Wealth Enhancement Advisory Services LLC Buys 233 Shares of Silicon Laboratories Inc. (NASDAQ:SLAB)

Wealth Enhancement Advisory Services LLC grew its stake in shares of Silicon Laboratories Inc. (NASDAQ:SLAB) by 12.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,128 shares of the semiconductor company’s stock after purchasing an additional 233 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Silicon Laboratories were worth $246,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in SLAB. CWM LLC raised its holdings in Silicon Laboratories by 185.0% in the 2nd quarter. CWM LLC now owns 8,435 shares of the semiconductor company’s stock valued at $933,000 after acquiring an additional 5,475 shares during the period. Natixis acquired a new position in Silicon Laboratories in the 1st quarter valued at $647,000. Vanguard Group Inc. increased its position in Silicon Laboratories by 0.7% during the 1st 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 during the period. SG Americas Securities LLC boosted its position in shares of Silicon Laboratories by 284.6% in the second quarter. SG Americas Securities LLC now owns 7,076 shares of the semiconductor company’s stock valued at $783,000 after acquiring an additional 5,236 shares during the period. Finally, Russell Investments Group Ltd. grew its stake in shares of Silicon Laboratories by 31.7% in the first quarter. Russell Investments Group Ltd. now owns 52,578 shares of the semiconductor company’s stock valued at $7,557,000 after acquiring an additional 12,667 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on SLAB shares. StockNews.com upgraded shares of Silicon Laboratories to a “sell” rating in a research note on Friday. Stifel Nicolaus reduced their target price on Silicon Laboratories from $160.00 to $135.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. KeyCorp decreased their price target on Silicon Laboratories from $150.00 to $115.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Benchmark restated a “hold” rating on shares of Silicon Laboratories in a research report on Tuesday, November 5th. Finally, Morgan Stanley decreased their target price on Silicon Laboratories from $123.00 to $97.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Silicon Laboratories currently has a consensus rating of “Hold” and a consensus price target of $121.50.

Insider Buying and Selling at Silicon Laboratories

In other news, SVP Brandon Tolany sold 845 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $115.00, for a total value 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 approximately $5,015,725. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.72% of the stock is currently owned by company insiders.

Silicon Laboratories Stock Performance

SLAB stock opened at $108.38 on Tuesday. The company has a market capitalization of $3.52 billion, a price-to-earnings ratio of -14.65 and a beta of 1.20. Silicon Laboratories Inc. has a fifty-two week low of $93.30 and a fifty-two week high of $154.91. The stock has a fifty day moving average of $111.89 and a 200-day moving average of $115.29.

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

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.