Copper Rock Capital Partners LLC increased its position in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB) by 3.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 449,848 shares of the semiconductor company’s stock after buying an additional 15,594 shares during the quarter. Silicon Laboratories comprises approximately 2.5% of Copper Rock Capital Partners LLC’s portfolio, making the stock its 8th largest position. Copper Rock Capital Partners LLC owned about 1.06% of Silicon Laboratories worth $40,014,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC raised its position in Silicon Laboratories by 9.2% in the second quarter. SG Americas Securities LLC now owns 7,869 shares of the semiconductor company’s stock valued at $538,000 after purchasing an additional 665 shares during the period. Legal & General Group Plc raised its position in Silicon Laboratories by 25.1% in the second quarter. Legal & General Group Plc now owns 32,999 shares of the semiconductor company’s stock valued at $2,256,000 after purchasing an additional 6,611 shares during the period. Marshall Wace North America L.P. purchased a new stake in Silicon Laboratories in the second quarter valued at approximately $242,000. Victory Capital Management Inc. raised its position in Silicon Laboratories by 1.3% in the second quarter. Victory Capital Management Inc. now owns 26,785 shares of the semiconductor company’s stock valued at $1,831,000 after purchasing an additional 344 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Silicon Laboratories by 10.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,623 shares of the semiconductor company’s stock valued at $111,000 after purchasing an additional 148 shares during the period. 90.84% of the stock is currently owned by hedge funds and other institutional investors.
Silicon Laboratories, Inc. (NASDAQ:SLAB) traded up $0.15 during trading hours on Monday, hitting $95.10. 144,800 shares of the company’s stock traded hands, compared to its average volume of 208,811. The firm has a market capitalization of $4,050.00, a P/E ratio of 56.95, a price-to-earnings-growth ratio of 2.45 and a beta of 1.37. The company has a current ratio of 5.66, a quick ratio of 5.20 and a debt-to-equity ratio of 0.40. Silicon Laboratories, Inc. has a fifty-two week low of $63.15 and a fifty-two week high of $96.93.
Silicon Laboratories (NASDAQ:SLAB) last posted its quarterly earnings results on Wednesday, October 25th. The semiconductor company reported $0.90 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.09. The business had revenue of $198.70 million during the quarter, compared to the consensus estimate of $196.20 million. Silicon Laboratories had a net margin of 9.60% and a return on equity of 11.06%. The company’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.77 earnings per share. research analysts expect that Silicon Laboratories, Inc. will post 2.27 earnings per share for the current fiscal year.
A number of analysts have issued reports on the company. Drexel Hamilton reissued a “buy” rating and issued a $103.00 target price (up previously from $85.00) on shares of Silicon Laboratories in a research report on Wednesday, October 25th. Roth Capital boosted their target price on Silicon Laboratories from $85.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday, October 24th. Zacks Investment Research lowered Silicon Laboratories from a “buy” rating to a “hold” rating in a research report on Tuesday, September 19th. BidaskClub lowered Silicon Laboratories from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $85.00 target price on shares of Silicon Laboratories in a research report on Monday, September 18th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Silicon Laboratories currently has a consensus rating of “Buy” and an average target price of $99.44.
In related news, Director William P. Wood sold 5,000 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $91.30, for a total transaction of $456,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO John C. Hollister sold 2,000 shares of the business’s stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $88.45, for a total transaction of $176,900.00. Following the transaction, the chief financial officer now owns 64,767 shares of the company’s stock, valued at approximately $5,728,641.15. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,700 shares of company stock valued at $1,337,650. Insiders own 34.82% of the company’s stock.
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About Silicon Laboratories
Silicon Laboratories Inc is a provider of silicon, software and solutions for the Internet of Things (IoT), Internet infrastructure, industrial, consumer and automotive markets. The Company operates through mixed-signal analog intensive products segment. It provides analog-intensive, mixed-signal solutions for use in a range of electronic products in various applications for the IoT market.
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