4,289 Shares in Silicon Laboratories, Inc. $SLAB Bought by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC acquired a new position in Silicon Laboratories, Inc. (NASDAQ:SLAB) during the 4th quarter, HoldingsChannel reports. The fund acquired 4,289 shares of the semiconductor company’s stock, valued at approximately $561,000.

Other institutional investors also recently modified their holdings of the company. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of Silicon Laboratories in the third quarter worth $1,192,000. Azzad Asset Management Inc. ADV bought a new stake in shares of Silicon Laboratories in the third quarter worth $924,000. Thrivent Financial for Lutherans boosted its position in Silicon Laboratories by 109.4% during the third quarter. Thrivent Financial for Lutherans now owns 113,337 shares of the semiconductor company’s stock valued at $14,862,000 after acquiring an additional 59,207 shares during the last quarter. Tudor Investment Corp ET AL bought a new stake in Silicon Laboratories during the third quarter valued at $4,718,000. Finally, Fox Run Management L.L.C. bought a new stake in Silicon Laboratories during the third quarter valued at $1,577,000.

Insider Buying and Selling at Silicon Laboratories

In other news, CEO Robert Matthew Johnson sold 8,024 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $216.83, for a total transaction of $1,739,843.92. Following the transaction, the chief executive officer owned 80,519 shares in the company, valued at approximately $17,458,934.77. This represents a 9.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. KeyCorp cut shares of Silicon Laboratories from an “overweight” rating to a “hold” rating in a research report on Wednesday, February 4th. Royal Bank Of Canada upped their price target on shares of Silicon Laboratories from $160.00 to $205.00 and gave the company a “sector perform” rating in a research report on Thursday, February 5th. Needham & Company LLC cut shares of Silicon Laboratories from a “buy” rating to a “hold” rating in a research report on Wednesday, February 4th. Citigroup upped their price target on shares of Silicon Laboratories from $135.00 to $231.00 and gave the company a “neutral” rating in a research report on Friday, February 6th. Finally, Benchmark cut shares of Silicon Laboratories from a “buy” rating to a “hold” rating in a research report on Wednesday, February 4th. One analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $171.43.

Silicon Laboratories Trading Up 0.2%

Shares of NASDAQ SLAB opened at $218.41 on Friday. The firm’s 50-day moving average price is $213.07 and its 200-day moving average price is $177.64. Silicon Laboratories, Inc. has a 1-year low of $115.50 and a 1-year high of $219.20. The firm has a market capitalization of $7.20 billion, a P/E ratio of -142.75 and a beta of 1.40.

Silicon Laboratories (NASDAQ:SLAB) last announced its quarterly earnings data on Tuesday, May 5th. The semiconductor company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.04. Silicon Laboratories had a negative net margin of 6.13% and a negative return on equity of 2.18%. The firm had revenue of $213.50 million for the quarter, compared to analyst estimates of $214.02 million. During the same quarter in the prior year, the business earned ($0.08) earnings per share. The business’s quarterly revenue was up 20.1% compared to the same quarter last year. Equities research analysts forecast that Silicon Laboratories, Inc. will post 0.74 EPS for the current year.

Silicon Laboratories Profile

Silicon Laboratories (NASDAQ:SLAB) is a global semiconductor company that develops high-performance analog and mixed-signal integrated circuits, wireless system-on-chips (SoCs), microcontrollers, and radio frequency (RF) solutions. Its product portfolio is tailored to support the Internet of Things (IoT), infrastructure, industrial automation, consumer electronics, automotive, and energy markets. By combining silicon, software, and tools, Silicon Labs aims to accelerate development cycles and deliver low-power, highly integrated solutions that address demanding application requirements.

Founded in 1996 and headquartered in Austin, Texas, Silicon Labs has grown into a multinational organization with engineering and sales operations across North America, Europe, and Asia.