15,224 Shares in Silicon Laboratories Inc. (NASDAQ:SLAB) Acquired by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP purchased a new stake in shares of Silicon Laboratories Inc. (NASDAQ:SLAB) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 15,224 shares of the semiconductor company’s stock, valued at approximately $1,891,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SLAB. Headlands Technologies LLC acquired a new stake in shares of Silicon Laboratories in the fourth quarter valued at $70,000. Alliancebernstein L.P. lifted its holdings in Silicon Laboratories by 58.2% in the 4th quarter. Alliancebernstein L.P. now owns 240,321 shares of the semiconductor company’s stock valued at $29,853,000 after acquiring an additional 88,438 shares during the last quarter. O Shaughnessy Asset Management LLC bought a new position in shares of Silicon Laboratories during the 4th quarter valued at about $214,000. Norges Bank acquired a new position in shares of Silicon Laboratories in the 4th quarter worth approximately $34,622,000. Finally, Loomis Sayles & Co. L P raised its holdings in shares of Silicon Laboratories by 2.0% in the 4th quarter. Loomis Sayles & Co. L P now owns 469,883 shares of the semiconductor company’s stock worth $58,368,000 after purchasing an additional 8,992 shares in the last quarter.

Analysts Set New Price Targets

Several research analysts have issued reports on SLAB shares. KeyCorp lifted their price target on shares of Silicon Laboratories from $115.00 to $160.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. StockNews.com lowered Silicon Laboratories from a “hold” rating to a “sell” rating in a research report on Thursday, March 27th. Susquehanna initiated coverage on Silicon Laboratories in a research report on Tuesday, December 17th. They issued a “neutral” rating and a $130.00 price target for the company. Barclays lifted their price target on Silicon Laboratories from $75.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Friday, January 17th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $150.00 price objective on shares of Silicon Laboratories in a research note on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Silicon Laboratories presently has an average rating of “Hold” and an average target price of $136.20.

Insider Activity at Silicon Laboratories

In other news, Director Navdeep S. Sooch sold 2,360 shares of Silicon Laboratories stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $149.00, for a total transaction of $351,640.00. Following the completion of the sale, the director now directly owns 400,567 shares in the company, valued at $59,684,483. The trade was a 0.59 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William G. Bock sold 1,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $149.43, for a total value of $149,430.00. Following the completion of the transaction, the director now owns 31,115 shares in the company, valued at $4,649,514.45. This represents a 3.11 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,360 shares of company stock valued at $782,610. Insiders own 1.60% of the company’s stock.

Silicon Laboratories Price Performance

Shares of SLAB opened at $86.17 on Wednesday. The company has a market capitalization of $2.80 billion, a price-to-earnings ratio of -14.51 and a beta of 1.33. The business’s 50-day moving average is $130.89 and its 200-day moving average is $123.05. Silicon Laboratories Inc. has a fifty-two week low of $79.81 and a fifty-two week high of $160.00.

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

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.