Natixis Advisors LLC Has $1.39 Million Stake in Silicon Laboratories Inc. (NASDAQ:SLAB)

Natixis Advisors LLC increased its stake in Silicon Laboratories Inc. (NASDAQ:SLAB) by 6.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 12,050 shares of the semiconductor company’s stock after purchasing an additional 708 shares during the quarter. Natixis Advisors LLC’s holdings in Silicon Laboratories were worth $1,393,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Royce & Associates LP lifted its stake in shares of Silicon Laboratories by 19.5% in the third quarter. Royce & Associates LP now owns 24,500 shares of the semiconductor company’s stock worth $2,831,000 after buying an additional 4,000 shares during the last quarter. Zions Bancorporation N.A. raised its holdings in Silicon Laboratories by 18.8% in the 3rd quarter. Zions Bancorporation N.A. now owns 11,962 shares of the semiconductor company’s stock worth $1,382,000 after acquiring an additional 1,889 shares during the period. Pier 88 Investment Partners LLC lifted its position in Silicon Laboratories by 21.8% during the 3rd quarter. Pier 88 Investment Partners LLC now owns 5,872 shares of the semiconductor company’s stock worth $679,000 after acquiring an additional 1,050 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its holdings in Silicon Laboratories by 9.7% during the third quarter. State of New Jersey Common Pension Fund D now owns 16,716 shares of the semiconductor company’s stock valued at $1,932,000 after acquiring an additional 1,474 shares during the period. Finally, Emerald Advisers LLC acquired a new stake in shares of Silicon Laboratories in the third quarter valued at about $1,177,000.

Silicon Laboratories Price Performance

Shares of SLAB stock opened at $107.63 on Wednesday. The stock has a market cap of $3.49 billion, a P/E ratio of -14.54 and a beta of 1.20. The stock has a fifty day moving average price of $111.17 and a 200 day moving average price of $113.90. Silicon Laboratories Inc. has a one year low of $94.00 and a one year high of $154.91.

Silicon Laboratories (NASDAQ:SLAB) last released its quarterly earnings data on Monday, November 4th. The semiconductor company reported ($0.13) EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.07. The company had revenue of $166.00 million during the quarter, compared to the consensus estimate of $165.50 million. Silicon Laboratories had a negative net margin of 46.93% and a negative return on equity of 12.60%. The firm’s revenue for the quarter was down 18.5% compared to the same quarter last year. During the same period last year, the firm earned $0.48 EPS. Equities research analysts anticipate that Silicon Laboratories Inc. will post -3.56 EPS for the current year.

Insider Buying and Selling at Silicon Laboratories

In other Silicon Laboratories news, SVP Brandon Tolany sold 845 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $115.00, for a total transaction of $97,175.00. Following the completion of the transaction, the senior vice president now directly owns 43,615 shares in the company, valued at $5,015,725. This represents a 1.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.72% of the company’s stock.

Wall Street Analysts Forecast Growth

SLAB has been the subject of several research analyst reports. Morgan Stanley cut their price objective on Silicon Laboratories from $123.00 to $97.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 5th. JPMorgan Chase & Co. cut their price target on Silicon Laboratories from $150.00 to $135.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. StockNews.com raised Silicon Laboratories to a “sell” rating in a research report on Friday, November 8th. Barclays dropped their target price on shares of Silicon Laboratories from $120.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 5th. Finally, Stifel Nicolaus reduced their price target on shares of Silicon Laboratories from $160.00 to $135.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Silicon Laboratories presently has a consensus rating of “Hold” and an average target price of $121.50.

About Silicon Laboratories

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.