Candriam Luxembourg S.C.A. Raises Stake in Silicon Laboratories, Inc. (SLAB)

Candriam Luxembourg S.C.A. boosted its position in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB) by 5.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 51,438 shares of the semiconductor company’s stock after buying an additional 2,787 shares during the period. Candriam Luxembourg S.C.A. owned about 0.12% of Silicon Laboratories worth $3,516,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SLAB. Northwestern Mutual Investment Management Company LLC raised its position in Silicon Laboratories by 0.3% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 7,219 shares of the semiconductor company’s stock worth $531,000 after buying an additional 24 shares during the period. Bronfman E.L. Rothschild L.P. raised its position in Silicon Laboratories by 3.0% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,685 shares of the semiconductor company’s stock worth $124,000 after buying an additional 49 shares during the period. Victory Capital Management Inc. raised its position in Silicon Laboratories by 0.5% in the first quarter. Victory Capital Management Inc. now owns 26,441 shares of the semiconductor company’s stock worth $1,945,000 after buying an additional 125 shares during the period. Advantus Capital Management Inc raised its position in Silicon Laboratories by 3.4% in the first quarter. Advantus Capital Management Inc now owns 5,363 shares of the semiconductor company’s stock worth $394,000 after buying an additional 175 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its position in Silicon Laboratories by 1.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 14,656 shares of the semiconductor company’s stock worth $1,078,000 after buying an additional 200 shares during the period. Hedge funds and other institutional investors own 89.04% of the company’s stock.

Shares of Silicon Laboratories, Inc. (SLAB) traded down 0.20% on Friday, reaching $73.40. 140,322 shares of the company were exchanged. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of 43.77 and a beta of 1.25. The firm’s 50 day moving average price is $72.41 and its 200 day moving average price is $72.12. Silicon Laboratories, Inc. has a 52 week low of $54.19 and a 52 week high of $79.15.

Silicon Laboratories (NASDAQ:SLAB) last released its earnings results on Wednesday, July 26th. The semiconductor company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.08. The company had revenue of $190.10 million for the quarter, compared to the consensus estimate of $186.46 million. Silicon Laboratories had a net margin of 9.88% and a return on equity of 11.15%. Silicon Laboratories’s revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.75 EPS. Equities research analysts anticipate that Silicon Laboratories, Inc. will post $3.06 EPS for the current year.

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A number of research firms have recently commented on SLAB. BidaskClub lowered shares of Silicon Laboratories from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 16th. B. Riley reaffirmed a “buy” rating and set a $81.00 price objective on shares of Silicon Laboratories in a report on Tuesday, May 2nd. Drexel Hamilton reaffirmed a “buy” rating and set a $85.00 price objective (up from $80.00) on shares of Silicon Laboratories in a report on Saturday, April 29th. Canaccord Genuity reaffirmed a “buy” rating and set a $83.00 price objective on shares of Silicon Laboratories in a report on Thursday, April 27th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $85.00 price objective (up from $82.00) on shares of Silicon Laboratories in a report on Thursday, July 27th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Silicon Laboratories currently has an average rating of “Buy” and an average price target of $80.70.

In other Silicon Laboratories news, CEO George Tyson Tuttle sold 75,000 shares of Silicon Laboratories stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $74.89, for a total transaction of $5,616,750.00. Following the completion of the sale, the chief executive officer now directly owns 208,592 shares in the company, valued at approximately $15,621,454.88. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO John C. Hollister sold 2,000 shares of Silicon Laboratories stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $73.30, for a total transaction of $146,600.00. Following the sale, the chief financial officer now owns 68,767 shares of the company’s stock, valued at $5,040,621.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 101,000 shares of company stock worth $7,515,875. 34.82% of the stock is owned by insiders.

Silicon Laboratories Company Profile

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.

Institutional Ownership by Quarter for Silicon Laboratories (NASDAQ:SLAB)

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