8,292 Shares in Silicon Laboratories, Inc. $SLAB Purchased by Markel Group Inc.

Markel Group Inc. purchased a new stake in Silicon Laboratories, Inc. (NASDAQ:SLAB) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 8,292 shares of the semiconductor company’s stock, valued at approximately $1,837,000.

Several other hedge funds have also recently bought and sold shares of SLAB. Oregon Public Employees Retirement Fund lifted its position in Silicon Laboratories by 1.5% during the third quarter. Oregon Public Employees Retirement Fund now owns 6,887 shares of the semiconductor company’s stock valued at $1,526,000 after buying an additional 100 shares in the last quarter. ProShare Advisors LLC raised its stake in shares of Silicon Laboratories by 10.7% in the 3rd quarter. ProShare Advisors LLC now owns 10,784 shares of the semiconductor company’s stock valued at $2,390,000 after acquiring an additional 1,044 shares during the period. Vise Technologies Inc. raised its stake in shares of Silicon Laboratories by 37.3% in the 3rd quarter. Vise Technologies Inc. now owns 1,554 shares of the semiconductor company’s stock valued at $344,000 after acquiring an additional 422 shares during the period. Transmarket Holdings LP purchased a new position in shares of Silicon Laboratories in the 3rd quarter valued at $222,000. Finally, Signaturefd LLC lifted its holdings in shares of Silicon Laboratories by 15.8% during the 3rd quarter. Signaturefd LLC now owns 373 shares of the semiconductor company’s stock valued at $83,000 after acquiring an additional 51 shares in the last quarter.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Silicon Laboratories in a research report on Monday, September 21st. Zacks Research upgraded Silicon Laboratories from a “strong sell” rating to a “hold” rating in a report on Monday, October 12th. Finally, Wall Street Zen raised Silicon Laboratories to a “hold” rating in a research report on Saturday, October 10th. Six investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $218.00.

Silicon Laboratories Stock Performance

Silicon Laboratories stock opened at $222.34 on Wednesday. The stock’s 50 day moving average price is $220.92 and its 200 day moving average price is $210.97. The firm has a market capitalization of $7.42 billion, a PE ratio of -188.42 and a beta of 1.20. Silicon Laboratories, Inc. has a one year low of $115.50 and a one year high of $223.50.

Silicon Laboratories (NASDAQ:SLAB) last released its quarterly earnings results on Tuesday, August 11th. The semiconductor company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. Silicon Laboratories had a negative return on equity of 0.66% and a negative net margin of 4.57%. The firm had revenue of $228.19 million during the quarter, compared to analysts’ expectations of $227.99 million. During the same quarter in the prior year, the business earned $0.11 EPS. Silicon Laboratories’s quarterly revenue was up 18.3% compared to the same quarter last year. On average, analysts forecast that Silicon Laboratories, Inc. will post 0.52 earnings per share for the current fiscal year.

Silicon Laboratories Company Profile

Silicon Laboratories Inc is a fabless semiconductor company that develops technologies for the Internet of Things (IoT). The company provides integrated circuits, wireless modules, software and development tools that help manufacturers connect, monitor and control devices used in residential, commercial and industrial applications.

Its product portfolio includes wireless system-on-chip devices and modules supporting technologies such as Bluetooth, Wi-Fi, Zigbee, Thread, Matter, Z-Wave and proprietary sub-GHz protocols.