Syntal Capital Partners LLC purchased a new position in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 48,203 shares of the semiconductor company’s stock, valued at approximately $4,256,000. Silicon Laboratories makes up about 1.3% of Syntal Capital Partners LLC’s investment portfolio, making the stock its 14th largest position.

Several other hedge funds have also modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Silicon Laboratories by 1.0% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,180 shares of the semiconductor company’s stock worth $422,000 after purchasing an additional 61 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Silicon Laboratories by 0.9% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 11,811 shares of the semiconductor company’s stock worth $807,000 after purchasing an additional 100 shares in the last quarter. Ameritas Investment Partners Inc. increased its position in shares of Silicon Laboratories by 0.7% during the second quarter. Ameritas Investment Partners Inc. now owns 16,220 shares of the semiconductor company’s stock worth $1,109,000 after purchasing an additional 119 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Silicon Laboratories by 10.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,623 shares of the semiconductor company’s stock worth $111,000 after purchasing an additional 148 shares in the last quarter. Finally, Amalgamated Bank increased its position in shares of Silicon Laboratories by 6.0% in the 2nd quarter. Amalgamated Bank now owns 6,019 shares of the semiconductor company’s stock valued at $411,000 after acquiring an additional 342 shares during the period. 90.84% of the stock is currently owned by institutional investors and hedge funds.

Silicon Laboratories, Inc. (SLAB) traded down $0.30 during trading hours on Thursday, reaching $97.85. 195,255 shares of the company’s stock traded hands, compared to its average volume of 221,364. Silicon Laboratories, Inc. has a one year low of $63.75 and a one year high of $98.70. The company has a debt-to-equity ratio of 0.40, a quick ratio of 5.20 and a current ratio of 5.66. The stock has a market capitalization of $4,180.00, a price-to-earnings ratio of 58.59, a price-to-earnings-growth ratio of 2.46 and a beta of 1.37.

Silicon Laboratories (NASDAQ:SLAB) last posted its quarterly earnings results on Wednesday, October 25th. The semiconductor company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.81 by $0.09. Silicon Laboratories had a net margin of 9.60% and a return on equity of 11.06%. The company had revenue of $198.70 million for the quarter, compared to analyst estimates of $196.20 million. During the same period in the prior year, the company earned $0.77 earnings per share. The firm’s revenue was up 11.6% on a year-over-year basis. research analysts predict that Silicon Laboratories, Inc. will post 2.27 EPS for the current 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 shares were sold at an average price of $89.24, for a total value of $223,100.00. Following the sale, the director now directly owns 43,426 shares of the company’s stock, valued at $3,875,336.24. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director William P. Wood sold 5,000 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $92.50, for a total transaction of $462,500.00. Following the completion of the sale, the director now directly owns 30,526 shares in the company, valued at $2,823,655. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,700 shares of company stock worth $1,160,750. 34.82% of the stock is owned by corporate insiders.

Several equities analysts recently issued reports on SLAB shares. Zacks Investment Research raised Silicon Laboratories from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research report on Wednesday, September 20th. B. Riley reissued a “buy” rating and issued a $115.00 target price on shares of Silicon Laboratories in a research report on Friday, December 8th. Canaccord Genuity upped their target price on Silicon Laboratories from $95.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. Needham & Company LLC upped their target price on Silicon Laboratories from $85.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. Finally, Drexel Hamilton reissued a “buy” rating and issued a $103.00 target price (up from $85.00) on shares of Silicon Laboratories in a research report on Wednesday, October 25th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $100.89.

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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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