Thrivent Financial for Lutherans grew its position in Silicon Laboratories, Inc. (NASDAQ:SLAB – Free Report) by 312.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 467,958 shares of the semiconductor company’s stock after buying an additional 354,621 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Silicon Laboratories were worth $61,162,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. UMB Bank n.a. grew its stake in Silicon Laboratories by 43.9% during the 3rd quarter. UMB Bank n.a. now owns 282 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 86 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Silicon Laboratories by 45.7% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 274 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 86 shares in the last quarter. Van Berkom & Associates Inc. grew its stake in Silicon Laboratories by 1.4% during the 4th quarter. Van Berkom & Associates Inc. now owns 10,013 shares of the semiconductor company’s stock worth $1,309,000 after purchasing an additional 140 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Silicon Laboratories by 3.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,284 shares of the semiconductor company’s stock worth $560,000 after purchasing an additional 142 shares in the last quarter. Finally, Arizona State Retirement System grew its stake in Silicon Laboratories by 1.6% during the 3rd quarter. Arizona State Retirement System now owns 9,627 shares of the semiconductor company’s stock worth $1,262,000 after purchasing an additional 153 shares in the last quarter.
Silicon Laboratories Stock Performance
NASDAQ:SLAB opened at $216.59 on Friday. The stock has a 50-day simple moving average of $210.51 and a 200-day simple moving average of $171.86. The stock has a market cap of $7.14 billion, a P/E ratio of -141.56 and a beta of 1.40. Silicon Laboratories, Inc. has a 1 year low of $115.50 and a 1 year high of $218.68.
Analysts Set New Price Targets
Several research analysts recently commented on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Silicon Laboratories in a research note on Friday, March 27th. Needham & Company LLC cut Silicon Laboratories from a “buy” rating to a “hold” rating in a research note on Wednesday, February 4th. Citigroup boosted their target price on Silicon Laboratories from $135.00 to $231.00 and gave the stock a “neutral” rating in a research note on Friday, February 6th. KeyCorp cut Silicon Laboratories from an “overweight” rating to a “hold” rating in a research note on Wednesday, February 4th. Finally, Benchmark cut Silicon Laboratories from a “buy” rating to a “hold” rating in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $170.00.
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.
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