Advisors Asset Management Inc. lifted its position in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB) by 75.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,292 shares of the semiconductor company’s stock after purchasing an additional 554 shares during the quarter. Advisors Asset Management Inc.’s holdings in Silicon Laboratories were worth $103,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Silicon Laboratories by 4.7% during the second quarter. Vanguard Group Inc. now owns 3,446,677 shares of the semiconductor company’s stock worth $235,581,000 after purchasing an additional 154,654 shares during the period. State Street Corp raised its position in shares of Silicon Laboratories by 5.1% during the second quarter. State Street Corp now owns 1,520,505 shares of the semiconductor company’s stock worth $103,925,000 after purchasing an additional 74,439 shares during the period. Bank of New York Mellon Corp raised its position in shares of Silicon Laboratories by 9.4% during the third quarter. Bank of New York Mellon Corp now owns 920,839 shares of the semiconductor company’s stock worth $73,574,000 after purchasing an additional 79,247 shares during the period. Northern Trust Corp raised its position in shares of Silicon Laboratories by 3.6% during the second quarter. Northern Trust Corp now owns 709,518 shares of the semiconductor company’s stock worth $48,495,000 after purchasing an additional 24,821 shares during the period. Finally, Hermes Investment Management Ltd. raised its position in shares of Silicon Laboratories by 2.6% during the third quarter. Hermes Investment Management Ltd. now owns 690,677 shares of the semiconductor company’s stock worth $55,185,000 after purchasing an additional 17,491 shares during the period. 90.81% of the stock is currently owned by institutional investors.

SLAB has been the topic of a number of research reports. BidaskClub raised Silicon Laboratories from a “hold” rating to a “buy” rating in a research report on Wednesday, August 16th. Drexel Hamilton reaffirmed a “buy” rating and set a $103.00 target price (up from $85.00) on shares of Silicon Laboratories in a research report on Wednesday, October 25th. Roth Capital upped their target price on Silicon Laboratories from $85.00 to $100.00 and gave the stock a “buy” rating in a research report on Tuesday, October 24th. Needham & Company LLC reaffirmed a “buy” rating and set a $85.00 target price on shares of Silicon Laboratories in a research report on Monday, September 18th. Finally, Zacks Investment Research raised Silicon Laboratories from a “hold” rating to a “buy” rating and set a $82.00 price target for the company in a research report on Saturday, August 26th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $98.89.

Shares of Silicon Laboratories, Inc. (SLAB) opened at $89.35 on Friday. The company has a market capitalization of $3,839.38, a price-to-earnings ratio of 39.56, a P/E/G ratio of 2.67 and a beta of 1.37. Silicon Laboratories, Inc. has a 12-month low of $63.15 and a 12-month high of $96.93. The company has a debt-to-equity ratio of 0.40, a current ratio of 5.66 and a quick ratio of 5.20.

Silicon Laboratories (NASDAQ:SLAB) last released its quarterly earnings results on Wednesday, October 25th. The semiconductor company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.09. The business had revenue of $198.70 million during the quarter, compared to analyst estimates of $196.20 million. Silicon Laboratories had a return on equity of 11.06% and a net margin of 9.60%. Silicon Laboratories’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.77 EPS. equities analysts anticipate that Silicon Laboratories, Inc. will post 2.25 earnings per share for the current fiscal year.

In other Silicon Laboratories news, Director William G. Bock sold 2,500 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $89.24, for a total value of $223,100.00. Following the completion of the transaction, the director now owns 43,426 shares in the company, valued at approximately $3,875,336.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William P. Wood sold 5,000 shares of the company’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $81.45, for a total value of $407,250.00. The disclosure for this sale can be found here. Insiders sold a total of 46,700 shares of company stock valued at $3,902,829 over the last three months. 34.82% of the stock is currently owned by insiders.

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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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