Geode Capital Management LLC Has $107.81 Million Stock Holdings in Silicon Laboratories, Inc. $SLAB

Geode Capital Management LLC increased its position in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 824,771 shares of the semiconductor company’s stock after acquiring an additional 7,921 shares during the quarter. Geode Capital Management LLC owned about 2.51% of Silicon Laboratories worth $107,814,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in SLAB. EverSource Wealth Advisors LLC lifted its stake in shares of Silicon Laboratories by 45.7% during the third quarter. EverSource Wealth Advisors LLC now owns 274 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 86 shares during the period. UMB Bank n.a. lifted its stake in shares of Silicon Laboratories by 43.9% during the third quarter. UMB Bank n.a. now owns 282 shares of the semiconductor company’s stock valued at $37,000 after acquiring an additional 86 shares during the period. Covestor Ltd lifted its stake in shares of Silicon Laboratories by 260.3% during the fourth quarter. Covestor Ltd now owns 281 shares of the semiconductor company’s stock valued at $37,000 after acquiring an additional 203 shares during the period. Hantz Financial Services Inc. lifted its stake in Silicon Laboratories by 189.6% in the third quarter. Hantz Financial Services Inc. now owns 362 shares of the semiconductor company’s stock valued at $47,000 after buying an additional 237 shares during the period. Finally, Jones Financial Companies Lllp lifted its stake in Silicon Laboratories by 121.4% in the first quarter. Jones Financial Companies Lllp now owns 496 shares of the semiconductor company’s stock valued at $56,000 after buying an additional 272 shares during the period.

Insider Activity

In other Silicon Laboratories news, CEO Robert Matthew Johnson sold 8,024 shares of the stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $216.83, for a total value of $1,739,843.92. Following the completion of the sale, the chief executive officer directly owned 80,519 shares in the company, valued at $17,458,934.77. This represents a 9.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on SLAB shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Silicon Laboratories in a research note on Friday, March 27th. Citigroup increased their target price on Silicon Laboratories from $135.00 to $231.00 and gave the company a “neutral” rating in a research note on Friday, February 6th. One research analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $171.43.

Silicon Laboratories Trading Down 0.4%

NASDAQ:SLAB opened at $218.11 on Friday. Silicon Laboratories, Inc. has a 1-year low of $115.50 and a 1-year high of $219.68. The business’s 50-day moving average price is $214.50 and its two-hundred day moving average price is $181.16. The firm has a market capitalization of $7.19 billion, a price-to-earnings ratio of -142.56 and a beta of 1.37.

Silicon Laboratories (NASDAQ:SLAB) last released its earnings results on Tuesday, May 5th. The semiconductor company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.04. Silicon Laboratories had a negative return on equity of 2.18% and a negative net margin of 6.13%.The firm had revenue of $213.50 million for the quarter, compared to analyst estimates of $214.02 million. During the same quarter in the prior year, the firm posted ($0.08) earnings per share. The company’s quarterly revenue was up 20.1% on a year-over-year basis. Sell-side analysts predict that Silicon Laboratories, Inc. will post 0.74 earnings per share for the current year.

Silicon Laboratories Profile

Silicon Laboratories (NASDAQ:SLAB) is a global semiconductor company that develops high-performance analog and mixed-signal integrated circuits, wireless system-on-chips (SoCs), microcontrollers, and radio frequency (RF) solutions. Its product portfolio is tailored to support the Internet of Things (IoT), infrastructure, industrial automation, consumer electronics, automotive, and energy markets. By combining silicon, software, and tools, Silicon Labs aims to accelerate development cycles and deliver low-power, highly integrated solutions that address demanding application requirements.

Founded in 1996 and headquartered in Austin, Texas, Silicon Labs has grown into a multinational organization with engineering and sales operations across North America, Europe, and Asia.