Harbor Capital Advisors Inc. Has $3.47 Million Stock Holdings in Silicon Laboratories Inc. (NASDAQ:SLAB)

Harbor Capital Advisors Inc. grew its position in Silicon Laboratories Inc. (NASDAQ:SLAB - Free Report) by 1,612.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,856 shares of the semiconductor company's stock after purchasing an additional 29,054 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.10% of Silicon Laboratories worth $3,473,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Jones Financial Companies Lllp lifted its stake in Silicon Laboratories by 44.5% in the 4th quarter. Jones Financial Companies Lllp now owns 224 shares of the semiconductor company's stock valued at $28,000 after acquiring an additional 69 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of Silicon Laboratories by 111.3% in the first quarter. UMB Bank n.a. now owns 336 shares of the semiconductor company's stock valued at $38,000 after purchasing an additional 177 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of Silicon Laboratories by 143.7% in the first quarter. Parallel Advisors LLC now owns 463 shares of the semiconductor company's stock worth $52,000 after purchasing an additional 273 shares in the last quarter. Headlands Technologies LLC acquired a new position in Silicon Laboratories during the fourth quarter worth $70,000. Finally, Venturi Wealth Management LLC grew its position in Silicon Laboratories by 207.0% in the fourth quarter. Venturi Wealth Management LLC now owns 786 shares of the semiconductor company's stock valued at $98,000 after purchasing an additional 530 shares in the last quarter.

Insider Transactions at Silicon Laboratories

In other Silicon Laboratories news, CEO Robert Matthew Johnson sold 5,879 shares of the stock in a transaction on Friday, May 16th. The stock was sold at an average price of $131.20, for a total transaction of $771,324.80. Following the transaction, the chief executive officer now owns 73,688 shares in the company, valued at $9,667,865.60. This trade represents a 7.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Christy Wyatt sold 546 shares of Silicon Laboratories stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $104.45, for a total value of $57,029.70. Following the sale, the director now directly owns 8,492 shares of the company's stock, valued at $886,989.40. This represents a 6.04% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,626 shares of company stock worth $1,509,319 over the last quarter. Company insiders own 1.60% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on SLAB. Susquehanna boosted their price target on shares of Silicon Laboratories from $100.00 to $110.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 14th. Barclays dropped their target price on Silicon Laboratories from $120.00 to $80.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Wall Street Zen raised Silicon Laboratories from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Stifel Nicolaus cut their price objective on Silicon Laboratories from $145.00 to $120.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $150.00 target price on shares of Silicon Laboratories in a research note on Wednesday, May 14th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Silicon Laboratories presently has an average rating of "Moderate Buy" and a consensus price target of $126.50.

Silicon Laboratories Stock Down 2.3%

Shares of SLAB stock traded down $3.26 during trading on Friday, reaching $137.87. 542,887 shares of the company's stock were exchanged, compared to its average volume of 341,465. The firm's fifty day moving average price is $113.61 and its 200-day moving average price is $124.06. Silicon Laboratories Inc. has a twelve month low of $82.82 and a twelve month high of $160.00. The stock has a market capitalization of $4.49 billion, a PE ratio of -23.21 and a beta of 1.42.

Silicon Laboratories (NASDAQ:SLAB - Get Free Report) last issued its quarterly earnings data on Tuesday, May 13th. The semiconductor company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.01. The company had revenue of $177.71 million for the quarter, compared to analyst estimates of $177.48 million. Silicon Laboratories had a negative net margin of 32.69% and a negative return on equity of 10.46%. The company's revenue was up 67.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.92) earnings per share. As a group, analysts anticipate that Silicon Laboratories Inc. will post -0.97 EPS for the current fiscal year.

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.