Voya Investment Management LLC Has $2.87 Million Stock Holdings in Silicon Laboratories Inc. (NASDAQ:SLAB)

Voya Investment Management LLC trimmed its position in Silicon Laboratories Inc. (NASDAQ:SLAB - Free Report) by 35.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,140 shares of the semiconductor company's stock after selling 12,857 shares during the period. Voya Investment Management LLC owned 0.07% of Silicon Laboratories worth $2,874,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SLAB. FMR LLC grew its position in shares of Silicon Laboratories by 0.5% in the 4th quarter. FMR LLC now owns 4,867,203 shares of the semiconductor company's stock worth $604,604,000 after acquiring an additional 23,833 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Silicon Laboratories by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 3,959,580 shares of the semiconductor company's stock worth $491,859,000 after purchasing an additional 71,942 shares during the period. Capital Research Global Investors increased its stake in Silicon Laboratories by 23.3% during the fourth quarter. Capital Research Global Investors now owns 2,131,920 shares of the semiconductor company's stock valued at $264,827,000 after purchasing an additional 403,010 shares during the last quarter. GW&K Investment Management LLC raised its holdings in shares of Silicon Laboratories by 5.6% during the fourth quarter. GW&K Investment Management LLC now owns 682,045 shares of the semiconductor company's stock worth $84,723,000 after purchasing an additional 36,330 shares during the period. Finally, Federated Hermes Inc. lifted its position in shares of Silicon Laboratories by 4.1% in the 4th quarter. Federated Hermes Inc. now owns 638,464 shares of the semiconductor company's stock worth $79,310,000 after buying an additional 25,178 shares during the last quarter.

Insider Buying and Selling

In other news, Director William G. Bock sold 1,000 shares of Silicon Laboratories stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $149.43, for a total value of $149,430.00. Following the transaction, the director now owns 31,115 shares of the company's stock, valued at $4,649,514.45. The trade was a 3.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Christy Wyatt sold 546 shares of the business's stock in a transaction that occurred 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 completion of the sale, the director now owns 8,492 shares in the company, valued at $886,989.40. The trade was a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.

Silicon Laboratories Trading Up 0.8 %

NASDAQ:SLAB traded up $0.90 during midday trading on Wednesday, hitting $107.61. 79,295 shares of the stock were exchanged, compared to its average volume of 327,006. The company has a market capitalization of $3.49 billion, a price-to-earnings ratio of -18.06 and a beta of 1.36. Silicon Laboratories Inc. has a one year low of $82.82 and a one year high of $160.00. The business has a 50-day moving average price of $110.38 and a two-hundred day moving average price of $120.49.

Silicon Laboratories (NASDAQ:SLAB - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported ($0.11) EPS for the quarter, hitting analysts' consensus estimates of ($0.11). Silicon Laboratories had a negative return on equity of 10.46% and a negative net margin of 32.69%. The company had revenue of $166.25 million for the quarter, compared to the consensus estimate of $166.09 million. During the same quarter in the previous year, the business earned ($1.19) EPS. The company's quarterly revenue was up 91.4% compared to the same quarter last year. Sell-side analysts forecast that Silicon Laboratories Inc. will post -0.97 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on SLAB shares. Needham & Company LLC reaffirmed a "buy" rating and set a $150.00 target price on shares of Silicon Laboratories in a report on Wednesday, March 12th. KeyCorp upped their price objective on Silicon Laboratories from $115.00 to $160.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 22nd. Benchmark reiterated a "buy" rating and issued a $160.00 target price on shares of Silicon Laboratories in a research note on Wednesday, March 12th. Barclays lowered 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 report on Tuesday, April 22nd. Finally, StockNews.com downgraded shares of Silicon Laboratories from a "hold" rating to a "sell" rating in a research report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Silicon Laboratories presently has a consensus rating of "Hold" and an average target price of $129.00.

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.