OLD National Bancorp IN Purchases Shares of 1,911 Silicon Laboratories Inc. (NASDAQ:SLAB)

OLD National Bancorp IN purchased a new stake in shares of Silicon Laboratories Inc. (NASDAQ:SLAB) in the 4th quarter, Holdings Channel reports. The fund purchased 1,911 shares of the semiconductor company’s stock, valued at approximately $253,000.

Several other hedge funds have also added to or reduced their stakes in SLAB. Venturi Wealth Management LLC acquired a new stake in Silicon Laboratories during the 3rd quarter valued at $30,000. CWM LLC lifted its holdings in Silicon Laboratories by 78.1% during the 4th quarter. CWM LLC now owns 374 shares of the semiconductor company’s stock valued at $49,000 after purchasing an additional 164 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in Silicon Laboratories by 31.7% during the 3rd quarter. Global Retirement Partners LLC now owns 507 shares of the semiconductor company’s stock valued at $58,000 after purchasing an additional 122 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new stake in Silicon Laboratories during the 3rd quarter valued at $61,000. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of Silicon Laboratories by 20.0% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 733 shares of the semiconductor company’s stock worth $85,000 after buying an additional 122 shares in the last quarter.

Silicon Laboratories Stock Up 4.1 %

SLAB stock opened at $118.93 on Friday. The business has a 50-day simple moving average of $134.38 and a 200 day simple moving average of $122.12. Silicon Laboratories Inc. has a 52 week low of $74.56 and a 52 week high of $166.94.

Silicon Laboratories (NASDAQ:SLAB) last released its earnings results on Wednesday, April 24th. The semiconductor company reported ($1.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.29) by ($0.05). Silicon Laboratories had a negative net margin of 16.36% and a negative return on equity of 4.45%. The business had revenue of $106.38 million during the quarter, compared to the consensus estimate of $104.45 million. As a group, research analysts forecast that Silicon Laboratories Inc. will post -1.66 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Barclays dropped their target price on Silicon Laboratories from $140.00 to $120.00 and set an “equal weight” rating for the company in a report on Thursday. StockNews.com downgraded Silicon Laboratories from a “hold” rating to a “sell” rating in a report on Friday, December 29th. Summit Insights downgraded Silicon Laboratories from a “buy” rating to a “hold” rating in a report on Wednesday. Stifel Nicolaus lifted their target price on Silicon Laboratories from $136.00 to $155.00 and gave the stock a “buy” rating in a report on Tuesday, January 2nd. Finally, TD Cowen dropped their target price on Silicon Laboratories from $155.00 to $145.00 and set a “buy” rating for the company in a report on Thursday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Silicon Laboratories currently has an average rating of “Hold” and an average price target of $135.00.

Silicon Laboratories Profile

Silicon Laboratories Inc, a fabless semiconductor company, provides various analog-intensive mixed-signal solutions in the United States, China, Taiwan, and internationally. The company's products include wireless microcontrollers and sensor products. Its products are used in various electronic products in a range of applications for the industrial Internet of Things (IoT), including industrial automation and control, smart buildings, access control, HVAC control, and industrial wearables and power tools; smart cities applications, such as smart metering, smart street lighting, renewable energy, electric vehicle supply equipment, and smart agriculture; commercial IoT applications, including smart lighting, asset tracking, electronic shelf labels, theft protection, and enterprise access points; smart home applications, comprising home automation/security systems, smart speakers, smart lighting, HVAC control, smart cameras, smart appliances, smart home sensing, smart locks, and window/blind controls; and connected health applications, including diabetes management, consumer health and fitness, elderly care, patient monitoring, and activity tracking; as well as in commercial building automation, consumer electronics, and medical instrumentation.