Arkadios Wealth Advisors Makes New Investment in Silicon Laboratories Inc. (NASDAQ:SLAB)

Arkadios Wealth Advisors purchased a new stake in shares of Silicon Laboratories Inc. (NASDAQ:SLABFree Report) during the fourth quarter, Holdings Channel.com reports. The firm purchased 1,911 shares of the semiconductor company’s stock, valued at approximately $237,000.

Several other hedge funds have also made changes to their positions in SLAB. Envestnet Asset Management Inc. boosted its stake in shares of Silicon Laboratories by 15.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 110,375 shares of the semiconductor company’s stock valued at $12,211,000 after buying an additional 14,877 shares during the period. Dimensional Fund Advisors LP grew its stake in Silicon Laboratories by 2.0% in the second quarter. Dimensional Fund Advisors LP now owns 639,065 shares of the semiconductor company’s stock valued at $70,699,000 after purchasing an additional 12,680 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its position in Silicon Laboratories by 39.0% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 3,222 shares of the semiconductor company’s stock worth $356,000 after purchasing an additional 904 shares during the last quarter. Hsbc Holdings PLC raised its stake in shares of Silicon Laboratories by 470.5% during the 2nd quarter. Hsbc Holdings PLC now owns 28,267 shares of the semiconductor company’s stock worth $3,109,000 after purchasing an additional 23,312 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of Silicon Laboratories during the 2nd quarter valued at about $212,000.

Silicon Laboratories Trading Up 1.1 %

Shares of SLAB stock opened at $141.51 on Friday. The firm has a market capitalization of $4.59 billion, a P/E ratio of -19.12 and a beta of 1.17. Silicon Laboratories Inc. has a 1 year low of $94.00 and a 1 year high of $154.91. The firm’s fifty day simple moving average is $122.62 and its 200 day simple moving average is $115.61.

Silicon Laboratories (NASDAQ:SLABGet Free Report) last released its 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. Silicon Laboratories had a negative net margin of 46.93% and a negative return on equity of 12.60%. The business had revenue of $166.00 million during the quarter, compared to analysts’ expectations of $165.50 million. During the same quarter last year, the company earned $0.48 earnings per share. The firm’s revenue was down 18.5% on a year-over-year basis. Equities research analysts anticipate that Silicon Laboratories Inc. will post -3.56 EPS for the current fiscal year.

Insider Activity at Silicon Laboratories

In other news, Director William G. Bock sold 2,000 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $140.77, for a total value of $281,540.00. Following the completion of the transaction, the director now directly owns 32,115 shares of the company’s stock, valued at approximately $4,520,828.55. This represents a 5.86 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.72% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. StockNews.com raised shares of Silicon Laboratories to a “sell” rating in a research report on Friday, November 8th. Barclays raised their target price on Silicon Laboratories from $75.00 to $120.00 and gave the company an “equal weight” rating in a report on Friday, January 17th. Morgan Stanley decreased their price target on Silicon Laboratories from $123.00 to $97.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 5th. JPMorgan Chase & Co. cut their price objective on Silicon Laboratories from $150.00 to $135.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Finally, KeyCorp upped their target price on Silicon Laboratories from $115.00 to $160.00 and gave the stock an “overweight” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $133.56.

Check Out Our Latest Report on Silicon Laboratories

About Silicon Laboratories

(Free Report)

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.

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

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