Stephens Investment Management Group LLC Has $32.16 Million Stake in Silicon Laboratories, Inc. (NASDAQ:SLAB)

Stephens Investment Management Group LLC cut its position in Silicon Laboratories, Inc. (NASDAQ:SLAB - Free Report) by 0.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 285,661 shares of the semiconductor company's stock after selling 1,847 shares during the quarter. Stephens Investment Management Group LLC owned 0.88% of Silicon Laboratories worth $32,157,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in SLAB. Jones Financial Companies Lllp increased its stake in Silicon Laboratories by 44.5% in the fourth 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 during the last quarter. UMB Bank n.a. increased its stake in 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 acquiring an additional 177 shares during the last quarter. Parallel Advisors LLC increased its stake in Silicon Laboratories by 143.7% in the first quarter. Parallel Advisors LLC now owns 463 shares of the semiconductor company's stock valued at $52,000 after acquiring an additional 273 shares during the last quarter. Headlands Technologies LLC bought a new position in Silicon Laboratories in the fourth quarter valued at approximately $70,000. Finally, TD Private Client Wealth LLC increased its stake in Silicon Laboratories by 53.6% in the first quarter. TD Private Client Wealth LLC now owns 914 shares of the semiconductor company's stock valued at $103,000 after acquiring an additional 319 shares during the last quarter.

Analyst Ratings Changes

A number of brokerages recently issued reports on SLAB. Susquehanna lifted their price objective 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 reissued a "buy" rating and issued a $160.00 price objective on shares of Silicon Laboratories in a research note on Tuesday, May 27th. Barclays decreased 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. Needham & Company LLC reissued a "buy" rating and issued a $150.00 price objective on shares of Silicon Laboratories in a research note on Wednesday, May 14th. Finally, KeyCorp lifted their price objective on shares of Silicon Laboratories from $160.00 to $180.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $129.00.

Silicon Laboratories Trading Down 0.2%

Silicon Laboratories stock traded down $0.28 during mid-day trading on Friday, reaching $142.51. The company had a trading volume of 393,013 shares, compared to its average volume of 352,768. Silicon Laboratories, Inc. has a fifty-two week low of $82.82 and a fifty-two week high of $160.00. The company has a market cap of $4.64 billion, a P/E ratio of -27.89 and a beta of 1.47. The business has a fifty day simple moving average of $133.32 and a 200 day simple moving average of $127.34.

Silicon Laboratories (NASDAQ:SLAB - Get Free Report) last issued its earnings results on Tuesday, May 13th. The semiconductor company reported ($0.08) earnings per share for the quarter, beating analysts' consensus estimates of ($0.09) by $0.01. The firm 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 25.16% and a negative return on equity of 8.80%. The company's quarterly revenue was up 67.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.92) earnings per share. Research analysts forecast that Silicon Laboratories, Inc. will post -0.97 EPS for the current year.

Insider Transactions at Silicon Laboratories

In other news, SVP Robert J. Conrad sold 4,029 shares of Silicon Laboratories 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 transaction, the senior vice president owned 25,380 shares in the company, valued at approximately $3,329,856. The trade was a 13.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction of $57,029.70. Following the transaction, the director owned 8,492 shares in the company, valued at approximately $886,989.40. This trade represents a 6.04% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,626 shares of company stock worth $1,509,319. Company insiders own 1.60% of the company's stock.

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.