Silicon Laboratories Inc. (NASDAQ:SLAB) Shares Acquired by Venturi Wealth Management LLC

Venturi Wealth Management LLC increased its holdings in shares of Silicon Laboratories Inc. (NASDAQ:SLAB) by 207.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 786 shares of the semiconductor company’s stock after purchasing an additional 530 shares during the quarter. Venturi Wealth Management LLC’s holdings in Silicon Laboratories were worth $98,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Advisors Asset Management Inc. boosted its position in shares of Silicon Laboratories by 159.4% in the third quarter. Advisors Asset Management Inc. now owns 275 shares of the semiconductor company’s stock worth $32,000 after buying an additional 169 shares during the period. International Assets Investment Management LLC lifted its position in Silicon Laboratories by 11,457.1% during the 3rd quarter. International Assets Investment Management LLC now owns 809 shares of the semiconductor company’s stock worth $93,000 after acquiring an additional 802 shares in the last quarter. Asset Management One Co. Ltd. purchased a new position in Silicon Laboratories in the 4th quarter worth approximately $117,000. KBC Group NV grew its position in Silicon Laboratories by 42.1% in the fourth quarter. KBC Group NV now owns 1,279 shares of the semiconductor company’s stock valued at $159,000 after acquiring an additional 379 shares in the last quarter. Finally, Van ECK Associates Corp purchased a new stake in shares of Silicon Laboratories during the third quarter valued at approximately $189,000.

Insider Transactions at Silicon Laboratories

In related news, Director Navdeep S. Sooch sold 2,360 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $149.00, for a total transaction of $351,640.00. Following the sale, the director now owns 400,567 shares of the company’s stock, valued at $59,684,483. The trade was a 0.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William G. Bock sold 2,000 shares of the stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $140.77, for a total value of $281,540.00. Following the transaction, the director now directly owns 32,115 shares of the company’s stock, valued at approximately $4,520,828.55. The trade was a 5.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 5,360 shares of company stock valued at $782,610. Company insiders own 1.72% of the company’s stock.

Silicon Laboratories Price Performance

Shares of SLAB stock opened at $155.33 on Monday. Silicon Laboratories Inc. has a 12-month low of $94.00 and a 12-month high of $160.00. The firm has a market capitalization of $5.04 billion, a price-to-earnings ratio of -26.15 and a beta of 1.16. The business has a 50 day simple moving average of $136.14 and a 200 day simple moving average of $120.07.

Silicon Laboratories (NASDAQ:SLAB) last issued its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported ($0.11) EPS for the quarter, meeting analysts’ consensus estimates of ($0.11). The company had revenue of $166.25 million for the quarter, compared to analyst estimates of $166.09 million. Silicon Laboratories had a negative return on equity of 10.46% and a negative net margin of 32.69%. The company’s quarterly revenue was up 91.4% compared to the same quarter last year. During the same period last year, the company earned ($1.19) earnings per share. On average, equities analysts anticipate that Silicon Laboratories Inc. will post -0.97 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on SLAB shares. Stifel Nicolaus raised their price target on shares of Silicon Laboratories from $135.00 to $145.00 and gave the company a “buy” rating in a report on Monday, January 6th. Susquehanna assumed coverage on Silicon Laboratories in a research note on Tuesday, December 17th. They set a “neutral” rating and a $130.00 target price for the company. JPMorgan Chase & Co. cut their price target on Silicon Laboratories from $150.00 to $135.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Morgan Stanley lowered their price objective on Silicon Laboratories from $123.00 to $97.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 5th. Finally, Barclays upped their target price on Silicon Laboratories from $75.00 to $120.00 and gave the company an “equal weight” rating in a research report on Friday, January 17th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Silicon Laboratories currently has a consensus rating of “Hold” and an average target price of $136.20.

Silicon Laboratories Company 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.