Schwartz Investment Counsel Inc. Has $21.70 Million Holdings in Silicon Laboratories, Inc. (NASDAQ:SLAB)

Schwartz Investment Counsel Inc. decreased its holdings in Silicon Laboratories, Inc. (NASDAQ:SLAB - Free Report) by 16.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 192,790 shares of the semiconductor company's stock after selling 37,210 shares during the quarter. Schwartz Investment Counsel Inc. owned approximately 0.59% of Silicon Laboratories worth $21,702,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of SLAB. New York State Common Retirement Fund grew its stake in shares of Silicon Laboratories by 10.1% during the fourth quarter. New York State Common Retirement Fund now owns 10,868 shares of the semiconductor company's stock valued at $1,350,000 after purchasing an additional 1,000 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in Silicon Laboratories by 1.4% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 7,169 shares of the semiconductor company's stock worth $891,000 after buying an additional 102 shares in the last quarter. Proficio Capital Partners LLC bought a new position in Silicon Laboratories in the 4th quarter valued at $2,423,000. GW&K Investment Management LLC boosted its position in Silicon Laboratories by 5.6% in the 4th quarter. GW&K Investment Management LLC now owns 682,045 shares of the semiconductor company's stock valued at $84,723,000 after buying an additional 36,330 shares during the last quarter. Finally, Fisher Asset Management LLC increased its stake in shares of Silicon Laboratories by 114.4% in the 4th quarter. Fisher Asset Management LLC now owns 119,292 shares of the semiconductor company's stock valued at $14,818,000 after buying an additional 63,652 shares during the period.

Silicon Laboratories Stock Up 1.0%

Silicon Laboratories stock traded up $1.50 during mid-day trading on Tuesday, hitting $148.86. 436,763 shares of the company's stock were exchanged, compared to its average volume of 343,418. The company's 50 day simple moving average is $125.29 and its 200-day simple moving average is $126.14. The firm has a market capitalization of $4.85 billion, a P/E ratio of -29.13 and a beta of 1.42. Silicon Laboratories, Inc. has a fifty-two week low of $82.82 and a fifty-two week 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) EPS for the quarter, topping analysts' consensus estimates of ($0.09) by $0.01. Silicon Laboratories had a negative return on equity of 8.80% and a negative net margin of 25.16%. The company had revenue of $177.71 million for the quarter, compared to analyst estimates of $177.48 million. During the same quarter last year, the firm posted ($0.92) earnings per share. Silicon Laboratories's revenue was up 67.0% compared to the same quarter last year. Research analysts expect that Silicon Laboratories, Inc. will post -0.97 EPS for the current year.

Analyst Ratings Changes

SLAB has been the topic of several research reports. Susquehanna upped their price target on Silicon Laboratories from $100.00 to $110.00 and gave the company a "neutral" rating in a research note on Wednesday, May 14th. Benchmark restated a "buy" rating and set a $160.00 target price on shares of Silicon Laboratories in a research report on Tuesday, May 27th. Wall Street Zen upgraded shares of Silicon Laboratories from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Needham & Company LLC restated a "buy" rating and issued a $150.00 price objective on shares of Silicon Laboratories in a report on Wednesday, May 14th. Finally, Barclays reduced their price objective on shares of Silicon Laboratories from $120.00 to $80.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $126.50.

Insider Buying and Selling at Silicon Laboratories

In other news, SVP Robert J. Conrad sold 4,029 shares of the stock in a transaction on Friday, May 16th. The shares were sold at an average price of $131.20, for a total transaction of $528,604.80. Following the completion of the sale, the senior vice president owned 25,380 shares of the company's stock, valued at $3,329,856. This represents a 13.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert Matthew Johnson sold 5,879 shares of the business's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $131.20, for a total transaction of $771,324.80. Following the completion of the sale, the chief executive officer directly owned 73,688 shares in the company, valued at $9,667,865.60. This represents a 7.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,626 shares of company stock valued at $1,509,319. 1.60% of the stock is currently owned by corporate insiders.

Silicon Laboratories 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.