laboratories from a “hold” rating to a “sell” rating in a report on Friday, October 4th. Benchmark started coverage on Silicon Laboratories in a report on Tuesday, July 23rd. They set a “buy” rating and a $120.00 price target for the company. Roth Capital boosted their price target on Silicon Laboratories from $120.00 to $130.00 in a report on Thursday, July 25th. Wells Fargo & Co started coverage on Silicon Laboratories in a report on Tuesday, June 25th. They set an “outperform” rating and a $125.00 price target for the company. Finally, TheStreet lowered Silicon Laboratories from a “b” rating to a “c+” rating in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. Silicon Laboratories has a consensus rating of “Hold” and an average target price of $109.70.
In other news, SVP Brandon Tolany sold 1,000 shares of the company’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $113.94, for a total value of $113,940.00. Following the completion of the transaction, the senior vice president now owns 48,758 shares of the company’s stock, valued at $5,555,486.52. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO George Tyson Tuttle sold 36,813 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $112.86, for a total value of $4,154,715.18. Following the completion of the transaction, the chief executive officer now directly owns 212,779 shares of the company’s stock, valued at approximately $24,014,237.94. The disclosure for this sale can be found here. In the last ninety days, insiders sold 48,813 shares of company stock valued at $5,472,005. Corporate insiders own 2.10% of the company’s stock.
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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