Macquarie Group Ltd. lessened its position in Silicon Laboratories (NASDAQ:SLAB) by 4.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 315,882 shares of the semiconductor company’s stock after selling 14,590 shares during the period. Macquarie Group Ltd.’s holdings in Silicon Laboratories were worth $27,892,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of SLAB. Crossmark Global Holdings Inc. acquired a new stake in shares of Silicon Laboratories in the 3rd quarter valued at $300,000. Swiss National Bank boosted its stake in shares of Silicon Laboratories by 1.6% in the 3rd quarter. Swiss National Bank now owns 70,800 shares of the semiconductor company’s stock valued at $5,657,000 after purchasing an additional 1,100 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Silicon Laboratories by 20.0% in the 3rd quarter. Sei Investments Co. now owns 77,765 shares of the semiconductor company’s stock valued at $6,213,000 after purchasing an additional 12,947 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of Silicon Laboratories by 86.7% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 22,051 shares of the semiconductor company’s stock valued at $1,762,000 after purchasing an additional 10,240 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of Silicon Laboratories by 15.4% in the 3rd quarter. Rhumbline Advisers now owns 96,877 shares of the semiconductor company’s stock valued at $7,740,000 after purchasing an additional 12,946 shares in the last quarter. Institutional investors own 89.57% of the company’s stock.
SLAB has been the topic of several recent analyst reports. BidaskClub upgraded shares of Silicon Laboratories from a “hold” rating to a “buy” rating in a research note on Saturday, January 6th. Zacks Investment Research downgraded shares of Silicon Laboratories from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. Needham & Company LLC restated a “buy” rating and issued a $115.00 target price (up previously from $110.00) on shares of Silicon Laboratories in a research note on Thursday, February 1st. B. Riley restated a “buy” rating and issued a $115.00 target price on shares of Silicon Laboratories in a research note on Friday, December 8th. Finally, Roth Capital boosted their target price on shares of Silicon Laboratories from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Monday, December 11th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $102.89.
Silicon Laboratories (NASDAQ SLAB) opened at $92.25 on Friday. The stock has a market cap of $4,146.56, a PE ratio of 41.05, a P/E/G ratio of 2.54 and a beta of 1.38. The company has a current ratio of 5.84, a quick ratio of 5.39 and a debt-to-equity ratio of 0.36. Silicon Laboratories has a 52-week low of $66.35 and a 52-week high of $101.90.
Silicon Laboratories (NASDAQ:SLAB) last issued its quarterly earnings results on Wednesday, January 31st. The semiconductor company reported $0.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.07. The business had revenue of $201.02 million for the quarter, compared to the consensus estimate of $197.93 million. Silicon Laboratories had a net margin of 6.12% and a return on equity of 11.11%. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.75 EPS. analysts forecast that Silicon Laboratories will post 2.52 earnings per share for the current year.
In related news, Director William G. Bock sold 2,500 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $91.91, for a total transaction of $229,775.00. Following the transaction, the director now owns 40,926 shares in the company, valued at approximately $3,761,508.66. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Brandon Tolany sold 18,235 shares of the company’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $95.00, for a total transaction of $1,732,325.00. Following the transaction, the senior vice president now owns 69,501 shares in the company, valued at approximately $6,602,595. The disclosure for this sale can be found here. In the last quarter, insiders have sold 35,676 shares of company stock worth $3,378,918. 1.96% of the stock is owned by corporate insiders.
ILLEGAL ACTIVITY NOTICE: This report was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this report on another website, it was illegally copied and reposted in violation of international trademark & copyright legislation. The original version of this report can be read at https://www.dispatchtribunal.com/2018/03/23/macquarie-group-ltd-sells-14590-shares-of-silicon-laboratories-slab.html.
Silicon Laboratories Company Profile
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.
Want to see what other hedge funds are holding SLAB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Silicon Laboratories (NASDAQ:SLAB).
Receive News & Ratings for Silicon Laboratories Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Silicon Laboratories and related companies with MarketBeat.com's FREE daily email newsletter.