Silicon Laboratories Inc. (NASDAQ:SLAB) Holdings Raised by Federated Hermes Inc.

Federated Hermes Inc. increased its stake in Silicon Laboratories Inc. (NASDAQ:SLAB) by 6.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 516,484 shares of the semiconductor company’s stock after purchasing an additional 33,357 shares during the quarter. Federated Hermes Inc. owned approximately 1.63% of Silicon Laboratories worth $68,315,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of SLAB. Venturi Wealth Management LLC acquired a new stake in Silicon Laboratories during the 3rd quarter worth about $30,000. Belpointe Asset Management LLC grew its stake in shares of Silicon Laboratories by 72.5% in the 1st quarter. Belpointe Asset Management LLC now owns 207 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 87 shares in the last quarter. Live Oak Investment Partners acquired a new position in Silicon Laboratories in the fourth quarter worth approximately $39,000. Global Retirement Partners LLC raised its position in Silicon Laboratories by 31.7% during the third quarter. Global Retirement Partners LLC now owns 507 shares of the semiconductor company’s stock valued at $58,000 after acquiring an additional 122 shares in the last quarter. Finally, Itau Unibanco Holding S.A. bought a new position in shares of Silicon Laboratories during the 3rd quarter valued at $61,000.

Analyst Ratings Changes

A number of brokerages have weighed in on SLAB. TD Cowen boosted their price target on Silicon Laboratories from $140.00 to $155.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Barclays increased their price target on Silicon Laboratories from $120.00 to $140.00 and gave the company an “equal weight” rating in a report on Thursday, February 8th. JPMorgan Chase & Co. lifted their price target on shares of Silicon Laboratories from $145.00 to $165.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. StockNews.com lowered shares of Silicon Laboratories from a “hold” rating to a “sell” rating in a research note on Friday, December 29th. Finally, Stifel Nicolaus upped their price target on shares of Silicon Laboratories from $136.00 to $155.00 and gave the company a “buy” rating in a report on Tuesday, January 2nd. 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 stock. According to MarketBeat, Silicon Laboratories presently has a consensus rating of “Hold” and a consensus target price of $143.29.

Silicon Laboratories Trading Down 3.3 %

Shares of SLAB stock opened at $117.50 on Friday. The company has a market capitalization of $3.75 billion, a P/E ratio of -103.98 and a beta of 1.27. Silicon Laboratories Inc. has a 12 month low of $74.56 and a 12 month high of $171.47. The stock has a 50 day moving average of $136.20 and a two-hundred day moving average of $121.94.

Silicon Laboratories (NASDAQ:SLAB) last released its quarterly earnings data on Wednesday, February 7th. The semiconductor company reported ($1.46) EPS for the quarter, topping analysts’ consensus estimates of ($1.91) by $0.45. Silicon Laboratories had a negative net margin of 4.41% and a positive return on equity of 0.97%. The company had revenue of $86.85 million during the quarter, compared to the consensus estimate of $85.32 million. Sell-side analysts predict that Silicon Laboratories Inc. will post -1.66 earnings per share for the current fiscal year.

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.