Vanguard Group Inc. Purchases 121,432 Shares of Silicon Laboratories, Inc. $SLAB

Vanguard Group Inc. raised its position in Silicon Laboratories, Inc. (NASDAQ:SLAB) by 3.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,992,407 shares of the semiconductor company’s stock after purchasing an additional 121,432 shares during the period. Vanguard Group Inc. owned approximately 0.12% of Silicon Laboratories worth $521,808,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Silicon Laboratories by 15.2% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 37,526 shares of the semiconductor company’s stock valued at $4,905,000 after purchasing an additional 4,941 shares in the last quarter. Bayforest Capital Ltd increased its stake in Silicon Laboratories by 400.0% in the fourth quarter. Bayforest Capital Ltd now owns 680 shares of the semiconductor company’s stock valued at $89,000 after purchasing an additional 544 shares in the last quarter. First Horizon Corp increased its stake in Silicon Laboratories by 120.7% in the fourth quarter. First Horizon Corp now owns 596 shares of the semiconductor company’s stock valued at $78,000 after purchasing an additional 326 shares in the last quarter. Asset Management One Co. Ltd. increased its position in shares of Silicon Laboratories by 37.3% during the fourth quarter. Asset Management One Co. Ltd. now owns 1,326 shares of the semiconductor company’s stock worth $176,000 after acquiring an additional 360 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its position in shares of Silicon Laboratories by 22.1% during the fourth quarter. Harbor Capital Advisors Inc. now owns 11,537 shares of the semiconductor company’s stock worth $1,508,000 after acquiring an additional 2,090 shares in the last quarter.

Wall Street Analysts Forecast Growth

SLAB has been the subject of several research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Silicon Laboratories in a research report on Friday, March 27th. KeyCorp downgraded shares of Silicon Laboratories from an “overweight” rating to a “hold” rating in a research report on Wednesday, February 4th. Citigroup increased their price objective on shares of Silicon Laboratories from $135.00 to $231.00 and gave the stock a “neutral” rating in a research report on Friday, February 6th. Needham & Company LLC downgraded shares of Silicon Laboratories from a “buy” rating to a “hold” rating in a research report on Wednesday, February 4th. Finally, Royal Bank Of Canada increased their price objective on shares of Silicon Laboratories from $160.00 to $205.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 5th. One research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Silicon Laboratories currently has an average rating of “Hold” and a consensus price target of $167.78.

Silicon Laboratories Trading Down 0.6%

Shares of SLAB opened at $217.00 on Tuesday. Silicon Laboratories, Inc. has a 12 month low of $102.27 and a 12 month high of $218.46. The firm has a fifty day simple moving average of $208.19 and a 200 day simple moving average of $166.94. The stock has a market capitalization of $7.15 billion, a price-to-earnings ratio of -109.04 and a beta of 1.40.

Silicon Laboratories (NASDAQ:SLAB) last announced its earnings results on Wednesday, February 4th. The semiconductor company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.54 by $0.02. Silicon Laboratories had a negative net margin of 8.27% and a negative return on equity of 4.07%. The business had revenue of $208.21 million during the quarter, compared to analysts’ expectations of $207.63 million. During the same quarter in the prior year, the company posted ($0.11) earnings per share. The firm’s revenue was up 25.3% on a year-over-year basis. As a group, research analysts predict that Silicon Laboratories, Inc. will post 0.71 earnings per share for the current fiscal year.

About Silicon Laboratories

Silicon Laboratories (NASDAQ:SLAB) is a global semiconductor company that develops high-performance analog and mixed-signal integrated circuits, wireless system-on-chips (SoCs), microcontrollers, and radio frequency (RF) solutions. Its product portfolio is tailored to support the Internet of Things (IoT), infrastructure, industrial automation, consumer electronics, automotive, and energy markets. By combining silicon, software, and tools, Silicon Labs aims to accelerate development cycles and deliver low-power, highly integrated solutions that address demanding application requirements.

Founded in 1996 and headquartered in Austin, Texas, Silicon Labs has grown into a multinational organization with engineering and sales operations across North America, Europe, and Asia.