Silicon Laboratories Inc. (NASDAQ:SLAB) Shares Bought by Zions Bancorporation N.A.

Zions Bancorporation N.A. lifted its stake in shares of Silicon Laboratories Inc. (NASDAQ:SLAB) by 19.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,265 shares of the semiconductor company’s stock after purchasing an additional 2,303 shares during the period. Zions Bancorporation N.A.’s holdings in Silicon Laboratories were worth $1,772,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. FMR LLC boosted its stake in Silicon Laboratories by 1.1% during the third quarter. FMR LLC now owns 4,843,370 shares of the semiconductor company’s stock worth $559,748,000 after buying an additional 54,708 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Silicon Laboratories by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 3,959,580 shares of the semiconductor company’s stock valued at $491,859,000 after acquiring an additional 71,942 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Silicon Laboratories by 28.3% in the third quarter. Wellington Management Group LLP now owns 888,382 shares of the semiconductor company’s stock valued at $102,670,000 after purchasing an additional 195,997 shares during the period. Geode Capital Management LLC raised its stake in Silicon Laboratories by 2.1% during the third quarter. Geode Capital Management LLC now owns 781,049 shares of the semiconductor company’s stock worth $90,282,000 after purchasing an additional 15,728 shares during the period. Finally, GW&K Investment Management LLC boosted its holdings in Silicon Laboratories by 5.6% in the 4th quarter. GW&K Investment Management LLC now owns 682,045 shares of the semiconductor company’s stock valued at $84,723,000 after purchasing an additional 36,330 shares during the last quarter.

Analyst Ratings Changes

SLAB has been the subject of a number of recent analyst reports. Susquehanna assumed coverage on shares of Silicon Laboratories in a report on Tuesday, December 17th. They set a “neutral” rating and a $130.00 price target for the company. Stifel Nicolaus upped their price target on Silicon Laboratories from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Benchmark reissued a “buy” rating and set a $160.00 price objective on shares of Silicon Laboratories in a research report on Wednesday, March 12th. KeyCorp upped their target price on shares of Silicon Laboratories from $115.00 to $160.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Finally, Barclays lifted their price target on shares of Silicon Laboratories from $75.00 to $120.00 and gave the company an “equal weight” rating in a research report on Friday, January 17th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.20.

Insider Activity at Silicon Laboratories

In other Silicon Laboratories news, Director William G. Bock sold 1,000 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $149.43, for a total value of $149,430.00. Following the sale, the director now owns 31,115 shares of the company’s stock, valued at $4,649,514.45. This trade represents a 3.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Navdeep S. Sooch sold 2,360 shares of the business’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $149.00, for a total value of $351,640.00. Following the transaction, the director now directly owns 400,567 shares of the company’s stock, valued at approximately $59,684,483. This represents a 0.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,360 shares of company stock worth $782,610. Company insiders own 1.72% of the company’s stock.

Silicon Laboratories Stock Performance

NASDAQ SLAB opened at $123.03 on Wednesday. The firm has a market cap of $4.00 billion, a price-to-earnings ratio of -20.71 and a beta of 1.15. The firm has a 50 day simple moving average of $137.67 and a 200-day simple moving average of $123.52. Silicon Laboratories Inc. has a one year low of $94.00 and a one year high of $160.00.

Silicon Laboratories (NASDAQ:SLAB) last issued its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported ($0.11) EPS for the quarter, meeting the consensus estimate of ($0.11). The company had revenue of $166.25 million during the quarter, compared to analysts’ expectations of $166.09 million. Silicon Laboratories had a negative net margin of 32.69% and a negative return on equity of 10.46%. During the same quarter last year, the company posted ($1.19) EPS. The firm’s revenue was up 91.4% compared to the same quarter last year. Equities analysts predict that Silicon Laboratories Inc. will post -0.97 EPS for the current fiscal year.

Silicon Laboratories Company Profile

Silicon Laboratories Inc, a fabless semiconductor company, provides various analog-intensive mixed-signal solutions in the United States, China, Taiwan, and internationally. The company's products include wireless microcontrollers and sensor products. Its products are used in various electronic products in a range of applications for the industrial Internet of Things (IoT), including industrial automation and control, smart buildings, access control, HVAC control, and industrial wearables and power tools; smart cities applications, such as smart metering, smart street lighting, renewable energy, electric vehicle supply equipment, and smart agriculture; commercial IoT applications, including smart lighting, asset tracking, electronic shelf labels, theft protection, and enterprise access points; smart home applications, comprising home automation/security systems, smart speakers, smart lighting, HVAC control, smart cameras, smart appliances, smart home sensing, smart locks, and window/blind controls; and connected health applications, including diabetes management, consumer health and fitness, elderly care, patient monitoring, and activity tracking; as well as in commercial building automation, consumer electronics, and medical instrumentation.