GW&K Investment Management LLC Increases Holdings in Silicon Laboratories Inc. (NASDAQ:SLAB)

GW&K Investment Management LLC boosted its stake in shares of Silicon Laboratories Inc. (NASDAQ:SLAB) by 5.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 682,045 shares of the semiconductor company’s stock after buying an additional 36,330 shares during the period. Silicon Laboratories accounts for 0.7% of GW&K Investment Management LLC’s investment portfolio, making the stock its 24th largest position. GW&K Investment Management LLC’s holdings in Silicon Laboratories were worth $84,723,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in SLAB. Advisors Asset Management Inc. boosted its position in shares of Silicon Laboratories by 159.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 275 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 169 shares during the last quarter. International Assets Investment Management LLC raised its stake 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 worth $93,000 after purchasing an additional 802 shares during the period. Venturi Wealth Management LLC boosted its holdings in Silicon Laboratories by 207.0% in the 4th quarter. Venturi Wealth Management LLC now owns 786 shares of the semiconductor company’s stock valued at $98,000 after purchasing an additional 530 shares during the last quarter. Asset Management One Co. Ltd. acquired a new position in Silicon Laboratories in the 4th quarter valued at about $117,000. Finally, KBC Group NV grew its stake in shares of Silicon Laboratories by 42.1% in the 4th quarter. KBC Group NV now owns 1,279 shares of the semiconductor company’s stock valued at $159,000 after buying an additional 379 shares during the period.

Insider Buying and Selling at Silicon Laboratories

In related news, Director Navdeep S. Sooch sold 2,360 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $149.00, for a total transaction of $351,640.00. Following the sale, the director now directly owns 400,567 shares in the company, valued at approximately $59,684,483. This represents a 0.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William G. Bock sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $140.77, for a total transaction of $281,540.00. Following the completion of the sale, the director now directly owns 32,115 shares in the company, valued at approximately $4,520,828.55. This trade represents a 5.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,360 shares of company stock valued at $782,610 in the last 90 days. Company insiders own 1.72% of the company’s stock.

Silicon Laboratories Price Performance

Shares of Silicon Laboratories stock opened at $135.98 on Friday. The stock has a market capitalization of $4.41 billion, a price-to-earnings ratio of -22.89 and a beta of 1.16. The business has a 50-day moving average of $137.50 and a 200 day moving average of $121.00. Silicon Laboratories Inc. has a 12 month low of $94.00 and a 12 month high of $160.00.

Silicon Laboratories (NASDAQ:SLAB) last posted its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported ($0.11) EPS for the quarter, meeting the consensus estimate of ($0.11). The business had revenue of $166.25 million during the quarter, compared to analyst estimates of $166.09 million. Silicon Laboratories had a negative net margin of 32.69% and a negative return on equity of 10.46%. The business’s revenue for the quarter was up 91.4% compared to the same quarter last year. During the same quarter last year, the firm posted ($1.19) earnings per share. Equities research analysts anticipate that Silicon Laboratories Inc. will post -0.97 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SLAB. Barclays upped their price objective on Silicon Laboratories from $75.00 to $120.00 and gave the company an “equal weight” rating in a report on Friday, January 17th. Benchmark upgraded Silicon Laboratories from a “hold” rating to a “buy” rating and set a $160.00 target price on the stock in a research report on Wednesday, February 5th. Stifel Nicolaus increased their price target on Silicon Laboratories from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Morgan Stanley reduced their price objective on shares of Silicon Laboratories from $123.00 to $97.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Silicon Laboratories from $150.00 to $135.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Silicon Laboratories currently has a consensus rating of “Hold” and a consensus price target of $136.20.

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.