Lazard Asset Management LLC Takes Position in Silicon Laboratories Inc. (NASDAQ:SLAB)

Lazard Asset Management LLC purchased a new stake in shares of Silicon Laboratories Inc. (NASDAQ:SLAB) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,000 shares of the semiconductor company’s stock, valued at approximately $306,000.

Several other large investors have also modified their holdings of SLAB. Price T Rowe Associates Inc. MD lifted its stake in shares of Silicon Laboratories by 22.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 19,665 shares of the semiconductor company’s stock worth $2,774,000 after acquiring an additional 3,617 shares during the period. Renaissance Technologies LLC raised its holdings in Silicon Laboratories by 78.3% during the 1st quarter. Renaissance Technologies LLC now owns 64,198 shares of the semiconductor company’s stock worth $9,056,000 after purchasing an additional 28,200 shares during the last quarter. Cresset Asset Management LLC lifted its position in shares of Silicon Laboratories by 19.3% in the 1st quarter. Cresset Asset Management LLC now owns 3,838 shares of the semiconductor company’s stock worth $542,000 after purchasing an additional 622 shares during the period. Eqis Capital Management Inc. bought a new stake in shares of Silicon Laboratories in the 1st quarter valued at $233,000. Finally, XTX Topco Ltd bought a new stake in shares of Silicon Laboratories in the 1st quarter valued at $431,000. Institutional investors own 94.51% of the company’s stock.

In related news, Director William G. Bock sold 1,000 shares of the company’s stock in a transaction dated Monday, August 16th. The shares were sold at an average price of $157.67, for a total value of $157,670.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Brandon Tolany sold 12,751 shares of the stock in a transaction dated Tuesday, September 7th. The shares were sold at an average price of $153.19, for a total transaction of $1,953,325.69. The disclosure for this sale can be found here. Insiders have sold a total of 29,933 shares of company stock worth $4,679,202 in the last three months. Insiders own 2.12% of the company’s stock.

SLAB has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Silicon Laboratories from a “sell” rating to a “hold” rating in a research report on Wednesday, September 29th. Needham & Company LLC restated a “buy” rating and set a $195.00 target price on shares of Silicon Laboratories in a research report on Monday, September 13th. Finally, Morgan Stanley lowered their target price on Silicon Laboratories from $160.00 to $153.00 and set an “equal weight” rating for the company in a report on Thursday, July 29th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $164.33.

SLAB stock opened at $139.90 on Thursday. The stock has a market capitalization of $6.26 billion, a PE ratio of 139.90 and a beta of 0.99. The company’s 50-day moving average is $149.36 and its 200-day moving average is $144.54. The company has a debt-to-equity ratio of 0.36, a current ratio of 7.50 and a quick ratio of 7.16. Silicon Laboratories Inc. has a 1 year low of $94.77 and a 1 year high of $163.43.

Silicon Laboratories (NASDAQ:SLAB) last released its quarterly earnings data on Wednesday, July 28th. The semiconductor company reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.50). The company had revenue of $169.49 million for the quarter, compared to the consensus estimate of $267.10 million. Silicon Laboratories had a return on equity of 9.37% and a net margin of 5.12%. On average, analysts anticipate that Silicon Laboratories Inc. will post 0.32 earnings per share for the current fiscal year.

About Silicon Laboratories

Silicon Laboratories, Inc designs and develops analog-intensive and mixed-signal integrated circuits. The firm offers microcontrollers, wireless, sensors, USB bridges, analog, clocks and oscillators, isolators, power, audio and radio, modems and TV and video product categories. It provides solutions for automotive, communications, data centers, healthcare & fitness, home automation & entertainment, industrial automation & power and retail industries.

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Institutional Ownership by Quarter for Silicon Laboratories (NASDAQ:SLAB)

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