US Bancorp DE Has $219,000 Stake in Silicon Laboratories Inc. (NASDAQ:SLAB)

US Bancorp DE raised its position in Silicon Laboratories Inc. (NASDAQ:SLAB) by 14.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 1,892 shares of the semiconductor company’s stock after buying an additional 232 shares during the quarter. US Bancorp DE’s holdings in Silicon Laboratories were worth $219,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Cullen Frost Bankers Inc. bought a new position in shares of Silicon Laboratories in the second quarter valued at $28,000. GAMMA Investing LLC increased its position in Silicon Laboratories by 84.1% during the third 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. Daiwa Securities Group Inc. acquired a new stake in shares of Silicon Laboratories in the second quarter valued at approximately $60,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Silicon Laboratories in the second quarter valued at about $82,000. Finally, International Assets Investment Management LLC raised its position in Silicon Laboratories by 11,457.1% during the third quarter. International Assets Investment Management LLC now owns 809 shares of the semiconductor company’s stock valued at $93,000 after purchasing an additional 802 shares in the last quarter.

Insider Buying and Selling at Silicon Laboratories

In other news, SVP Brandon Tolany sold 845 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $115.00, for a total value of $97,175.00. Following the sale, the senior vice president now owns 43,615 shares of the company’s stock, valued at $5,015,725. The trade was a 1.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.72% of the company’s stock.

Silicon Laboratories Stock Performance

Silicon Laboratories stock opened at $104.86 on Friday. The stock has a market cap of $3.40 billion, a PE ratio of -14.17 and a beta of 1.20. The firm’s 50-day simple moving average is $111.77 and its 200 day simple moving average is $115.03. Silicon Laboratories Inc. has a fifty-two week low of $94.00 and a fifty-two week high of $154.91.

Silicon Laboratories (NASDAQ:SLAB) last posted its quarterly earnings results on Monday, November 4th. The semiconductor company reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.07. The company had revenue of $166.00 million during the quarter, compared to analyst estimates of $165.50 million. Silicon Laboratories had a negative net margin of 46.93% and a negative return on equity of 12.60%. The firm’s revenue for the quarter was down 18.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.48 earnings per share. As a group, analysts predict that Silicon Laboratories Inc. will post -3.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Benchmark reiterated a “hold” rating on shares of Silicon Laboratories in a report on Tuesday, November 5th. JPMorgan Chase & Co. lowered their price target on shares of Silicon Laboratories from $150.00 to $135.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Stifel Nicolaus dropped their price objective on Silicon Laboratories from $160.00 to $135.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Morgan Stanley dropped their target price on shares of Silicon Laboratories from $123.00 to $97.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 5th. Finally, Barclays cut their price target on Silicon Laboratories from $120.00 to $75.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Silicon Laboratories has an average rating of “Hold” and a consensus target price of $121.50.

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.