Natixis Invests $647,000 in Silicon Laboratories Inc. (NASDAQ:SLAB)

Natixis bought a new stake in Silicon Laboratories Inc. (NASDAQ:SLAB) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,500 shares of the semiconductor company’s stock, valued at approximately $647,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pathstone Holdings LLC acquired a new stake in Silicon Laboratories in the fourth quarter valued at $58,205,000. Capital Research Global Investors increased its holdings in shares of Silicon Laboratories by 73.9% during the 4th quarter. Capital Research Global Investors now owns 937,939 shares of the semiconductor company’s stock worth $124,061,000 after acquiring an additional 398,489 shares during the last quarter. Norges Bank bought a new stake in Silicon Laboratories in the 4th quarter valued at $28,907,000. Vanguard Group Inc. lifted its holdings in Silicon Laboratories by 5.5% during the 4th quarter. Vanguard Group Inc. now owns 3,464,163 shares of the semiconductor company’s stock valued at $458,205,000 after purchasing an additional 179,131 shares during the last quarter. Finally, Schwartz Investment Counsel Inc. lifted its holdings in Silicon Laboratories by 69.6% during the 4th quarter. Schwartz Investment Counsel Inc. now owns 195,000 shares of the semiconductor company’s stock valued at $25,793,000 after purchasing an additional 80,000 shares during the last quarter.

Wall Street Analyst Weigh In

SLAB has been the topic of several research analyst reports. JPMorgan Chase & Co. dropped their price objective on shares of Silicon Laboratories from $165.00 to $150.00 and set an “overweight” rating on the stock in a research report on Thursday, April 25th. Benchmark reiterated a “hold” rating on shares of Silicon Laboratories in a research note on Thursday, April 25th. Summit Insights lowered shares of Silicon Laboratories from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. Citigroup dropped their target price on shares of Silicon Laboratories from $137.00 to $120.00 and set a “neutral” rating for the company in a research report on Thursday, April 25th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $150.00 price target on shares of Silicon Laboratories in a research report on Thursday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $135.00.

Silicon Laboratories Trading Up 2.8 %

NASDAQ SLAB traded up $3.21 on Friday, hitting $119.82. 15,233 shares of the company were exchanged, compared to its average volume of 314,793. The company has a market cap of $3.82 billion, a PE ratio of -35.23 and a beta of 1.20. The stock has a fifty day moving average of $118.70 and a 200-day moving average of $126.53. Silicon Laboratories Inc. has a 12 month low of $74.56 and a 12 month high of $154.91.

Silicon Laboratories (NASDAQ:SLAB) last announced its earnings results on Wednesday, July 24th. The semiconductor company reported ($0.56) EPS for the quarter, beating the consensus estimate of ($0.64) by $0.08. Silicon Laboratories had a negative net margin of 36.53% and a negative return on equity of 9.13%. The company had revenue of $145.40 million during the quarter, compared to the consensus estimate of $140.18 million. During the same quarter in the prior year, the company posted $0.59 earnings per share. The firm’s revenue for the quarter was down 40.6% on a year-over-year basis. On average, analysts expect that Silicon Laboratories Inc. will post -3.21 earnings per share for the current year.

Insider Activity at Silicon Laboratories

In related news, CEO Robert Matthew Johnson sold 7,230 shares of Silicon Laboratories stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $123.80, for a total value of $895,074.00. Following the completion of the sale, the chief executive officer now owns 47,910 shares of the company’s stock, valued at approximately $5,931,258. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.72% of the stock is owned by company insiders.

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.