Inspire Investing LLC Buys 405 Shares of Silicon Laboratories Inc. (NASDAQ:SLAB)

Inspire Investing LLC increased its holdings in shares of Silicon Laboratories Inc. (NASDAQ:SLAB) by 12.8% during the third quarter, Holdings Channel.com reports. The firm owned 3,580 shares of the semiconductor company’s stock after buying an additional 405 shares during the period. Inspire Investing LLC’s holdings in Silicon Laboratories were worth $414,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SLAB. Fisher Asset Management LLC boosted its stake in shares of Silicon Laboratories by 2.3% during the fourth quarter. Fisher Asset Management LLC now owns 37,239 shares of the semiconductor company’s stock valued at $4,926,000 after purchasing an additional 834 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Silicon Laboratories by 5.5% during the fourth quarter. Vanguard Group Inc. now owns 3,464,163 shares of the semiconductor company’s stock valued at $458,205,000 after purchasing an additional 179,131 shares in the last quarter. Mather Group LLC. bought a new position in shares of Silicon Laboratories during the first quarter valued at approximately $63,000. Cooper Financial Group boosted its stake in shares of Silicon Laboratories by 17.5% during the first quarter. Cooper Financial Group now owns 3,359 shares of the semiconductor company’s stock valued at $483,000 after purchasing an additional 501 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Silicon Laboratories by 12.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 62,397 shares of the semiconductor company’s stock valued at $8,968,000 after purchasing an additional 7,081 shares in the last quarter.

Silicon Laboratories Trading Up 1.0 %

NASDAQ:SLAB opened at $115.27 on Thursday. Silicon Laboratories Inc. has a 12 month low of $74.56 and a 12 month high of $154.91. The firm has a fifty day simple moving average of $111.18 and a 200-day simple moving average of $117.29. The company has a market capitalization of $3.68 billion, a P/E ratio of -34.82 and a beta of 1.19.

Silicon Laboratories (NASDAQ:SLAB) last posted its quarterly earnings data on Wednesday, July 24th. The semiconductor company reported ($0.56) EPS for the quarter, topping the consensus estimate of ($0.64) by $0.08. Silicon Laboratories had a negative net margin of 36.53% and a negative return on equity of 9.13%. The business had revenue of $145.40 million during the quarter, compared to the consensus estimate of $140.18 million. During the same period in the previous year, the firm posted $0.59 earnings per share. The business’s revenue for the quarter was down 40.6% compared to the same quarter last year. Equities analysts forecast that Silicon Laboratories Inc. will post -3.41 EPS for the current year.

Insider Transactions at Silicon Laboratories

In other news, SVP Brandon Tolany sold 845 shares of Silicon Laboratories stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $115.00, for a total transaction of $97,175.00. Following the completion of the sale, the senior vice president now directly owns 43,615 shares in the company, valued at approximately $5,015,725. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.72% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on SLAB shares. StockNews.com upgraded shares of Silicon Laboratories to a “sell” rating in a research note on Tuesday, July 23rd. Needham & Company LLC restated a “buy” rating and issued a $150.00 target price on shares of Silicon Laboratories in a research note on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $135.00.

Silicon Laboratories 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.