Mint Tower Capital Management B.V. bought a new position in Silicon Laboratories, Inc. (NASDAQ:SLAB – Free Report) during the 2nd quarter, HoldingsChannel reports. The fund bought 3,000 shares of the semiconductor company’s stock, valued at approximately $656,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vident Advisory LLC raised its holdings in Silicon Laboratories by 2.5% in the 4th quarter. Vident Advisory LLC now owns 3,018 shares of the semiconductor company’s stock worth $394,000 after acquiring an additional 74 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Silicon Laboratories by 66.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 225 shares of the semiconductor company’s stock valued at $47,000 after acquiring an additional 90 shares in the last quarter. Bank of Montreal Can boosted its stake in Silicon Laboratories by 2.9% during the 4th quarter. Bank of Montreal Can now owns 3,355 shares of the semiconductor company’s stock valued at $438,000 after purchasing an additional 96 shares during the last quarter. State of Michigan Retirement System increased its holdings in shares of Silicon Laboratories by 1.3% in the 1st quarter. State of Michigan Retirement System now owns 7,897 shares of the semiconductor company’s stock worth $1,644,000 after purchasing an additional 100 shares in the last quarter. Finally, Inspire Investing LLC increased its holdings in shares of Silicon Laboratories by 3.1% in the 4th quarter. Inspire Investing LLC now owns 3,585 shares of the semiconductor company’s stock worth $469,000 after purchasing an additional 109 shares in the last quarter.
Silicon Laboratories Price Performance
SLAB stock opened at $218.54 on Friday. Silicon Laboratories, Inc. has a 1 year low of $115.50 and a 1 year high of $220.90. The company has a market cap of $7.29 billion, a P/E ratio of -185.20 and a beta of 1.37. The stock’s fifty day moving average price is $218.19 and its 200-day moving average price is $213.91.
Analysts Set New Price Targets
Several research firms recently commented on SLAB. Weiss Ratings reiterated a “sell (d-)” rating on shares of Silicon Laboratories in a report on Wednesday, June 24th. Zacks Research cut shares of Silicon Laboratories from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 18th. Five research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $218.00.
Check Out Our Latest Report on SLAB
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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