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

Schwartz Investment Counsel Inc. decreased its position in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB - Free Report) by 16.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 192,790 shares of the semiconductor company's stock after selling 37,210 shares during the period. Schwartz Investment Counsel Inc. owned about 0.59% of Silicon Laboratories worth $21,702,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Coldstream Capital Management Inc. lifted its stake in Silicon Laboratories by 2.8% in the 4th quarter. Coldstream Capital Management Inc. now owns 2,473 shares of the semiconductor company's stock valued at $307,000 after purchasing an additional 68 shares during the last quarter. 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 purchasing an additional 69 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its stake in Silicon Laboratories by 1.4% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 7,169 shares of the semiconductor company's stock valued at $891,000 after purchasing an additional 102 shares during the last quarter. Arizona State Retirement System lifted its stake in Silicon Laboratories by 1.8% in the 4th quarter. Arizona State Retirement System now owns 9,360 shares of the semiconductor company's stock valued at $1,163,000 after purchasing an additional 167 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in Silicon Laboratories by 111.3% in the 1st 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.

Insider Activity

In related news, SVP Robert J. Conrad sold 1,172 shares of the business's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $130.00, for a total transaction of $152,360.00. Following the transaction, the senior vice president now directly owns 15,972 shares in the company, valued at approximately $2,076,360. The trade was a 6.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert Matthew Johnson sold 5,879 shares of the business'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 transaction, the chief executive officer now owns 73,688 shares in the company, valued at approximately $9,667,865.60. This trade represents a 7.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,626 shares of company stock worth $1,509,319 over the last three months. 1.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Wall Street Zen raised shares of Silicon Laboratories from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Stifel Nicolaus dropped their price target on shares of Silicon Laboratories from $145.00 to $120.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Susquehanna raised their price target on shares of Silicon Laboratories from $100.00 to $110.00 and gave the company a "neutral" rating in a research note on Wednesday, May 14th. Benchmark reaffirmed a "buy" rating and set a $160.00 price target on shares of Silicon Laboratories in a research note on Tuesday, May 27th. Finally, Barclays dropped their price target on shares of 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. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $126.50.

Silicon Laboratories Stock Down 0.5%

Shares of NASDAQ SLAB opened at $147.85 on Friday. Silicon Laboratories, Inc. has a twelve month low of $82.82 and a twelve month high of $160.00. The firm has a fifty day simple moving average of $124.16 and a 200 day simple moving average of $126.04. The company has a market capitalization of $4.82 billion, a PE ratio of -28.93 and a beta of 1.42.

Silicon Laboratories (NASDAQ:SLAB - Get Free Report) last posted 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. The business had revenue of $177.71 million during the quarter, compared to analysts' expectations of $177.48 million. Silicon Laboratories had a negative net margin of 25.16% and a negative return on equity of 8.80%. The business's quarterly revenue was up 67.0% on a year-over-year basis. During the same period last year, the company posted ($0.92) earnings per share. As a group, equities analysts expect that Silicon Laboratories, Inc. will post -0.97 earnings per share for the current fiscal year.

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.

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