Securian Asset Management Inc. Decreases Stock Holdings in Silicon Laboratories Inc. (NASDAQ:SLAB)

Securian Asset Management Inc. reduced its holdings in shares of Silicon Laboratories Inc. (NASDAQ:SLAB) by 4.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,398 shares of the semiconductor company’s stock after selling 100 shares during the quarter. Securian Asset Management Inc.’s holdings in Silicon Laboratories were worth $298,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Jones Financial Companies Lllp grew its stake in Silicon Laboratories by 44.5% during the fourth quarter. Jones Financial Companies Lllp now owns 224 shares of the semiconductor company’s stock worth $28,000 after buying an additional 69 shares during the period. Advisors Asset Management Inc. grew its stake in Silicon Laboratories by 159.4% during the third quarter. Advisors Asset Management Inc. now owns 275 shares of the semiconductor company’s stock worth $32,000 after buying an additional 169 shares during the period. Venturi Wealth Management LLC grew its stake in Silicon Laboratories by 207.0% during the fourth quarter. Venturi Wealth Management LLC now owns 786 shares of the semiconductor company’s stock worth $98,000 after buying an additional 530 shares during the period. Asset Management One Co. Ltd. purchased a new position in shares of Silicon Laboratories in the fourth quarter valued at $117,000. Finally, KBC Group NV boosted its stake in shares of Silicon Laboratories by 42.1% in the fourth quarter. KBC Group NV now owns 1,279 shares of the semiconductor company’s stock valued at $159,000 after purchasing an additional 379 shares during the period.

Silicon Laboratories Price Performance

NASDAQ SLAB opened at $125.24 on Wednesday. The company has a market capitalization of $4.07 billion, a price-to-earnings ratio of -21.08 and a beta of 1.15. Silicon Laboratories Inc. has a 12 month low of $94.00 and a 12 month high of $160.00. The company’s fifty day moving average price is $138.33 and its two-hundred day moving average price is $122.98.

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

Insiders Place Their Bets

In related news, Director Navdeep S. Sooch sold 2,360 shares of the stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $149.00, for a total value of $351,640.00. Following the sale, the director now owns 400,567 shares of the company’s stock, valued at $59,684,483. This trade represents a 0.59 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William G. Bock sold 2,000 shares of the stock in a transaction dated Wednesday, January 22nd. The stock was 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. Over the last three months, insiders have sold 5,360 shares of company stock valued at $782,610. Company insiders own 1.72% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SLAB. Susquehanna began coverage on shares of Silicon Laboratories in a research note on Tuesday, December 17th. They issued a “neutral” rating and a $130.00 target price for the company. Stifel Nicolaus upped their target price on shares of Silicon Laboratories from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Monday, January 6th. StockNews.com upgraded shares of Silicon Laboratories from a “sell” rating to a “hold” rating in a research note on Tuesday. Needham & Company LLC restated a “buy” rating and issued a $150.00 target price on shares of Silicon Laboratories in a research note on Wednesday, March 12th. Finally, Benchmark restated a “buy” rating and issued a $160.00 target price on shares of Silicon Laboratories in a research note on Wednesday, March 12th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” 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.