Inspire Investing LLC Boosts Stake in Silicon Laboratories Inc. (NASDAQ:SLAB)

Inspire Investing LLC lifted its holdings in Silicon Laboratories Inc. (NASDAQ:SLAB) by 26.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,175 shares of the semiconductor company’s stock after buying an additional 659 shares during the period. Inspire Investing LLC’s holdings in Silicon Laboratories were worth $351,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pathstone Holdings LLC purchased a new position in shares of Silicon Laboratories in the fourth quarter worth about $58,205,000. Premier Fund Managers Ltd lifted its stake in shares of Silicon Laboratories by 18.6% in the fourth quarter. Premier Fund Managers Ltd now owns 53,845 shares of the semiconductor company’s stock worth $7,298,000 after buying an additional 8,426 shares in the last quarter. CWM LLC lifted its stake in shares of Silicon Laboratories by 185.0% in the second quarter. CWM LLC now owns 8,435 shares of the semiconductor company’s stock worth $933,000 after buying an additional 5,475 shares in the last quarter. Natixis purchased a new position in shares of Silicon Laboratories in the first quarter worth about $647,000. Finally, Vanguard Group Inc. lifted its stake in shares of Silicon Laboratories by 0.7% in the first quarter. Vanguard Group Inc. now owns 3,489,160 shares of the semiconductor company’s stock worth $501,462,000 after buying an additional 24,997 shares in the last quarter.

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 dated Tuesday, September 3rd. The shares were sold at an average price of $115.00, for a total transaction of $97,175.00. Following the completion of the sale, the senior vice president now directly owns 43,615 shares in the company, valued at $5,015,725. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.72% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on SLAB shares. Needham & Company LLC reissued a “buy” rating and issued a $150.00 price target on shares of Silicon Laboratories in a research note on Thursday, July 25th. StockNews.com upgraded shares of Silicon Laboratories to a “sell” rating in a research report on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Silicon Laboratories presently has a consensus rating of “Hold” and a consensus price target of $135.00.

Silicon Laboratories Price Performance

Shares of SLAB opened at $111.36 on Tuesday. Silicon Laboratories Inc. has a 1-year low of $74.56 and a 1-year high of $154.91. The stock has a market cap of $3.56 billion, a PE ratio of -33.64 and a beta of 1.19. The firm has a 50-day simple moving average of $110.61 and a two-hundred day simple moving average of $119.84.

Silicon Laboratories (NASDAQ:SLAB) last announced its quarterly earnings results on Wednesday, July 24th. The semiconductor company reported ($0.56) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.64) by $0.08. Silicon Laboratories had a negative net margin of 36.53% and a negative return on equity of 9.13%. The business had revenue of $145.40 million during the quarter, compared to analysts’ expectations of $140.18 million. During the same period last year, the business earned $0.59 earnings per share. The business’s revenue for the quarter was down 40.6% on a year-over-year basis. As a group, sell-side analysts expect that Silicon Laboratories Inc. will post -3.41 earnings per share for the current fiscal year.

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.