Jefferies Financial Group Inc. Invests $1.30 Million in Silicon Laboratories Inc. (NASDAQ:SLAB)

Jefferies Financial Group Inc. acquired a new stake in Silicon Laboratories Inc. (NASDAQ:SLAB - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 10,493 shares of the semiconductor company's stock, valued at approximately $1,303,000.

A number of other hedge funds have also bought and sold shares of SLAB. Capital Research Global Investors increased its position in shares of Silicon Laboratories by 23.3% during the fourth quarter. Capital Research Global Investors now owns 2,131,920 shares of the semiconductor company's stock valued at $264,827,000 after buying an additional 403,010 shares during the period. Norges Bank bought a new position in Silicon Laboratories during the fourth quarter valued at approximately $34,622,000. Invesco Ltd. increased its holdings in Silicon Laboratories by 46.9% during the fourth quarter. Invesco Ltd. now owns 595,382 shares of the semiconductor company's stock valued at $73,958,000 after buying an additional 190,085 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Silicon Laboratories during the fourth quarter valued at approximately $14,252,000. Finally, Alliancebernstein L.P. increased its holdings in Silicon Laboratories by 58.2% during the fourth quarter. Alliancebernstein L.P. now owns 240,321 shares of the semiconductor company's stock valued at $29,853,000 after buying an additional 88,438 shares during the last quarter.

Silicon Laboratories Price Performance

Shares of NASDAQ SLAB traded up $1.59 during trading hours on Monday, reaching $122.12. The stock had a trading volume of 247,300 shares, compared to its average volume of 337,602. The business's fifty day moving average is $108.70 and its two-hundred day moving average is $122.47. The company has a market cap of $3.98 billion, a price-to-earnings ratio of -20.56 and a beta of 1.36. Silicon Laboratories Inc. has a twelve month low of $82.82 and a twelve month high of $160.00.

Silicon Laboratories (NASDAQ:SLAB - Get Free Report) last released its quarterly earnings results on Tuesday, May 13th. The semiconductor company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.09) by $0.01. The business had revenue of $177.71 million during the quarter, compared to analysts' expectations of $177.48 million. Silicon Laboratories had a negative return on equity of 10.46% and a negative net margin of 32.69%. The firm's revenue for the quarter was up 67.0% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.92) earnings per share. Sell-side analysts forecast that Silicon Laboratories Inc. will post -0.97 earnings per share for the current fiscal year.

Insider Transactions at Silicon Laboratories

In other news, CEO Robert Matthew Johnson sold 5,879 shares of the firm's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $131.20, for a total transaction of $771,324.80. Following the completion of the transaction, the chief executive officer now directly owns 73,688 shares in the company, valued at $9,667,865.60. This trade represents a 7.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christy Wyatt sold 546 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $104.45, for a total value of $57,029.70. Following the sale, the director now owns 8,492 shares of the company's stock, valued at approximately $886,989.40. This represents a 6.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,626 shares of company stock worth $1,509,319 in the last 90 days. Corporate insiders own 1.60% of the company's stock.

Wall Street Analyst Weigh In

SLAB has been the subject of several research analyst reports. Benchmark reaffirmed a "buy" rating and set a $160.00 target price on shares of Silicon Laboratories in a research note on Tuesday, May 27th. Needham & Company LLC reissued a "buy" rating and set a $150.00 target price on shares of Silicon Laboratories in a research report on Wednesday, May 14th. Barclays lowered their price target on shares of 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 shares of Silicon Laboratories from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Finally, Susquehanna lifted their price target on shares of Silicon Laboratories from $100.00 to $110.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 14th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $126.50.

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.