Macquarie Group Ltd. boosted its stake in shares of Silicon Laboratories Inc. (NASDAQ:SLAB) by 104.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 355,208 shares of the company’s stock after buying an additional 181,065 shares during the period. Macquarie Group Ltd. owned 0.85% of Silicon Laboratories worth $17,313,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Carlson Capital L P boosted its stake in Silicon Laboratories by 18.5% in the second quarter. Carlson Capital L P now owns 1,037,632 shares of the company’s stock valued at $50,574,000 after buying an additional 161,754 shares during the last quarter. Vanguard Group Inc. boosted its stake in Silicon Laboratories by 5.6% in the second quarter. Vanguard Group Inc. now owns 2,940,876 shares of the company’s stock valued at $143,338,000 after buying an additional 155,576 shares during the last quarter. Hermes Investment Management Ltd. boosted its stake in Silicon Laboratories by 18.2% in the second quarter. Hermes Investment Management Ltd. now owns 909,087 shares of the company’s stock valued at $44,309,000 after buying an additional 140,260 shares during the last quarter. Mackenzie Financial Corp boosted its stake in Silicon Laboratories by 16.5% in the second quarter. Mackenzie Financial Corp now owns 947,037 shares of the company’s stock valued at $46,159,000 after buying an additional 133,819 shares during the last quarter. Finally, BlackRock Fund Advisors boosted its stake in Silicon Laboratories by 4.4% in the second quarter. BlackRock Fund Advisors now owns 2,089,735 shares of the company’s stock valued at $101,854,000 after buying an additional 88,689 shares during the last quarter. 89.48% of the stock is owned by hedge funds and other institutional investors.

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

Silicon Laboratories Inc. (NASDAQ:SLAB) traded down 0.89% on Monday, reaching $66.95. 79,249 shares of the company traded hands. Silicon Laboratories Inc. has a one year low of $36.56 and a one year high of $67.70. The firm has a 50 day moving average of $61.27 and a 200-day moving average of $54.48. The stock has a market capitalization of $2.79 billion, a PE ratio of 59.83 and a beta of 1.16.

Silicon Laboratories (NASDAQ:SLAB) last posted its earnings results on Wednesday, October 26th. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.13. The firm earned $178.10 million during the quarter, compared to analysts’ expectations of $73.81 million. Silicon Laboratories had a net margin of 6.97% and a return on equity of 9.80%. The business’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.51 earnings per share. On average, analysts anticipate that Silicon Laboratories Inc. will post $2.68 EPS for the current year.

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Several equities research analysts have weighed in on SLAB shares. B. Riley restated a “buy” rating and issued a $64.00 price objective on shares of Silicon Laboratories in a research report on Monday, August 1st. Stifel Nicolaus restated a “buy” rating and issued a $67.00 price objective (up previously from $65.00) on shares of Silicon Laboratories in a research report on Friday, August 26th. Roth Capital started coverage on shares of Silicon Laboratories in a research report on Wednesday, September 28th. They issued a “buy” rating and a $65.00 price objective for the company. Zacks Investment Research upgraded shares of Silicon Laboratories from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a research report on Tuesday, November 1st. Finally, MKM Partners upgraded shares of Silicon Laboratories from a “neutral” rating to a “buy” rating and set a $73.00 price objective for the company in a research report on Thursday, October 27th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Silicon Laboratories currently has an average rating of “Buy” and an average target price of $63.00.

In other news, Director Navdeep S. Sooch sold 32,816 shares of the company’s stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $64.01, for a total value of $2,100,552.16. Following the completion of the transaction, the director now owns 524,656 shares of the company’s stock, valued at $33,583,230.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William G. Bock sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $64.05, for a total value of $192,150.00. Following the completion of the transaction, the director now directly owns 51,224 shares of the company’s stock, valued at approximately $3,280,897.20. The disclosure for this sale can be found here. 2.75% of the stock is currently owned by insiders.

Silicon Laboratories Company Profile

Silicon Laboratories Inc is a provider of silicon, software and solutions for the Internet of things (IoT), Internet infrastructure, industrial control, consumer and automotive markets. The Company provides customers with advantages in performance, energy savings, connectivity and design simplicity. It provides developers with the tools and technologies they need to advance from initial idea to final product.

5 Day Chart for NASDAQ:SLAB

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