Alps Advisors Inc. Purchases Shares of 2,744 Silicon Laboratories (SLAB)

Alps Advisors Inc. acquired a new position in shares of Silicon Laboratories (NASDAQ:SLAB) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,744 shares of the semiconductor company’s stock, valued at approximately $273,000.

Several other large investors also recently bought and sold shares of the company. Louisiana State Employees Retirement System boosted its position in Silicon Laboratories by 4.5% in the second quarter. Louisiana State Employees Retirement System now owns 11,700 shares of the semiconductor company’s stock valued at $1,165,000 after buying an additional 500 shares in the last quarter. Denver Investment Advisors LLC boosted its position in Silicon Laboratories by 6.6% in the first quarter. Denver Investment Advisors LLC now owns 10,851 shares of the semiconductor company’s stock valued at $976,000 after buying an additional 676 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in Silicon Laboratories by 2.9% in the first quarter. Great West Life Assurance Co. Can now owns 24,852 shares of the semiconductor company’s stock valued at $2,235,000 after buying an additional 700 shares in the last quarter. Suntrust Banks Inc. boosted its position in Silicon Laboratories by 3.2% in the first quarter. Suntrust Banks Inc. now owns 23,627 shares of the semiconductor company’s stock valued at $2,123,000 after buying an additional 732 shares in the last quarter. Finally, Retirement Systems of Alabama boosted its position in Silicon Laboratories by 0.7% in the second quarter. Retirement Systems of Alabama now owns 110,104 shares of the semiconductor company’s stock valued at $10,966,000 after buying an additional 743 shares in the last quarter. Institutional investors own 91.44% of the company’s stock.

Shares of SLAB stock traded down $2.61 during trading hours on Friday, reaching $85.85. 398,139 shares of the company were exchanged, compared to its average volume of 255,104. Silicon Laboratories has a fifty-two week low of $82.55 and a fifty-two week high of $110.70. The firm has a market capitalization of $3.98 billion, a price-to-earnings ratio of 36.53, a PEG ratio of 2.20 and a beta of 1.50. The company has a current ratio of 5.58, a quick ratio of 4.95 and a debt-to-equity ratio of 0.34.

Silicon Laboratories (NASDAQ:SLAB) last announced its earnings results on Wednesday, July 25th. The semiconductor company reported $0.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.08. Silicon Laboratories had a net margin of 6.78% and a return on equity of 11.90%. The company had revenue of $217.10 million for the quarter, compared to analyst estimates of $214.24 million. During the same period in the prior year, the business earned $0.79 earnings per share. Silicon Laboratories’s quarterly revenue was up 14.2% on a year-over-year basis. On average, equities research analysts forecast that Silicon Laboratories will post 2.78 earnings per share for the current fiscal year.

A number of equities analysts have commented on the stock. ValuEngine lowered shares of Silicon Laboratories from a “buy” rating to a “hold” rating in a research report on Thursday, September 27th. BidaskClub lowered shares of Silicon Laboratories from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 22nd. Zacks Investment Research lowered shares of Silicon Laboratories from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 27th. Roth Capital boosted their price target on shares of Silicon Laboratories from $110.00 to $125.00 and gave the company a “buy” rating in a research report on Monday, June 11th. Finally, Stifel Nicolaus boosted their price target on shares of Silicon Laboratories from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, June 15th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $112.73.

In related news, Director William G. Bock sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $94.50, for a total transaction of $94,500.00. Following the completion of the sale, the director now directly owns 40,751 shares of the company’s stock, valued at $3,850,969.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Alessandro Piovaccari sold 1,405 shares of the business’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $92.90, for a total transaction of $130,524.50. Following the sale, the senior vice president now directly owns 29,669 shares of the company’s stock, valued at $2,756,250.10. The disclosure for this sale can be found here. Insiders have sold 11,422 shares of company stock worth $1,101,564 over the last quarter. 1.96% of the stock is owned by company insiders.

About Silicon Laboratories

Silicon Laboratories Inc, a fabless semiconductor company, designs, develops, and markets mixed-signal integrated circuits (ICs) in the United States, China, and internationally. The company offers Internet of things products, such as 8-bit mixed-signal, 32-bit wireless, and ultra-low-power 32-bit microcontrollers; wireless connectivity devices, including multiprotocol wireless Gecko system-on-chip devices; real-time operating systems; sensor products comprising optical, relative humidity/temperature, and hall effect magnetic sensors.

Featured Story: Short Selling Stocks, A Beginner’s Guide

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

Receive News & Ratings for Silicon Laboratories Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Silicon Laboratories and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply