Bradley Foster & Sargent Inc. CT lifted its stake in Silicon Laboratories, Inc. (NASDAQ:SLAB) by 38.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,430 shares of the semiconductor company’s stock after buying an additional 4,860 shares during the quarter. Bradley Foster & Sargent Inc. CT owned about 40,953.95% of Silicon Laboratories worth $1,393,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Swiss National Bank raised its stake in Silicon Laboratories by 1.6% during the 3rd quarter. Swiss National Bank now owns 70,800 shares of the semiconductor company’s stock valued at $5,657,000 after purchasing an additional 1,100 shares during the period. World Asset Management Inc bought a new stake in Silicon Laboratories during the 3rd quarter valued at approximately $216,000. OLD National Bancorp IN bought a new stake in Silicon Laboratories during the 3rd quarter valued at approximately $217,000. Crossmark Global Holdings Inc. bought a new stake in Silicon Laboratories during the 3rd quarter valued at approximately $300,000. Finally, Pier 88 Investment Partners LLC raised its stake in Silicon Laboratories by 78.1% during the 3rd quarter. Pier 88 Investment Partners LLC now owns 4,861 shares of the semiconductor company’s stock valued at $388,000 after purchasing an additional 2,131 shares during the period. 89.02% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Silicon Laboratories, Inc. (NASDAQ SLAB) traded down $0.15 during trading on Friday, hitting $91.45. The stock had a trading volume of 12,724 shares, compared to its average volume of 283,353. The stock has a market cap of $4,009.64, a PE ratio of 41.32, a price-to-earnings-growth ratio of 2.79 and a beta of 1.40. The company has a current ratio of 5.66, a quick ratio of 5.20 and a debt-to-equity ratio of 0.40. Silicon Laboratories, Inc. has a 12-month low of $61.75 and a 12-month high of $95.55.

Silicon Laboratories (NASDAQ:SLAB) last announced its earnings results on Wednesday, October 25th. The semiconductor company reported $0.90 EPS for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.09. The firm had revenue of $198.70 million during the quarter, compared to analysts’ expectations of $196.20 million. Silicon Laboratories had a return on equity of 11.06% and a net margin of 9.60%. The company’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.77 EPS. equities analysts expect that Silicon Laboratories, Inc. will post 2.25 EPS for the current year.

Several brokerages recently issued reports on SLAB. Barclays PLC reissued a “neutral” rating on shares of Silicon Laboratories in a research note on Friday, October 27th. Canaccord Genuity lifted their price objective on Silicon Laboratories from $95.00 to $98.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. B. Riley lifted their price objective on Silicon Laboratories from $90.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Needham & Company LLC lifted their price objective on Silicon Laboratories from $85.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Finally, Drexel Hamilton reaffirmed a “buy” rating and issued a $103.00 price objective (up previously from $85.00) on shares of Silicon Laboratories in a research note on Wednesday, October 25th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $98.89.

In related news, Director William P. Wood sold 5,000 shares of the business’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $92.50, for a total transaction of $462,500.00. Following the completion of the transaction, the director now owns 30,526 shares in the company, valued at approximately $2,823,655. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO John C. Hollister sold 2,000 shares of the business’s stock in a transaction on Friday, August 18th. The shares were sold at an average price of $73.30, for a total value of $146,600.00. Following the transaction, the chief financial officer now owns 68,767 shares of the company’s stock, valued at approximately $5,040,621.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 48,700 shares of company stock valued at $3,940,479. Company insiders own 34.82% of the company’s stock.

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About Silicon Laboratories

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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