Silicon Laboratories Inc. (NASDAQ:SLAB) Shares Bought by Captrust Financial Advisors

Captrust Financial Advisors boosted its holdings in shares of Silicon Laboratories Inc. (NASDAQ:SLAB) by 26.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,330 shares of the semiconductor company’s stock after buying an additional 900 shares during the period. Captrust Financial Advisors’ holdings in Silicon Laboratories were worth $500,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Victory Capital Management Inc. increased its position in Silicon Laboratories by 2.3% during the 2nd quarter. Victory Capital Management Inc. now owns 6,638 shares of the semiconductor company’s stock valued at $734,000 after buying an additional 150 shares in the last quarter. Advisors Asset Management Inc. grew its stake in Silicon Laboratories by 159.4% during 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 during the last quarter. Arizona State Retirement System grew its stake in Silicon Laboratories by 2.3% during the 2nd quarter. Arizona State Retirement System now owns 8,936 shares of the semiconductor company’s stock valued at $989,000 after purchasing an additional 202 shares during the last quarter. GAMMA Investing LLC grew its stake in Silicon Laboratories by 84.1% during the 3rd quarter. GAMMA Investing LLC now owns 497 shares of the semiconductor company’s stock valued at $57,000 after purchasing an additional 227 shares during the last quarter. Finally, US Bancorp DE grew its stake in Silicon Laboratories by 14.0% during the 3rd quarter. US Bancorp DE now owns 1,892 shares of the semiconductor company’s stock valued at $219,000 after purchasing an additional 232 shares during the last quarter.

Silicon Laboratories Price Performance

Shares of Silicon Laboratories stock opened at $128.63 on Friday. The business has a 50 day simple moving average of $111.73 and a two-hundred day simple moving average of $112.97. Silicon Laboratories Inc. has a 12 month low of $94.00 and a 12 month high of $154.91. The stock has a market capitalization of $4.17 billion, a P/E ratio of -17.38 and a beta of 1.21.

Silicon Laboratories (NASDAQ:SLAB) last announced its earnings results on Monday, November 4th. The semiconductor company reported ($0.13) EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.07. Silicon Laboratories had a negative return on equity of 12.60% and a negative net margin of 46.93%. The business had revenue of $166.00 million during the quarter, compared to analysts’ expectations of $165.50 million. During the same quarter in the prior year, the firm earned $0.48 earnings per share. The business’s revenue was down 18.5% compared to the same quarter last year. As a group, research analysts anticipate that Silicon Laboratories Inc. will post -3.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SLAB has been the topic of several research analyst reports. JPMorgan Chase & Co. dropped their price target on Silicon Laboratories from $150.00 to $135.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Benchmark reiterated a “hold” rating on shares of Silicon Laboratories in a research note on Tuesday, November 5th. StockNews.com upgraded Silicon Laboratories to a “sell” rating in a research note on Friday, November 8th. KeyCorp lowered their target price on Silicon Laboratories from $150.00 to $115.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Finally, Barclays lowered their target price on Silicon Laboratories from $120.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $121.50.

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.