Signal management

Victory Capital Management Inc. sells 44,309 shares of Silicon Laboratories Inc. (NASDAQ: SLAB)


Victory Capital Management Inc. lowered its position in shares of Silicon Laboratories Inc. (NASDAQ: SLAB – Get Rating) by 14.5% during the first quarter, according to its latest filing with the Securities & Exchange Commission. The fund held 260,618 shares of the semiconductor company after selling 44,309 shares during the period. Victory Capital Management Inc.’s holdings in Silicon Laboratories were worth $39,026,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also bought and sold shares of SLAB. Alliancebernstein LP increased its position in Silicon Laboratories by 40.9% during the fourth quarter. Alliancebernstein LP now owns 891,278 shares of the semiconductor company worth $183,978,000 after acquiring an additional 258,534 shares in the last quarter. Bank of Montreal Can increased its position in shares of Silicon Laboratories by 2,147.8% in the 4th quarter. Bank of Montreal Can now owns 79,213 shares of the semiconductor company valued at $16,347,000 after buying an additional 75,689 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Silicon Laboratories in Q4, valued at approximately $14,071,000. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Silicon Laboratories in Q4 valued at approximately $12,463,000. Finally, Renaissance Technologies LLC purchased a new stake in shares of Silicon Laboratories in Q4 valued at approximately $10,981,000. Institutional investors hold 99.40% of the company’s shares.

A Wall Street analyst gives his opinion

A number of equity research analysts have commented on the company. Cowen raised his price target on Silicon Laboratories from $170.00 to $175.00 in a Thursday, July 28 research report. Stifel Nicolaus raised his price target on Silicon Laboratories from $200.00 to $210.00 in a Wednesday, April 27 research report. Morgan Stanley raised its price target on Silicon Laboratories from $156.00 to $161.00 and gave the company an “equal weight” rating in a Thursday, July 28 research report. Cowen raised his target price on Silicon Laboratories from $170.00 to $175.00 in a Thursday, July 28 research report. Finally, Wells Fargo & Company cut its price target on Silicon Laboratories from $190.00 to $170.00 and set an “overweight” rating on the stock in a Monday, July 11 research report. Four equity research analysts gave the stock a hold rating and four gave the company a buy rating. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $181.38.

Insider Trading at Silicon Laboratories

In other news, manager William G. Bock sold 1,000 shares in a trade that took place on Monday, May 16. The stock was sold at an average price of $141.45, for a total value of $141,450.00. Following the completion of the sale, the director now directly owns 32,468 shares of the company, valued at $4,592,598.60. The sale was disclosed in an SEC filing, available on the SEC’s website. In other news, manager William G. Bock sold 1,000 shares in a trade that took place on Monday, May 16. The stock was sold at an average price of $141.45, for a total value of $141,450.00. Following the completion of the sale, the director now directly owns 32,468 shares of the company, valued at $4,592,598.60. The sale was disclosed in an SEC filing, available on the SEC’s website. Additionally, CEO Robert Matthew Johnson sold 5,435 shares in a trade that took place on Monday, June 6. The stock was sold at an average price of $149.38, for a total value of $811,880.30. Following the completion of the sale, the CEO now directly owns 26,873 shares of the company, valued at $4,014,288.74. The disclosure of this sale can be found here. Insiders of the company own 1.61% of the shares of the company.

Silicon labs source 0.9%

SLAB stock opened at $148.74 on Tuesday. The stock’s 50-day simple moving average is $139.24 and its 200-day simple moving average is $144.50. Silicon Laboratories Inc. has a fifty-two week low of $114.52 and a fifty-two week high of $211.98. The company has a debt ratio of 0.33, a quick ratio of 7.05 and a current ratio of 7.37. The company has a market capitalization of $5.44 billion, a P/E ratio of 3.11 and a beta of 1.16.

Silicon Laboratories (NASDAQ:SLAB – Get Rating) last released its quarterly results on Wednesday, July 27. The semiconductor company reported earnings per share of $1.17 for the quarter, beating analysts’ consensus estimate of $0.91 by $0.26. Silicon Laboratories had a return on equity of 3.61% and a net margin of 239.09%. The company posted revenue of $263.00 million for the quarter, versus a consensus estimate of $250.46 million. During the same period of the previous year, the company achieved EPS of $0.81. The company’s revenue for the quarter increased 55.6% year over year. On average, research analysts expect Silicon Laboratories Inc. to post earnings per share of 2.38 for the current fiscal year.

Silicon Laboratories Company Profile

(Get a rating)

Silicon Laboratories Inc, a fabless semiconductor company, provides various analog-intensive mixed-signal solutions in the United States, China and around the world. The Company’s products include wireless microcontrollers and sensing products. Its products are used in various electronic products in a range of applications for the Internet of Things (IoT), including connected home and security, industrial automation and control, smart meters, smart lighting, commercial building automation, consumer electronics, asset tracking and medical instrumentation.

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Institutional ownership by quarter for Silicon Laboratories (NASDAQ:SLAB)



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