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

Jefferies Financial Group Inc. bought a new position in shares of Silicon Laboratories Inc. (NASDAQ:SLAB - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 10,493 shares of the semiconductor company's stock, valued at approximately $1,303,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SLAB. Capital Research Global Investors lifted its holdings in Silicon Laboratories by 23.3% during the 4th quarter. Capital Research Global Investors now owns 2,131,920 shares of the semiconductor company's stock worth $264,827,000 after buying an additional 403,010 shares during the period. Norges Bank acquired a new position in Silicon Laboratories during the 4th quarter worth about $34,622,000. Invesco Ltd. lifted its holdings in Silicon Laboratories by 46.9% during the 4th quarter. Invesco Ltd. now owns 595,382 shares of the semiconductor company's stock worth $73,958,000 after buying an additional 190,085 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Silicon Laboratories in the 4th quarter valued at about $14,252,000. Finally, Alliancebernstein L.P. lifted its stake in shares of Silicon Laboratories by 58.2% in the 4th quarter. Alliancebernstein L.P. now owns 240,321 shares of the semiconductor company's stock valued at $29,853,000 after purchasing an additional 88,438 shares during the period.

Analysts Set New Price Targets

SLAB has been the topic of a number of recent analyst reports. 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. KeyCorp boosted their price objective on Silicon Laboratories from $115.00 to $160.00 and gave the company an "overweight" rating in a research note on Wednesday, January 22nd. Benchmark reissued a "buy" rating and issued a $160.00 price objective on shares of Silicon Laboratories in a research note on Wednesday. StockNews.com raised Silicon Laboratories from a "sell" rating to a "hold" rating in a research note on Wednesday. Finally, Stifel Nicolaus dropped their price objective on Silicon Laboratories from $145.00 to $120.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $126.50.

Insider Activity at Silicon Laboratories

In other news, SVP Robert J. Conrad sold 1,172 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $130.00, for a total value of $152,360.00. Following the completion of the sale, the senior vice president now directly owns 15,972 shares of the company's stock, valued at $2,076,360. This represents a 6.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director William G. Bock sold 1,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $149.43, for a total value of $149,430.00. Following the completion of the sale, the director now directly owns 31,115 shares of the company's stock, valued at approximately $4,649,514.45. This trade represents a 3.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,718 shares of company stock valued at $358,820 in the last three months. Corporate insiders own 1.60% of the company's stock.

Silicon Laboratories Price Performance

Shares of Silicon Laboratories stock opened at $132.97 on Thursday. Silicon Laboratories Inc. has a one year low of $82.82 and a one year high of $160.00. The firm has a market capitalization of $4.32 billion, a price-to-earnings ratio of -22.39 and a beta of 1.36. The business has a 50-day simple moving average of $108.59 and a 200 day simple moving average of $120.81.

About Silicon Laboratories

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.