Knights of Columbus Asset Advisors LLC Has $4.14 Million Position in Silicon Laboratories Inc. (NASDAQ:SLAB)

Knights of Columbus Asset Advisors LLC raised its position in Silicon Laboratories Inc. (NASDAQ:SLAB - Free Report) by 102.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,275 shares of the semiconductor company's stock after buying an additional 15,860 shares during the period. Knights of Columbus Asset Advisors LLC owned approximately 0.10% of Silicon Laboratories worth $4,137,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Silicon Laboratories in the 4th quarter valued at about $34,161,000. Adage Capital Partners GP L.L.C. acquired a new stake in shares of Silicon Laboratories in the 3rd quarter valued at about $24,453,000. Renaissance Technologies LLC raised its stake in shares of Silicon Laboratories by 338.0% in the 1st quarter. Renaissance Technologies LLC now owns 232,998 shares of the semiconductor company's stock valued at $34,996,000 after purchasing an additional 179,800 shares in the last quarter. Van Berkom & Associates Inc. raised its stake in shares of Silicon Laboratories by 36.2% in the 3rd quarter. Van Berkom & Associates Inc. now owns 572,762 shares of the semiconductor company's stock valued at $66,377,000 after purchasing an additional 152,269 shares in the last quarter. Finally, Cubist Systematic Strategies LLC raised its stake in shares of Silicon Laboratories by 601.7% in the 1st quarter. Cubist Systematic Strategies LLC now owns 154,600 shares of the semiconductor company's stock valued at $27,069,000 after purchasing an additional 132,567 shares in the last quarter.

Silicon Laboratories Stock Down 2.0 %

NASDAQ SLAB traded down $2.31 on Friday, hitting $115.19. The stock had a trading volume of 516,523 shares, compared to its average volume of 241,619. Silicon Laboratories Inc. has a one year low of $74.56 and a one year high of $169.76. The stock has a market cap of $3.68 billion, a price-to-earnings ratio of -101.94 and a beta of 1.27. The company's 50-day moving average is $135.65 and its two-hundred day moving average is $122.00.

Silicon Laboratories (NASDAQ:SLAB - Get Free Report) last posted its earnings results on Wednesday, February 7th. The semiconductor company reported ($1.46) EPS for the quarter, topping the consensus estimate of ($1.91) by $0.45. The firm had revenue of $86.85 million during the quarter, compared to analysts' expectations of $85.32 million. Silicon Laboratories had a negative net margin of 4.41% and a positive return on equity of 0.97%. On average, sell-side analysts anticipate that Silicon Laboratories Inc. will post -1.66 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SLAB. JPMorgan Chase & Co. upped their target price on shares of Silicon Laboratories from $145.00 to $165.00 and gave the company an "overweight" rating in a research note on Thursday, February 8th. TD Cowen increased their price objective on shares of Silicon Laboratories from $140.00 to $155.00 and gave the stock an "outperform" rating in a research note on Thursday, February 8th. Stifel Nicolaus increased their price objective on shares of Silicon Laboratories from $136.00 to $155.00 and gave the stock a "buy" rating in a research note on Tuesday, January 2nd. Barclays increased their price objective on shares of Silicon Laboratories from $120.00 to $140.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 8th. Finally, StockNews.com lowered shares of Silicon Laboratories from a "hold" rating to a "sell" rating in a research note on Friday, December 29th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $143.29.

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.