Davidson Investment Advisors decreased its position in Silicon Laboratories (NASDAQ:SLAB) by 40.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,640 shares of the semiconductor company’s stock after selling 52,040 shares during the quarter. Davidson Investment Advisors’ holdings in Silicon Laboratories were worth $6,856,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. lifted its position in Silicon Laboratories by 0.7% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 16,220 shares of the semiconductor company’s stock worth $1,109,000 after buying an additional 119 shares during the last quarter. Stifel Financial Corp lifted its position in Silicon Laboratories by 6.9% in the 2nd quarter. Stifel Financial Corp now owns 5,893 shares of the semiconductor company’s stock worth $402,000 after buying an additional 378 shares during the last quarter. UBS Asset Management Americas Inc. lifted its position in Silicon Laboratories by 1.9% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 25,626 shares of the semiconductor company’s stock worth $1,752,000 after buying an additional 470 shares during the last quarter. Advisors Asset Management Inc. lifted its position in Silicon Laboratories by 75.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,292 shares of the semiconductor company’s stock worth $103,000 after buying an additional 554 shares during the last quarter. Finally, Mutual of America Capital Management LLC lifted its position in Silicon Laboratories by 1.7% in the 3rd quarter. Mutual of America Capital Management LLC now owns 34,442 shares of the semiconductor company’s stock worth $2,752,000 after buying an additional 579 shares during the last quarter. Institutional investors own 89.31% of the company’s stock.

Silicon Laboratories (NASDAQ SLAB) opened at $89.45 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 5.84 and a quick ratio of 5.39. The company has a market capitalization of $3,833.09, a P/E ratio of 38.35, a price-to-earnings-growth ratio of 2.38 and a beta of 1.41. Silicon Laboratories has a 12 month low of $66.35 and a 12 month high of $100.00.

Silicon Laboratories (NASDAQ:SLAB) last announced its quarterly earnings results on Wednesday, January 31st. The semiconductor company reported $0.93 EPS for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.07. The business had revenue of $201.02 million for the quarter, compared to analysts’ expectations of $197.93 million. Silicon Laboratories had a return on equity of 11.11% and a net margin of 6.12%. The business’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.75 EPS. equities analysts predict that Silicon Laboratories will post 2.52 earnings per share for the current fiscal year.

In other news, SVP Brandon Tolany sold 18,235 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $95.00, for a total transaction of $1,732,325.00. Following the transaction, the senior vice president now directly owns 69,501 shares of the company’s stock, valued at $6,602,595. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director William P. Wood sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $91.30, for a total value of $456,500.00. The disclosure for this sale can be found here. Insiders have sold 23,366 shares of company stock worth $2,201,925 over the last three months. Insiders own 34.82% of the company’s stock.

A number of equities analysts have commented on the company. BidaskClub raised Silicon Laboratories from a “hold” rating to a “buy” rating in a research note on Saturday, January 6th. Zacks Investment Research cut Silicon Laboratories from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. B. Riley reaffirmed a “buy” rating and issued a $115.00 price target on shares of Silicon Laboratories in a research note on Friday, December 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $115.00 price target (up from $110.00) on shares of Silicon Laboratories in a research note on Thursday, February 1st. Finally, Barclays lifted their price target on Silicon Laboratories from $72.00 to $86.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 18th. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $102.89.

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Silicon Laboratories Profile

Silicon Laboratories Inc is a provider of silicon, software and solutions for the Internet of Things (IoT), Internet infrastructure, industrial, consumer and automotive markets. The Company operates through mixed-signal analog intensive products segment. It provides analog-intensive, mixed-signal solutions for use in a range of electronic products in various applications for the IoT market.

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Institutional Ownership by Quarter for Silicon Laboratories (NASDAQ:SLAB)

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