Swiss National Bank Increases Position in Silicon Laboratories Inc. (NASDAQ:SLAB)

Swiss National Bank increased its stake in Silicon Laboratories Inc. (NASDAQ:SLAB) by 1.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,500 shares of the semiconductor company’s stock after purchasing an additional 1,200 shares during the quarter. Swiss National Bank owned 0.20% of Silicon Laboratories worth $7,888,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Jones Financial Companies Lllp increased its holdings in shares of 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 in the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Silicon Laboratories by 159.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 275 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 169 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in shares of Silicon Laboratories by 207.0% in the 4th quarter. Venturi Wealth Management LLC now owns 786 shares of the semiconductor company’s stock valued at $98,000 after purchasing an additional 530 shares in the last quarter. Asset Management One Co. Ltd. purchased a new position in shares of Silicon Laboratories in the 4th quarter valued at about $117,000. Finally, KBC Group NV increased its holdings in shares of Silicon Laboratories by 42.1% in the 4th quarter. KBC Group NV now owns 1,279 shares of the semiconductor company’s stock valued at $159,000 after purchasing an additional 379 shares in the last quarter.

Silicon Laboratories Price Performance

Silicon Laboratories stock opened at $123.57 on Friday. Silicon Laboratories Inc. has a 12-month low of $94.00 and a 12-month high of $160.00. The stock has a market capitalization of $4.01 billion, a P/E ratio of -20.80 and a beta of 1.15. The firm’s 50-day moving average is $138.03 and its two-hundred day moving average is $123.05.

Silicon Laboratories (NASDAQ:SLAB) last released its earnings results on Tuesday, February 4th. The semiconductor company reported ($0.11) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.11). Silicon Laboratories had a negative net margin of 32.69% and a negative return on equity of 10.46%. The business had revenue of $166.25 million for the quarter, compared to analysts’ expectations of $166.09 million. During the same period last year, the company earned ($1.19) earnings per share. The company’s quarterly revenue was up 91.4% on a year-over-year basis. As a group, analysts forecast that Silicon Laboratories Inc. will post -0.97 EPS for the current year.

Insider Buying and Selling

In related news, Director Navdeep S. Sooch sold 2,360 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $149.00, for a total value of $351,640.00. Following the sale, the director now directly owns 400,567 shares of the company’s stock, valued at approximately $59,684,483. This trade represents a 0.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William G. Bock sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $149.43, for a total transaction of $149,430.00. Following the completion of the sale, the director now directly owns 31,115 shares in the company, valued at $4,649,514.45. This represents a 3.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,360 shares of company stock valued at $782,610. Insiders own 1.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SLAB. Stifel Nicolaus raised their target price on shares of Silicon Laboratories from $135.00 to $145.00 and gave the company a “buy” rating in a report on Monday, January 6th. KeyCorp raised their target price on shares of Silicon Laboratories from $115.00 to $160.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Benchmark restated a “buy” rating and set a $160.00 target price on shares of Silicon Laboratories in a report on Wednesday, March 12th. StockNews.com upgraded shares of Silicon Laboratories from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, Susquehanna began coverage on shares of Silicon Laboratories in a report on Tuesday, December 17th. They set a “neutral” rating and a $130.00 target price for the company. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $136.20.

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.