Silicon Laboratories Inc. (NASDAQ:SLAB) Position Increased by Creative Planning

Creative Planning raised its holdings in shares of Silicon Laboratories Inc. (NASDAQ:SLAB) by 116.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,985 shares of the semiconductor company’s stock after purchasing an additional 4,289 shares during the period. Creative Planning’s holdings in Silicon Laboratories were worth $923,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Procyon Advisors LLC increased its holdings in shares of Silicon Laboratories by 44.9% in the 3rd quarter. Procyon Advisors LLC now owns 3,043 shares of the semiconductor company’s stock worth $352,000 after acquiring an additional 943 shares during the period. Inspire Investing LLC increased its holdings in shares of Silicon Laboratories by 12.8% in the 3rd quarter. Inspire Investing LLC now owns 3,580 shares of the semiconductor company’s stock worth $414,000 after acquiring an additional 405 shares during the period. CWM LLC increased its holdings in shares of Silicon Laboratories by 21.8% in the 3rd quarter. CWM LLC now owns 10,270 shares of the semiconductor company’s stock worth $1,187,000 after acquiring an additional 1,835 shares during the period. GAMMA Investing LLC increased its holdings in shares of Silicon Laboratories by 84.1% in the 3rd quarter. GAMMA Investing LLC now owns 497 shares of the semiconductor company’s stock worth $57,000 after acquiring an additional 227 shares during the period. Finally, Handelsbanken Fonder AB increased its stake in Silicon Laboratories by 41.0% during the 3rd quarter. Handelsbanken Fonder AB now owns 9,637 shares of the semiconductor company’s stock valued at $1,114,000 after buying an additional 2,800 shares during the period.

Silicon Laboratories Trading Up 2.3 %

NASDAQ:SLAB opened at $106.23 on Friday. Silicon Laboratories Inc. has a twelve month low of $84.08 and a twelve month high of $154.91. The company has a 50-day moving average of $112.84 and a 200-day moving average of $115.75. The firm has a market cap of $3.43 billion, a price-to-earnings ratio of -17.13 and a beta of 1.19.

Analyst Ratings Changes

Several equities analysts have commented on SLAB shares. StockNews.com raised shares of Silicon Laboratories to a “sell” rating in a research note on Wednesday. Needham & Company LLC reissued a “buy” rating and set a $150.00 target price on shares of Silicon Laboratories in a research note on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $138.57.

Insider Activity

In other Silicon Laboratories news, SVP Brandon Tolany sold 845 shares of the firm’s stock in a transaction dated 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 directly owns 43,615 shares in the company, valued at $5,015,725. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.72% of the company’s stock.

About Silicon Laboratories

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.