UBS Asset Management Americas Inc. lifted its holdings in Silicon Labs (NASDAQ:SLAB) by 9.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,531 shares of the semiconductor company’s stock after acquiring an additional 2,449 shares during the quarter. UBS Asset Management Americas Inc. owned 0.07% of Silicon Labs worth $2,608,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of Silicon Labs by 2.2% in the fourth quarter. BlackRock Inc. now owns 4,765,980 shares of the semiconductor company’s stock worth $420,837,000 after acquiring an additional 102,811 shares during the period. Bank of New York Mellon Corp boosted its holdings in Silicon Labs by 9.4% during the third quarter. Bank of New York Mellon Corp now owns 920,839 shares of the semiconductor company’s stock worth $73,574,000 after buying an additional 79,247 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Silicon Labs by 0.4% during the third quarter. Dimensional Fund Advisors LP now owns 895,422 shares of the semiconductor company’s stock worth $71,546,000 after buying an additional 3,229 shares in the last quarter. Copper Rock Capital Partners LLC boosted its holdings in Silicon Labs by 3.6% during the fourth quarter. Copper Rock Capital Partners LLC now owns 449,848 shares of the semiconductor company’s stock worth $40,014,000 after buying an additional 15,594 shares in the last quarter. Finally, Rothschild Asset Management Inc. boosted its holdings in Silicon Labs by 7.7% during the third quarter. Rothschild Asset Management Inc. now owns 400,312 shares of the semiconductor company’s stock worth $31,985,000 after buying an additional 28,682 shares in the last quarter. Hedge funds and other institutional investors own 89.57% of the company’s stock.
SLAB traded down $1.60 during midday trading on Friday, hitting $87.75. 315,438 shares of the company traded hands, compared to its average volume of 234,539. The company has a quick ratio of 5.39, a current ratio of 5.84 and a debt-to-equity ratio of 0.36. The company has a market cap of $3,788.26, a price-to-earnings ratio of 37.34, a PEG ratio of 2.32 and a beta of 1.42. Silicon Labs has a 52-week low of $66.35 and a 52-week high of $101.90.
Silicon Labs (NASDAQ:SLAB) last posted its quarterly earnings data on Wednesday, January 31st. The semiconductor company reported $0.93 earnings per share (EPS) for the quarter, beating 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 Labs had a net margin of 6.12% and a return on equity of 11.11%. The company’s revenue was up 10.1% compared to the same quarter last year. During the same period last year, the firm posted $0.75 earnings per share. research analysts forecast that Silicon Labs will post 2.52 EPS for the current year.
A number of brokerages recently issued reports on SLAB. Benchmark began coverage on shares of Silicon Labs in a report on Friday. They set a “buy” rating and a $120.00 price target on the stock. Zacks Investment Research raised shares of Silicon Labs from a “sell” rating to a “hold” rating in a report on Thursday. Needham & Company LLC reissued a “buy” rating and set a $115.00 price target (up from $110.00) on shares of Silicon Labs in a report on Thursday, February 1st. Drexel Hamilton reissued a “buy” rating and set a $111.00 price target (up from $103.00) on shares of Silicon Labs in a report on Wednesday, January 31st. Finally, Roth Capital increased their price target on shares of Silicon Labs from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Silicon Labs currently has a consensus rating of “Buy” and an average target price of $104.60.
In other news, SVP Sandeep P. Kumar sold 5,750 shares of the firm’s stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $100.00, for a total value of $575,000.00. Following the transaction, the senior vice president now directly owns 41,633 shares of the company’s stock, valued at $4,163,300. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director William G. Bock sold 2,500 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $91.91, for a total transaction of $229,775.00. Following the completion of the transaction, the director now directly owns 40,926 shares in the company, valued at $3,761,508.66. The disclosure for this sale can be found here. Over the last three months, insiders sold 35,676 shares of company stock worth $3,378,918. Insiders own 1.96% of the company’s stock.
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Silicon Labs Company Profile
Silicon Laboratories Inc, a fabless semiconductor company, designs, develops, and markets mixed-signal integrated circuits (ICs) in the United States, China, and internationally. The company offers Internet of things products, such as 8-bit mixed-signal, 32-bit wireless, and ultra-low-power 32-bit microcontrollers; wireless connectivity devices, including multiprotocol wireless Gecko system-on-chip devices; real-time operating systems; sensor products comprising optical, relative humidity/temperature, and hall effect magnetic sensors.
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