ING Groep NV acquired a new stake in Silicon Laboratories, Inc. (NASDAQ:SLAB) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,151 shares of the semiconductor company’s stock, valued at approximately $352,000.

A number of other large investors have also bought and sold shares of SLAB. Bronfman E.L. Rothschild L.P. raised its stake in Silicon Laboratories by 3.0% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,685 shares of the semiconductor company’s stock valued at $124,000 after buying an additional 49 shares during the last quarter. Pier 88 Investment Partners LLC acquired a new stake in Silicon Laboratories during the second quarter valued at approximately $187,000. Capstone Asset Management Co. acquired a new stake in Silicon Laboratories during the first quarter valued at approximately $222,000. Oppenheimer Asset Management Inc. acquired a new stake in Silicon Laboratories during the first quarter valued at approximately $224,000. Finally, LS Investment Advisors LLC raised its stake in Silicon Laboratories by 18.0% in the second quarter. LS Investment Advisors LLC now owns 3,355 shares of the semiconductor company’s stock valued at $229,000 after buying an additional 512 shares during the last quarter. 88.64% of the stock is currently owned by institutional investors and hedge funds.

Silicon Laboratories, Inc. (NASDAQ:SLAB) traded down 0.164% on Wednesday, hitting $76.125. 70,376 shares of the stock traded hands. Silicon Laboratories, Inc. has a 12 month low of $52.00 and a 12 month high of $79.15. The company has a market capitalization of $3.24 billion, a PE ratio of 45.394 and a beta of 1.25. The firm has a 50-day moving average price of $70.90 and a 200-day moving average price of $71.49.

Silicon Laboratories (NASDAQ:SLAB) last announced its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $0.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.08. The firm had revenue of $190.10 million during the quarter, compared to analyst estimates of $186.46 million. Silicon Laboratories had a net margin of 9.88% and a return on equity of 11.15%. Silicon Laboratories’s revenue was up 8.7% on a year-over-year basis. During the same period last year, the firm posted $0.75 EPS. Analysts forecast that Silicon Laboratories, Inc. will post $3.06 earnings per share for the current year.

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Several research firms recently commented on SLAB. B. Riley reissued a “buy” rating and set a $81.00 price objective on shares of Silicon Laboratories in a research note on Tuesday, May 2nd. DA Davidson boosted their price objective on shares of Silicon Laboratories from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Wednesday, April 26th. Zacks Investment Research raised shares of Silicon Laboratories from a “sell” rating to a “hold” rating in a report on Wednesday, June 28th. Canaccord Genuity reaffirmed a “buy” rating and issued a $83.00 target price on shares of Silicon Laboratories in a report on Thursday, April 27th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $85.00 target price (up from $82.00) on shares of Silicon Laboratories in a report on Thursday, July 27th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $80.70.

In related news, CFO John C. Hollister sold 2,000 shares of the stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $70.55, for a total value of $141,100.00. Following the completion of the transaction, the chief financial officer now directly owns 74,767 shares of the company’s stock, valued at approximately $5,274,811.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO George Tyson Tuttle sold 75,000 shares of the stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $74.89, for a total transaction of $5,616,750.00. Following the completion of the transaction, the chief executive officer now directly owns 208,592 shares of the company’s stock, valued at $15,621,454.88. The disclosure for this sale can be found here. Insiders sold a total of 98,500 shares of company stock valued at $7,322,125 over the last ninety days. 34.82% 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, 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.

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

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