Silicon Laboratories Inc. (NASDAQ:SLAB) Shares Acquired by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC increased its position in Silicon Laboratories Inc. (NASDAQ:SLAB) by 102.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 31,275 shares of the semiconductor company’s stock after acquiring an additional 15,860 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Silicon Laboratories were worth $4,137,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of SLAB. Norges Bank acquired a new stake in shares of Silicon Laboratories in the 4th quarter worth approximately $34,161,000. Adage Capital Partners GP L.L.C. purchased a new stake in Silicon Laboratories in the 3rd quarter valued at approximately $24,453,000. Renaissance Technologies LLC lifted its stake in Silicon Laboratories by 338.0% in the 1st quarter. Renaissance Technologies LLC now owns 232,998 shares of the semiconductor company’s stock valued at $34,996,000 after buying an additional 179,800 shares in the last quarter. Van Berkom & Associates Inc. lifted its stake in Silicon Laboratories by 36.2% in the 3rd quarter. Van Berkom & Associates Inc. now owns 572,762 shares of the semiconductor company’s stock valued at $66,377,000 after buying an additional 152,269 shares in the last quarter. Finally, Cubist Systematic Strategies LLC lifted its stake in Silicon Laboratories by 601.7% in the 1st quarter. Cubist Systematic Strategies LLC now owns 154,600 shares of the semiconductor company’s stock valued at $27,069,000 after buying an additional 132,567 shares in the last quarter.

Silicon Laboratories Stock Down 2.0 %

Shares of Silicon Laboratories stock opened at $115.19 on Friday. Silicon Laboratories Inc. has a fifty-two week low of $74.56 and a fifty-two week high of $169.76. The firm has a market cap of $3.68 billion, a PE ratio of -101.94 and a beta of 1.27. The business’s fifty day moving average is $135.65 and its two-hundred day moving average is $121.94.

Silicon Laboratories (NASDAQ:SLAB) last issued its quarterly earnings results on Wednesday, February 7th. The semiconductor company reported ($1.46) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.91) by $0.45. The company had revenue of $86.85 million for the quarter, compared to analyst estimates of $85.32 million. Silicon Laboratories had a positive return on equity of 0.97% and a negative net margin of 4.41%. Equities research analysts anticipate that Silicon Laboratories Inc. will post -1.66 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on SLAB shares. TD Cowen upped their target price on Silicon Laboratories from $140.00 to $155.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Stifel Nicolaus upped their target price on Silicon Laboratories from $136.00 to $155.00 and gave the company a “buy” rating in a research note on Tuesday, January 2nd. Barclays upped their target price on Silicon Laboratories from $120.00 to $140.00 and gave the company an “equal weight” rating in a research note on Thursday, February 8th. StockNews.com lowered Silicon Laboratories from a “hold” rating to a “sell” rating in a research note on Friday, December 29th. Finally, JPMorgan Chase & Co. increased their price target on Silicon Laboratories from $145.00 to $165.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $143.29.

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.