Stephens Investment Management Group LLC Has $35.71 Million Holdings in Silicon Laboratories Inc. (NASDAQ:SLAB)

Stephens Investment Management Group LLC decreased its position in Silicon Laboratories Inc. (NASDAQ:SLAB) by 0.1% in the fourth quarter, HoldingsChannel reports. The firm owned 287,508 shares of the semiconductor company’s stock after selling 393 shares during the period. Stephens Investment Management Group LLC’s holdings in Silicon Laboratories were worth $35,714,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. lifted its holdings in shares of Silicon Laboratories by 159.4% in the third quarter. Advisors Asset Management Inc. now owns 275 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 169 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Silicon Laboratories by 84.1% during the third quarter. GAMMA Investing LLC now owns 497 shares of the semiconductor company’s stock valued at $57,000 after buying an additional 227 shares in the last quarter. International Assets Investment Management LLC raised its position in Silicon Laboratories by 11,457.1% during the third quarter. International Assets Investment Management LLC now owns 809 shares of the semiconductor company’s stock valued at $93,000 after buying an additional 802 shares during the period. KBC Group NV lifted its stake in Silicon Laboratories by 42.1% in the 4th quarter. KBC Group NV now owns 1,279 shares of the semiconductor company’s stock worth $159,000 after acquiring an additional 379 shares in the last quarter. Finally, Van ECK Associates Corp purchased a new position in Silicon Laboratories during the 3rd quarter valued at about $189,000.

Insider Buying and Selling

In other Silicon Laboratories news, Director Navdeep S. Sooch sold 2,360 shares of Silicon Laboratories stock in a transaction that occurred on 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 $59,684,483. The trade was a 0.59 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director William G. Bock sold 2,000 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $140.77, for a total value of $281,540.00. Following the completion of the sale, the director now directly owns 32,115 shares of the company’s stock, valued at $4,520,828.55. This represents a 5.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.72% of the stock is owned by insiders.

Silicon Laboratories Stock Down 3.2 %

Shares of SLAB stock opened at $142.66 on Friday. Silicon Laboratories Inc. has a 12 month low of $94.00 and a 12 month high of $154.91. The company has a market cap of $4.63 billion, a PE ratio of -24.02 and a beta of 1.16. The business’s 50 day moving average is $129.76 and its two-hundred day moving average is $117.14.

Silicon Laboratories (NASDAQ:SLAB) last posted its earnings results on Tuesday, February 4th. The semiconductor company reported ($0.11) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.11). Silicon Laboratories had a negative net margin of 32.69% and a negative return on equity of 10.46%. The business had revenue of $166.25 million for the quarter, compared to analyst estimates of $166.09 million. During the same period last year, the business posted ($1.19) EPS. Silicon Laboratories’s revenue was up 91.4% compared to the same quarter last year. As a group, equities analysts expect that Silicon Laboratories Inc. will post -0.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on SLAB shares. KeyCorp boosted their price objective 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. Susquehanna began coverage on Silicon Laboratories in a report on Tuesday, December 17th. They set a “neutral” rating and a $130.00 price objective for the company. Stifel Nicolaus boosted their target price on Silicon Laboratories from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Monday, January 6th. JPMorgan Chase & Co. dropped their target price on Silicon Laboratories from $150.00 to $135.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. Finally, Needham & Company LLC lifted their price target on Silicon Laboratories from $140.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $136.20.

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.