Natixis Advisors LLC Has $1.39 Million Stake in Silicon Laboratories Inc. (NASDAQ:SLAB)

Natixis Advisors LLC lifted its holdings in Silicon Laboratories Inc. (NASDAQ:SLAB) by 6.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,050 shares of the semiconductor company’s stock after acquiring an additional 708 shares during the quarter. Natixis Advisors LLC’s holdings in Silicon Laboratories were worth $1,393,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Clearbridge Investments LLC boosted its stake in Silicon Laboratories by 84.0% in the second quarter. Clearbridge Investments LLC now owns 273,776 shares of the semiconductor company’s stock worth $30,288,000 after purchasing an additional 125,022 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Silicon Laboratories by 29.5% in the second quarter. American Century Companies Inc. now owns 316,407 shares of the semiconductor company’s stock valued at $35,004,000 after buying an additional 72,138 shares during the last quarter. Van Berkom & Associates Inc. grew its holdings in Silicon Laboratories by 8.4% during the 2nd quarter. Van Berkom & Associates Inc. now owns 609,232 shares of the semiconductor company’s stock worth $67,399,000 after acquiring an additional 47,058 shares during the last quarter. Davidson Investment Advisors grew its holdings in Silicon Laboratories by 36.7% during the 2nd quarter. Davidson Investment Advisors now owns 131,453 shares of the semiconductor company’s stock worth $14,543,000 after acquiring an additional 35,317 shares during the last quarter. Finally, Schwartz Investment Counsel Inc. grew its holdings in Silicon Laboratories by 17.9% during the 3rd quarter. Schwartz Investment Counsel Inc. now owns 230,000 shares of the semiconductor company’s stock worth $26,581,000 after acquiring an additional 35,000 shares during the last quarter.

Silicon Laboratories Trading Down 4.0 %

NASDAQ SLAB opened at $107.63 on Wednesday. Silicon Laboratories Inc. has a 12 month low of $94.00 and a 12 month high of $154.91. The stock has a 50-day simple moving average of $111.17 and a 200 day simple moving average of $113.90. The company has a market capitalization of $3.49 billion, a PE ratio of -14.54 and a beta of 1.20.

Silicon Laboratories (NASDAQ:SLAB) last announced its quarterly earnings results on Monday, November 4th. The semiconductor company reported ($0.13) EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.07. Silicon Laboratories had a negative return on equity of 12.60% and a negative net margin of 46.93%. The company had revenue of $166.00 million during the quarter, compared to analysts’ expectations of $165.50 million. During the same period in the prior year, the business posted $0.48 EPS. Silicon Laboratories’s revenue was down 18.5% on a year-over-year basis. As a group, sell-side analysts predict that Silicon Laboratories Inc. will post -3.56 earnings per share for the current fiscal year.

Analyst Ratings Changes

SLAB has been the topic of a number of research reports. StockNews.com upgraded shares of Silicon Laboratories to a “sell” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. reduced their price objective on Silicon Laboratories from $150.00 to $135.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Morgan Stanley decreased their price objective on Silicon Laboratories from $123.00 to $97.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 5th. Barclays dropped their target price on Silicon Laboratories from $120.00 to $75.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 5th. Finally, KeyCorp decreased their price target on Silicon Laboratories from $150.00 to $115.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Silicon Laboratories currently has an average rating of “Hold” and a consensus price target of $121.50.

Insider Buying and Selling at Silicon Laboratories

In other news, SVP Brandon Tolany sold 845 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $115.00, for a total value of $97,175.00. Following the completion of the transaction, the senior vice president now owns 43,615 shares of the company’s stock, valued at $5,015,725. The trade was a 1.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.72% of the company’s stock.

Silicon Laboratories Company 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.