Davidson Investment Advisors decreased its position in Silicon Laboratories, Inc. (NASDAQ:SLAB) by 5.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 89,600 shares of the semiconductor company’s stock after selling 4,680 shares during the period. Davidson Investment Advisors owned about 0.21% of Silicon Laboratories worth $6,122,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Alps Advisors Inc. boosted its holdings in shares of Silicon Laboratories by 0.3% in the second quarter. Alps Advisors Inc. now owns 6,711 shares of the semiconductor company’s stock valued at $459,000 after acquiring an additional 18 shares in the last quarter. Northwestern Mutual Investment Management Company LLC boosted its holdings in shares of Silicon Laboratories by 0.3% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 7,219 shares of the semiconductor company’s stock valued at $531,000 after acquiring an additional 24 shares in the last quarter. Granite Investment Partners LLC boosted its holdings in shares of Silicon Laboratories by 0.4% in the second quarter. Granite Investment Partners LLC now owns 9,812 shares of the semiconductor company’s stock valued at $671,000 after acquiring an additional 38 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Silicon Laboratories by 1.0% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,180 shares of the semiconductor company’s stock valued at $422,000 after acquiring an additional 61 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its holdings in shares of Silicon Laboratories by 0.9% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 11,811 shares of the semiconductor company’s stock valued at $807,000 after acquiring an additional 100 shares in the last quarter. 88.98% of the stock is currently owned by institutional investors and hedge funds.

SLAB has been the topic of several analyst reports. Zacks Investment Research raised shares of Silicon Laboratories from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a report on Saturday, August 26th. BidaskClub cut shares of Silicon Laboratories from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 16th. Stifel Nicolaus reiterated a “buy” rating and issued a $82.00 price objective on shares of Silicon Laboratories in a research note on Tuesday, June 6th. Needham & Company LLC reiterated a “buy” rating and issued a $85.00 price objective (up previously from $80.00) on shares of Silicon Laboratories in a research note on Thursday, July 27th. Finally, B. Riley reiterated a “buy” rating and issued a $90.00 price objective on shares of Silicon Laboratories in a research note on Friday, July 28th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $80.10.

In other Silicon Laboratories news, Director William P. Wood sold 5,000 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $76.35, for a total value of $381,750.00. Following the completion of the sale, the director now directly owns 30,526 shares of the company’s stock, valued at approximately $2,330,660.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO John C. Hollister sold 2,000 shares of the company’s stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $68.25, for a total transaction of $136,500.00. Following the completion of the sale, the chief financial officer now directly owns 70,767 shares of the company’s stock, valued at $4,829,847.75. The disclosure for this sale can be found here. Insiders sold a total of 21,500 shares of company stock valued at $1,578,250 over the last three months. 34.82% of the stock is owned by corporate insiders.

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Shares of Silicon Laboratories, Inc. (SLAB) traded up 1.27% during mid-day trading on Monday, hitting $79.45. 55,680 shares of the company traded hands. The firm has a market cap of $3.38 billion, a price-to-earnings ratio of 47.38 and a beta of 1.25. The firm has a 50-day moving average price of $75.24 and a 200 day moving average price of $72.55. Silicon Laboratories, Inc. has a 52-week low of $55.04 and a 52-week high of $79.65.

Silicon Laboratories (NASDAQ:SLAB) last announced its earnings results on Wednesday, July 26th. The semiconductor company reported $0.79 earnings per share (EPS) for the quarter, beating the Zacks’ 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.75 EPS. Equities research analysts anticipate that Silicon Laboratories, Inc. will post $3.06 EPS for the current fiscal year.

Silicon Laboratories 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.

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

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