746 Shares in Silicon Laboratories Inc. (NASDAQ:SLAB) Purchased by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. bought a new stake in Silicon Laboratories Inc. (NASDAQ:SLAB) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 746 shares of the semiconductor company’s stock, valued at approximately $82,000.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Silicon Laboratories by 0.7% during the first quarter. Vanguard Group Inc. now owns 3,489,160 shares of the semiconductor company’s stock valued at $501,462,000 after buying an additional 24,997 shares during the period. Capital Research Global Investors raised its holdings in Silicon Laboratories by 29.9% in the 1st quarter. Capital Research Global Investors now owns 1,217,939 shares of the semiconductor company’s stock valued at $175,042,000 after acquiring an additional 280,000 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Silicon Laboratories by 4.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 641,710 shares of the semiconductor company’s stock worth $84,884,000 after purchasing an additional 28,759 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Silicon Laboratories by 8.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 451,082 shares of the semiconductor company’s stock worth $59,665,000 after purchasing an additional 33,979 shares during the last quarter. Finally, Pathstone Holdings LLC purchased a new stake in shares of Silicon Laboratories in the fourth quarter valued at $58,205,000.

Analysts Set New Price Targets

SLAB has been the topic of a number of research analyst reports. StockNews.com raised Silicon Laboratories to a “sell” rating in a research note on Tuesday, July 23rd. Needham & Company LLC reiterated a “buy” rating and set a $150.00 price objective on shares of Silicon Laboratories in a report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Silicon Laboratories presently has a consensus rating of “Hold” and an average price target of $135.00.

Silicon Laboratories Trading Up 4.0 %

SLAB stock traded up $4.55 during trading hours on Thursday, hitting $118.66. 202,646 shares of the stock traded hands, compared to its average volume of 310,939. The stock has a 50-day simple moving average of $111.64 and a 200 day simple moving average of $123.64. The company has a market cap of $3.79 billion, a P/E ratio of -34.89 and a beta of 1.19. Silicon Laboratories Inc. has a one year low of $74.56 and a one year high of $154.91.

Silicon Laboratories (NASDAQ:SLAB) last released its quarterly earnings data on Wednesday, July 24th. The semiconductor company reported ($0.56) earnings per share for the quarter, topping the consensus estimate of ($0.64) by $0.08. The business had revenue of $145.40 million during the quarter, compared to analyst estimates of $140.18 million. Silicon Laboratories had a negative return on equity of 9.13% and a negative net margin of 36.53%. The company’s revenue was down 40.6% compared to the same quarter last year. During the same period last year, the company posted $0.59 EPS. Analysts forecast that Silicon Laboratories Inc. will post -3.4 earnings per share for the current year.

Insider Activity at Silicon Laboratories

In other news, CEO Robert Matthew Johnson sold 7,230 shares of Silicon Laboratories stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $123.80, for a total value of $895,074.00. Following the transaction, the chief executive officer now directly owns 47,910 shares of the company’s stock, valued at $5,931,258. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.72% of the stock is currently owned by corporate insiders.

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.