Janney Montgomery Scott LLC Has $917,000 Position in Silicon Laboratories Inc. (NASDAQ:SLAB)

Janney Montgomery Scott LLC grew its position in Silicon Laboratories Inc. (NASDAQ:SLABGet Rating) by 128.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,427 shares of the semiconductor company’s stock after buying an additional 4,174 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Silicon Laboratories were worth $917,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Nisa Investment Advisors LLC boosted its stake in shares of Silicon Laboratories by 1.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 4,673 shares of the semiconductor company’s stock valued at $655,000 after purchasing an additional 66 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of Silicon Laboratories by 9.1% in the 2nd quarter. Asset Management One Co. Ltd. now owns 949 shares of the semiconductor company’s stock valued at $133,000 after purchasing an additional 79 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in shares of Silicon Laboratories by 3.2% in the 2nd quarter. O Shaughnessy Asset Management LLC now owns 2,670 shares of the semiconductor company’s stock valued at $374,000 after purchasing an additional 82 shares during the last quarter. Meeder Asset Management Inc. boosted its stake in shares of Silicon Laboratories by 94.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 282 shares of the semiconductor company’s stock valued at $40,000 after purchasing an additional 137 shares during the last quarter. Finally, Synovus Financial Corp boosted its stake in shares of Silicon Laboratories by 1.7% in the 2nd quarter. Synovus Financial Corp now owns 8,980 shares of the semiconductor company’s stock valued at $1,271,000 after purchasing an additional 154 shares during the last quarter. 99.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on SLAB shares. Morgan Stanley reduced their price objective on shares of Silicon Laboratories from $161.00 to $151.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 27th. Wells Fargo & Company increased their target price on shares of Silicon Laboratories from $145.00 to $155.00 and gave the stock an “overweight” rating in a research note on Monday, January 9th. Cowen increased their target price on shares of Silicon Laboratories from $150.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 7th. Needham & Company LLC lowered shares of Silicon Laboratories from a “buy” rating to a “hold” rating in a research note on Thursday, October 27th. Finally, KeyCorp cut their target price on shares of Silicon Laboratories from $180.00 to $160.00 and set an “overweight” rating on the stock in a research note on Thursday, October 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $156.38.

Silicon Laboratories Stock Performance

SLAB opened at $150.01 on Thursday. The company has a current ratio of 7.90, a quick ratio of 7.47 and a debt-to-equity ratio of 0.34. The company’s fifty day moving average price is $140.66 and its two-hundred day moving average price is $133.67. Silicon Laboratories Inc. has a 1-year low of $109.44 and a 1-year high of $183.00. The company has a market cap of $4.99 billion, a price-to-earnings ratio of 88.24 and a beta of 1.12.

Silicon Laboratories (NASDAQ:SLABGet Rating) last released its quarterly earnings data on Wednesday, October 26th. The semiconductor company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.04. Silicon Laboratories had a net margin of 6.45% and a return on equity of 5.70%. The firm had revenue of $269.82 million for the quarter, compared to the consensus estimate of $270.17 million. On average, analysts expect that Silicon Laboratories Inc. will post 3.21 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Nina Richardson sold 1,351 shares of the stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $145.00, for a total value of $195,895.00. Following the completion of the sale, the director now owns 6,820 shares in the company, valued at $988,900. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.61% of the company’s stock.

Silicon Laboratories Company Profile

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Silicon Laboratories Inc, a fabless semiconductor company, provides various analog-intensive mixed-signal solutions in the United States, China, 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 Internet of Things (IoT), including connected home and security, industrial automation and control, smart metering, smart lighting, commercial building automation, consumer electronics, asset tracking, and medical instrumentation.

See Also

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

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