GSA Capital Partners LLP increased its holdings in shares of Silicon Laboratories (NASDAQ:SLAB) by 36.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,109 shares of the semiconductor company’s stock after buying an additional 4,014 shares during the quarter. GSA Capital Partners LLP’s holdings in Silicon Laboratories were worth $1,505,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of SLAB. Hermes Investment Management Ltd. increased its position in shares of Silicon Laboratories by 2.6% during the second quarter. Hermes Investment Management Ltd. now owns 707,061 shares of the semiconductor company’s stock valued at $70,423,000 after acquiring an additional 17,933 shares during the last quarter. Van Berkom & Associates Inc. increased its position in Silicon Laboratories by 0.7% in the second quarter. Van Berkom & Associates Inc. now owns 722,082 shares of the semiconductor company’s stock worth $71,919,000 after buying an additional 4,951 shares during the last quarter. Retirement Systems of Alabama increased its position in Silicon Laboratories by 0.7% in the second quarter. Retirement Systems of Alabama now owns 110,104 shares of the semiconductor company’s stock worth $10,966,000 after buying an additional 743 shares during the last quarter. Amalgamated Bank increased its position in Silicon Laboratories by 15.9% in the second quarter. Amalgamated Bank now owns 7,001 shares of the semiconductor company’s stock worth $697,000 after buying an additional 962 shares during the last quarter. Finally, Lisanti Capital Growth LLC purchased a new stake in Silicon Laboratories in the first quarter worth $1,529,000. 91.47% of the stock is owned by institutional investors and hedge funds.

SLAB stock traded up $1.55 during mid-day trading on Friday, hitting $94.65. 200,081 shares of the stock were exchanged, compared to its average volume of 200,506. The company has a quick ratio of 4.95, a current ratio of 5.58 and a debt-to-equity ratio of 0.34. Silicon Laboratories has a 12 month low of $74.05 and a 12 month high of $110.70. The firm has a market cap of $4.01 billion, a P/E ratio of 34.91, a price-to-earnings-growth ratio of 2.22 and a beta of 1.51.

Silicon Laboratories (NASDAQ:SLAB) last released its earnings results on Wednesday, July 25th. The semiconductor company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.08. Silicon Laboratories had a return on equity of 11.90% and a net margin of 6.78%. The company had revenue of $217.10 million during the quarter, compared to analyst estimates of $214.24 million. During the same quarter in the previous year, the company posted $0.79 EPS. Silicon Laboratories’s revenue for the quarter was up 14.2% on a year-over-year basis. research analysts expect that Silicon Laboratories will post 2.78 EPS for the current fiscal year.

In related news, Director William P. Wood sold 5,442 shares of the business’s stock in a transaction dated Monday, July 2nd. The stock was sold at an average price of $98.33, for a total transaction of $535,111.86. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director William G. Bock sold 1,000 shares of the business’s stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $94.50, for a total value of $94,500.00. Following the transaction, the director now owns 40,751 shares in the company, valued at approximately $3,850,969.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,459 shares of company stock worth $1,506,152. 1.96% of the stock is owned by company insiders.

A number of analysts have issued reports on SLAB shares. Zacks Investment Research downgraded Silicon Laboratories from a “buy” rating to a “hold” rating in a research report on Tuesday, August 14th. BidaskClub cut Silicon Laboratories from a “buy” rating to a “hold” rating in a research report on Saturday, July 28th. Stifel Nicolaus lifted their price target on Silicon Laboratories from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, June 15th. Roth Capital lifted their price target on Silicon Laboratories from $110.00 to $125.00 and gave the company a “buy” rating in a research report on Monday, June 11th. Finally, Loop Capital began coverage on Silicon Laboratories in a research note on Thursday, June 21st. They set a “hold” rating and a $116.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $112.73.

Silicon Laboratories Profile

Silicon Laboratories Inc, a fabless semiconductor company, designs, develops, and markets mixed-signal integrated circuits (ICs) in the United States, China, and internationally. The company offers Internet of things products, such as 8-bit mixed-signal, 32-bit wireless, and ultra-low-power 32-bit microcontrollers; wireless connectivity devices, including multiprotocol wireless Gecko system-on-chip devices; real-time operating systems; sensor products comprising optical, relative humidity/temperature, and hall effect magnetic sensors.

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

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