10,187 Shares in Silicon Laboratories Inc. (NASDAQ:SLAB) Acquired by Emerald Advisers LLC

Emerald Advisers LLC acquired a new stake in shares of Silicon Laboratories Inc. (NASDAQ:SLAB) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 10,187 shares of the semiconductor company’s stock, valued at approximately $1,177,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. raised its holdings 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 worth $501,462,000 after purchasing an additional 24,997 shares during the last quarter. Capital Research Global Investors raised its stake in shares of Silicon Laboratories by 29.9% during 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 buying an additional 280,000 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Silicon Laboratories by 2.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 639,065 shares of the semiconductor company’s stock valued at $70,699,000 after buying an additional 12,680 shares during the period. Van Berkom & Associates Inc. boosted its stake in shares of Silicon Laboratories by 8.4% in the second quarter. Van Berkom & Associates Inc. now owns 609,232 shares of the semiconductor company’s stock worth $67,399,000 after buying an additional 47,058 shares during the last quarter. Finally, Federated Hermes Inc. grew its holdings in Silicon Laboratories by 2.2% during the second quarter. Federated Hermes Inc. now owns 545,833 shares of the semiconductor company’s stock worth $60,386,000 after acquiring an additional 11,981 shares during the period.

Insider Buying and Selling

In other Silicon Laboratories news, SVP Brandon Tolany sold 845 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $115.00, for a total transaction of $97,175.00. Following the transaction, the senior vice president now directly owns 43,615 shares of the company’s stock, valued at $5,015,725. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.72% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SLAB. StockNews.com raised Silicon Laboratories to a “sell” rating in a report on Wednesday, October 30th. Needham & Company LLC reaffirmed a “buy” rating and set a $150.00 target price on shares of Silicon Laboratories in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $140.00.

Silicon Laboratories Price Performance

Shares of SLAB stock opened at $106.23 on Monday. Silicon Laboratories Inc. has a 1-year low of $84.08 and a 1-year high of $154.91. The company has a market cap of $3.43 billion, a price-to-earnings ratio of -17.13 and a beta of 1.20. The stock has a 50 day simple moving average of $112.84 and a 200-day simple moving average of $115.69.

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.