Principal Securities Inc. Boosts Stock Holdings in Silicon Laboratories Inc. (NASDAQ:SLAB)

Principal Securities Inc. grew its position in Silicon Laboratories Inc. (NASDAQ:SLAB) by 12.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,392 shares of the semiconductor company’s stock after purchasing an additional 368 shares during the period. Principal Securities Inc.’s holdings in Silicon Laboratories were worth $421,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in SLAB. Advisors Asset Management Inc. increased its stake in 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 buying an additional 169 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of 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 acquiring an additional 802 shares during the last quarter. Asset Management One Co. Ltd. bought a new stake in Silicon Laboratories during the fourth quarter worth $117,000. KBC Group NV boosted its position in Silicon Laboratories by 42.1% in the fourth quarter. KBC Group NV now owns 1,279 shares of the semiconductor company’s stock worth $159,000 after purchasing an additional 379 shares during the last quarter. Finally, Van ECK Associates Corp bought a new position in Silicon Laboratories in the 3rd quarter valued at $189,000.

Silicon Laboratories Price Performance

Shares of SLAB stock opened at $155.33 on Friday. Silicon Laboratories Inc. has a 1 year low of $94.00 and a 1 year high of $160.00. The company’s fifty day simple moving average is $136.14 and its two-hundred day simple moving average is $119.89. The stock has a market capitalization of $5.04 billion, a price-to-earnings ratio of -26.15 and a beta of 1.16.

Silicon Laboratories (NASDAQ:SLAB) last released its quarterly earnings data 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 return on equity of 10.46% and a negative net margin of 32.69%. The company had revenue of $166.25 million for the quarter, compared to analyst estimates of $166.09 million. During the same period in the previous year, the company posted ($1.19) EPS. The firm’s revenue for the quarter was up 91.4% compared to the same quarter last year. Equities research analysts anticipate that Silicon Laboratories Inc. will post -0.97 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SLAB. Needham & Company LLC lifted their target price on Silicon Laboratories from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, February 5th. Stifel Nicolaus lifted their price objective on shares of Silicon Laboratories from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Benchmark upgraded shares of Silicon Laboratories from a “hold” rating to a “buy” rating and set a $160.00 target price on the stock in a research note on Wednesday, February 5th. Susquehanna assumed coverage on shares of Silicon Laboratories in a research note on Tuesday, December 17th. They set a “neutral” rating and a $130.00 price target for the company. Finally, KeyCorp upped their price objective on Silicon Laboratories from $115.00 to $160.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $136.20.

Insider Activity

In related news, Director Navdeep S. Sooch sold 2,360 shares of Silicon Laboratories stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $149.00, for a total transaction of $351,640.00. Following the completion of the sale, the director now owns 400,567 shares of the company’s stock, valued at approximately $59,684,483. This trade represents a 0.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William G. Bock sold 1,000 shares of the business’s 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 transaction, the director now owns 31,115 shares of the company’s stock, valued at approximately $4,649,514.45. The trade was a 3.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,360 shares of company stock worth $782,610. 1.72% of the stock is owned by company insiders.

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.