GAMMA Investing LLC Buys 227 Shares of Silicon Laboratories Inc. (NASDAQ:SLAB)

GAMMA Investing LLC increased its stake in Silicon Laboratories Inc. (NASDAQ:SLAB) by 84.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 497 shares of the semiconductor company’s stock after purchasing an additional 227 shares during the period. GAMMA Investing LLC’s holdings in Silicon Laboratories were worth $57,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. CWM LLC increased its position in shares of Silicon Laboratories by 185.0% in the second quarter. CWM LLC now owns 8,435 shares of the semiconductor company’s stock worth $933,000 after purchasing an additional 5,475 shares during the last quarter. Natixis bought a new position in shares of Silicon Laboratories in the first quarter worth approximately $647,000. Vanguard Group Inc. increased its position in shares of Silicon Laboratories by 0.7% in the first quarter. Vanguard Group Inc. now owns 3,489,160 shares of the semiconductor company’s stock worth $501,462,000 after purchasing an additional 24,997 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Silicon Laboratories by 284.6% in the second quarter. SG Americas Securities LLC now owns 7,076 shares of the semiconductor company’s stock worth $783,000 after purchasing an additional 5,236 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of Silicon Laboratories by 31.7% in the first quarter. Russell Investments Group Ltd. now owns 52,578 shares of the semiconductor company’s stock worth $7,557,000 after purchasing an additional 12,667 shares during the last quarter.

Insider Activity

In other news, SVP Brandon Tolany sold 845 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $115.00, for a total transaction of $97,175.00. Following the completion of the sale, the senior vice president now owns 43,615 shares of the company’s stock, valued at approximately $5,015,725. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.72% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on SLAB. StockNews.com upgraded shares of Silicon Laboratories to a “sell” rating in a research report on Tuesday, July 23rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $150.00 target price on shares of Silicon Laboratories in a research note on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, Silicon Laboratories presently has a consensus rating of “Hold” and a consensus target price of $135.00.

Silicon Laboratories Stock Performance

NASDAQ:SLAB opened at $115.27 on Thursday. The firm has a market cap of $3.68 billion, a PE ratio of -34.82 and a beta of 1.19. Silicon Laboratories Inc. has a fifty-two week low of $74.56 and a fifty-two week high of $154.91. The business has a 50 day moving average price of $111.18 and a 200-day moving average price of $117.29.

Silicon Laboratories (NASDAQ:SLAB) last released its quarterly earnings data on Wednesday, July 24th. The semiconductor company reported ($0.56) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.64) by $0.08. The firm had revenue of $145.40 million during the quarter, compared to analyst estimates of $140.18 million. Silicon Laboratories had a negative return on equity of 9.13% and a negative net margin of 36.53%. The business’s quarterly revenue was down 40.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.59 earnings per share. Research analysts predict that Silicon Laboratories Inc. will post -3.41 EPS for the current year.

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.