Silicon Laboratories Inc. (NASDAQ:SLAB) Stake Raised by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its stake in shares of Silicon Laboratories Inc. (NASDAQ:SLAB - Free Report) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 604,168 shares of the semiconductor company's stock after acquiring an additional 5,781 shares during the period. Dimensional Fund Advisors LP owned 1.86% of Silicon Laboratories worth $75,053,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of SLAB. Norges Bank acquired a new position in Silicon Laboratories in the fourth quarter valued at $34,622,000. Invesco Ltd. raised its holdings in shares of Silicon Laboratories by 46.9% in the 4th quarter. Invesco Ltd. now owns 595,382 shares of the semiconductor company's stock worth $73,958,000 after purchasing an additional 190,085 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Silicon Laboratories in the 4th quarter valued at about $14,252,000. Alliancebernstein L.P. grew its holdings in shares of Silicon Laboratories by 58.2% during the 4th quarter. Alliancebernstein L.P. now owns 240,321 shares of the semiconductor company's stock worth $29,853,000 after purchasing an additional 88,438 shares during the period. Finally, Vanguard Group Inc. increased its position in Silicon Laboratories by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 3,959,580 shares of the semiconductor company's stock worth $491,859,000 after purchasing an additional 71,942 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on SLAB shares. StockNews.com lowered shares of Silicon Laboratories from a "hold" rating to a "sell" rating in a research report on Thursday, March 27th. Stifel Nicolaus dropped their price objective on shares of Silicon Laboratories from $145.00 to $120.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. KeyCorp upped their target price on shares of Silicon Laboratories from $115.00 to $160.00 and gave the company an "overweight" rating in a research note on Wednesday, January 22nd. Barclays lowered their target price on Silicon Laboratories from $120.00 to $80.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Finally, Benchmark reiterated a "buy" rating and issued a $160.00 price target on shares of Silicon Laboratories in a research note on Wednesday, March 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $129.00.

Silicon Laboratories Trading Down 2.0 %

Silicon Laboratories stock traded down $2.16 during midday trading on Tuesday, hitting $104.85. The stock had a trading volume of 45,556 shares, compared to its average volume of 326,386. The business has a fifty day moving average price of $110.96 and a 200 day moving average price of $120.59. Silicon Laboratories Inc. has a 12 month low of $82.82 and a 12 month high of $160.00. The stock has a market cap of $3.40 billion, a P/E ratio of -17.73 and a beta of 1.36.

Silicon Laboratories (NASDAQ:SLAB - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported ($0.11) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.11). The business had revenue of $166.25 million for the quarter, compared to analyst estimates of $166.09 million. Silicon Laboratories had a negative return on equity of 10.46% and a negative net margin of 32.69%. The business's revenue was up 91.4% compared to the same quarter last year. During the same period in the prior year, the company posted ($1.19) EPS. On average, equities analysts anticipate that Silicon Laboratories Inc. will post -0.97 EPS for the current fiscal year.

Insider Activity

In other news, Director Navdeep S. Sooch sold 2,360 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 400,567 shares in the company, valued at approximately $59,684,483. This represents a 0.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William G. Bock sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were 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 $4,649,514.45. This represents a 3.11 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.60% of the company's stock.

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.