Silicon Laboratories Inc. (NASDAQ:SLAB) Shares Bought by Creative Planning

Creative Planning raised its position in Silicon Laboratories Inc. (NASDAQ:SLAB) by 116.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 7,985 shares of the semiconductor company’s stock after acquiring an additional 4,289 shares during the period. Creative Planning’s holdings in Silicon Laboratories were worth $923,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Cullen Frost Bankers Inc. acquired a new stake in shares of Silicon Laboratories in the 2nd quarter worth $28,000. Fidelis Capital Partners LLC acquired a new stake in shares of Silicon Laboratories in the first quarter valued at about $55,000. GAMMA Investing LLC lifted its stake in shares of Silicon Laboratories by 84.1% in the third quarter. GAMMA Investing LLC now owns 497 shares of the semiconductor company’s stock valued at $57,000 after purchasing an additional 227 shares during the period. Daiwa Securities Group Inc. acquired a new stake in shares of Silicon Laboratories in the second quarter valued at about $60,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Silicon Laboratories in the second quarter valued at about $82,000.

Insider Buying and Selling at Silicon Laboratories

In other Silicon Laboratories news, SVP Brandon Tolany sold 845 shares of Silicon Laboratories stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $115.00, for a total transaction of $97,175.00. Following the transaction, the senior vice president now directly owns 43,615 shares of the company’s stock, valued at $5,015,725. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.72% of the stock is currently owned by corporate insiders.

Silicon Laboratories Stock Performance

Silicon Laboratories stock opened at $106.23 on Friday. Silicon Laboratories Inc. has a 1 year low of $84.08 and a 1 year high of $154.91. The firm has a 50 day moving average price of $112.84 and a 200 day moving average price of $115.75. The company has a market cap of $3.43 billion, a price-to-earnings ratio of -17.13 and a beta of 1.19.

Analysts Set New Price Targets

Several brokerages recently commented on SLAB. StockNews.com upgraded shares of Silicon Laboratories to a “sell” rating in a research note on Wednesday. Needham & Company LLC restated a “buy” rating and set a $150.00 target price on shares of Silicon Laboratories in a research report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Silicon Laboratories has an average rating of “Hold” and a consensus price target of $138.57.

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.