First Mercantile Trust Co. Grows Stake in Silicon Laboratories (SLAB)

First Mercantile Trust Co. increased its position in shares of Silicon Laboratories (NASDAQ:SLAB) by 13.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,884 shares of the semiconductor company’s stock after acquiring an additional 593 shares during the quarter. First Mercantile Trust Co.’s holdings in Silicon Laboratories were worth $431,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SLAB. Vanguard Group Inc. boosted its position in Silicon Laboratories by 4.7% during the second quarter. Vanguard Group Inc. now owns 3,446,677 shares of the semiconductor company’s stock worth $235,581,000 after acquiring an additional 154,654 shares during the last quarter. TCW Group Inc. boosted its position in Silicon Laboratories by 164.9% during the third quarter. TCW Group Inc. now owns 229,473 shares of the semiconductor company’s stock worth $18,335,000 after acquiring an additional 142,832 shares during the last quarter. Cortina Asset Management LLC boosted its position in Silicon Laboratories by 49.9% during the third quarter. Cortina Asset Management LLC now owns 312,353 shares of the semiconductor company’s stock worth $24,957,000 after acquiring an additional 103,956 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Silicon Laboratories by 9.4% during the third quarter. Bank of New York Mellon Corp now owns 920,839 shares of the semiconductor company’s stock worth $73,574,000 after acquiring an additional 79,247 shares during the last quarter. Finally, State Street Corp boosted its position in Silicon Laboratories by 5.1% during the second quarter. State Street Corp now owns 1,520,505 shares of the semiconductor company’s stock worth $103,925,000 after acquiring an additional 74,439 shares during the last quarter. Hedge funds and other institutional investors own 90.02% of the company’s stock.

A number of analysts recently issued reports on SLAB shares. B. Riley raised their target price on shares of Silicon Laboratories from $90.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Drexel Hamilton restated a “buy” rating and set a $111.00 target price (up previously from $103.00) on shares of Silicon Laboratories in a research report on Wednesday, January 31st. Stifel Nicolaus restated a “buy” rating and set a $108.00 target price (up previously from $100.00) on shares of Silicon Laboratories in a research report on Thursday, January 18th. BidaskClub lowered shares of Silicon Laboratories from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. Finally, Zacks Investment Research upgraded shares of Silicon Laboratories from a “hold” rating to a “buy” rating and set a $98.00 target price on the stock in a research report on Saturday, October 14th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $102.89.

In other Silicon Laboratories news, Director William G. Bock sold 2,500 shares of Silicon Laboratories stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $89.24, for a total value of $223,100.00. Following the transaction, the director now owns 43,426 shares in the company, valued at approximately $3,875,336.24. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Brandon Tolany sold 18,235 shares of Silicon Laboratories stock in a transaction on Monday, January 29th. The shares were sold at an average price of $95.00, for a total transaction of $1,732,325.00. Following the completion of the transaction, the senior vice president now owns 69,501 shares in the company, valued at approximately $6,602,595. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,866 shares of company stock worth $2,425,025. 34.82% of the stock is owned by company insiders.

Silicon Laboratories (NASDAQ SLAB) opened at $88.30 on Friday. The firm has a market cap of $3,771.20, a price-to-earnings ratio of 37.74, a price-to-earnings-growth ratio of 2.34 and a beta of 1.41. Silicon Laboratories has a 1-year low of $66.35 and a 1-year high of $100.00. The company has a quick ratio of 5.39, a current ratio of 5.84 and a debt-to-equity ratio of 0.36.

Silicon Laboratories (NASDAQ:SLAB) last announced its quarterly earnings results on Wednesday, January 31st. The semiconductor company reported $0.93 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.07. The company had revenue of $201.02 million for the quarter, compared to analyst estimates of $197.93 million. Silicon Laboratories had a net margin of 6.12% and a return on equity of 11.11%. Silicon Laboratories’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter last year, the business earned $0.75 EPS. equities research analysts expect that Silicon Laboratories will post 2.52 earnings per share for the current year.

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Silicon Laboratories Company Profile

Silicon Laboratories Inc is a provider of silicon, software and solutions for the Internet of Things (IoT), Internet infrastructure, industrial, consumer and automotive markets. The Company operates through mixed-signal analog intensive products segment. It provides analog-intensive, mixed-signal solutions for use in a range of electronic products in various applications for the IoT market.

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Institutional Ownership by Quarter for Silicon Laboratories (NASDAQ:SLAB)

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