Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB – Free Report) by 122.1% in the first quarter, HoldingsChannel.com reports. The fund owned 18,257 shares of the semiconductor company’s stock after purchasing an additional 10,036 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Silicon Laboratories were worth $3,800,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of SLAB. Vident Advisory LLC increased its stake in Silicon Laboratories by 2.5% during the fourth quarter. Vident Advisory LLC now owns 3,018 shares of the semiconductor company’s stock worth $394,000 after purchasing an additional 74 shares during the period. Bank of Montreal Can lifted its position in shares of Silicon Laboratories by 2.9% during the fourth quarter. Bank of Montreal Can now owns 3,355 shares of the semiconductor company’s stock worth $438,000 after purchasing an additional 96 shares in the last quarter. Inspire Investing LLC boosted its stake in shares of Silicon Laboratories by 3.1% in the fourth quarter. Inspire Investing LLC now owns 3,585 shares of the semiconductor company’s stock valued at $469,000 after purchasing an additional 109 shares during the period. Global Retirement Partners LLC grew its holdings in shares of Silicon Laboratories by 37.3% in the fourth quarter. Global Retirement Partners LLC now owns 497 shares of the semiconductor company’s stock valued at $65,000 after purchasing an additional 135 shares in the last quarter. Finally, Van Berkom & Associates Inc. grew its holdings in shares of Silicon Laboratories by 1.4% in the fourth quarter. Van Berkom & Associates Inc. now owns 10,013 shares of the semiconductor company’s stock valued at $1,309,000 after purchasing an additional 140 shares in the last quarter.
Silicon Laboratories Price Performance
SLAB opened at $218.19 on Thursday. The business has a fifty day moving average price of $218.21 and a 200 day moving average price of $198.76. Silicon Laboratories, Inc. has a 12 month low of $115.50 and a 12 month high of $220.90. The stock has a market capitalization of $7.20 billion, a price-to-earnings ratio of -142.61 and a beta of 1.36.
Insider Buying and Selling at Silicon Laboratories
In related news, CEO Robert Matthew Johnson sold 8,024 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $216.83, for a total transaction of $1,739,843.92. Following the sale, the chief executive officer directly owned 80,519 shares in the company, valued at approximately $17,458,934.77. This represents a 9.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.60% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Silicon Laboratories in a research note on Wednesday, June 24th. One analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $170.00.
Get Our Latest Report on Silicon Laboratories
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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