Massachusetts Financial Services Co. MA Decreases Stock Position in Silicon Laboratories Inc. (NASDAQ:SLAB)

Massachusetts Financial Services Co. MA cut its holdings in shares of Silicon Laboratories Inc. (NASDAQ:SLABFree Report) by 1.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 111,468 shares of the semiconductor company’s stock after selling 1,379 shares during the period. Massachusetts Financial Services Co. MA owned 0.35% of Silicon Laboratories worth $12,918,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SLAB. HighTower Advisors LLC boosted its stake in shares of Silicon Laboratories by 17.4% during the first quarter. HighTower Advisors LLC now owns 1,421 shares of the semiconductor company’s stock valued at $214,000 after purchasing an additional 211 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Silicon Laboratories by 12.8% in the first quarter. PNC Financial Services Group Inc. now owns 5,094 shares of the semiconductor company’s stock valued at $766,000 after acquiring an additional 580 shares in the last quarter. Natixis Advisors L.P. boosted its stake in Silicon Laboratories by 2.5% in the first quarter. Natixis Advisors L.P. now owns 12,997 shares of the semiconductor company’s stock valued at $1,952,000 after acquiring an additional 319 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Silicon Laboratories by 5.1% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,999 shares of the semiconductor company’s stock valued at $2,103,000 after acquiring an additional 675 shares in the last quarter. Finally, Great West Life Assurance Co. Can boosted its stake in Silicon Laboratories by 13.1% in the first quarter. Great West Life Assurance Co. Can now owns 23,361 shares of the semiconductor company’s stock valued at $3,615,000 after acquiring an additional 2,701 shares in the last quarter.

Silicon Laboratories Stock Up 3.8 %

NASDAQ SLAB opened at $142.46 on Friday. The company has a fifty day simple moving average of $125.83 and a two-hundred day simple moving average of $120.10. Silicon Laboratories Inc. has a 12-month low of $74.56 and a 12-month high of $194.68.

Insider Buying and Selling

In related news, CEO Robert Matthew Johnson sold 3,679 shares of the firm’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $108.22, for a total transaction of $398,141.38. Following the completion of the transaction, the chief executive officer now owns 31,050 shares of the company’s stock, valued at $3,360,231. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.96% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SLAB. TheStreet downgraded shares of Silicon Laboratories from a “c” rating to a “d+” rating in a research note on Thursday, November 2nd. StockNews.com downgraded shares of Silicon Laboratories from a “hold” rating to a “sell” rating in a research note on Friday, December 29th. Stifel Nicolaus raised their target price on shares of Silicon Laboratories from $136.00 to $155.00 and gave the company a “buy” rating in a research note on Tuesday, January 2nd. TD Cowen raised their target price on shares of Silicon Laboratories from $140.00 to $155.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. raised their target price on shares of Silicon Laboratories from $145.00 to $165.00 and gave the company an “overweight” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $143.29.

Get Our Latest Research Report on SLAB

About Silicon Laboratories

(Free Report)

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 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.

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

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