Silicon Laboratories Inc. (NASDAQ:SLAB) Stake Boosted by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC grew its position in Silicon Laboratories Inc. (NASDAQ:SLAB) by 6.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,134 shares of the semiconductor company’s stock after buying an additional 240 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Silicon Laboratories were worth $514,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Advisors Asset Management Inc. lifted its position in shares of Silicon Laboratories by 159.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 275 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 169 shares in the last quarter. GAMMA Investing LLC raised its stake in Silicon Laboratories by 84.1% during the 3rd 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. International Assets Investment Management LLC raised its stake in Silicon Laboratories by 11,457.1% during the 3rd quarter. International Assets Investment Management LLC now owns 809 shares of the semiconductor company’s stock valued at $93,000 after purchasing an additional 802 shares during the period. Van ECK Associates Corp acquired a new stake in shares of Silicon Laboratories in the third quarter worth $189,000. Finally, nVerses Capital LLC purchased a new position in shares of Silicon Laboratories during the third quarter valued at $196,000.

Silicon Laboratories Price Performance

Shares of NASDAQ:SLAB opened at $132.95 on Wednesday. The stock has a market capitalization of $4.31 billion, a P/E ratio of -17.97 and a beta of 1.17. The business has a 50-day moving average of $124.64 and a two-hundred day moving average of $115.92. Silicon Laboratories Inc. has a fifty-two week low of $94.00 and a fifty-two week high of $154.91.

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

Analysts Set New Price Targets

Several research firms recently weighed in on SLAB. StockNews.com raised Silicon Laboratories to a “sell” rating in a research report on Friday, November 8th. Morgan Stanley reduced their price target on shares of 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. Barclays boosted their price objective 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. Susquehanna started coverage on shares of Silicon Laboratories in a research report on Tuesday, December 17th. They issued a “neutral” rating and a $130.00 target price for the company. Finally, Stifel Nicolaus boosted their price target on shares of Silicon Laboratories from $135.00 to $145.00 and gave the company a “buy” rating in a report on Monday, January 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $133.56.

Insider Buying and Selling

In related news, Director William G. Bock sold 2,000 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $140.77, for a total transaction of $281,540.00. Following the completion of the transaction, the director now owns 32,115 shares of the company’s stock, valued at approximately $4,520,828.55. The trade was a 5.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.72% of the stock is owned by insiders.

Silicon Laboratories 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.