L. Roy Papp & Associates LLP Has $1.06 Million Stock Position in Silicon Laboratories Inc. (NASDAQ:SLAB)

L. Roy Papp & Associates LLP lessened its holdings in Silicon Laboratories Inc. (NASDAQ:SLAB) by 3.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,195 shares of the semiconductor company’s stock after selling 290 shares during the quarter. L. Roy Papp & Associates LLP’s holdings in Silicon Laboratories were worth $1,063,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of SLAB. CWM LLC increased its position in Silicon Laboratories by 185.0% during the 2nd quarter. CWM LLC now owns 8,435 shares of the semiconductor company’s stock worth $933,000 after purchasing an additional 5,475 shares in the last quarter. Natixis acquired a new stake in shares of Silicon Laboratories during the first quarter valued at about $647,000. Vanguard Group Inc. boosted its stake 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 valued at $501,462,000 after purchasing an additional 24,997 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Silicon Laboratories by 284.6% during the second quarter. SG Americas Securities LLC now owns 7,076 shares of the semiconductor company’s stock worth $783,000 after purchasing an additional 5,236 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of Silicon Laboratories by 31.7% in the first quarter. Russell Investments Group Ltd. now owns 52,578 shares of the semiconductor company’s stock valued at $7,557,000 after buying an additional 12,667 shares during the period.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on SLAB shares. Needham & Company LLC reissued a “buy” rating and set a $150.00 target price on shares of Silicon Laboratories in a report on Thursday, July 25th. StockNews.com upgraded Silicon Laboratories to a “sell” rating in a report on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $135.00.

Silicon Laboratories Stock Up 0.3 %

NASDAQ:SLAB traded up $0.30 during trading hours on Friday, reaching $113.69. The company had a trading volume of 132,714 shares, compared to its average volume of 295,271. Silicon Laboratories Inc. has a twelve month low of $74.56 and a twelve month high of $154.91. The firm has a market cap of $3.63 billion, a price-to-earnings ratio of -34.35 and a beta of 1.19. The business’s 50-day simple moving average is $112.97 and its two-hundred day simple moving average is $116.26.

Silicon Laboratories (NASDAQ:SLAB) last issued its earnings results on Wednesday, July 24th. The semiconductor company reported ($0.56) EPS for the quarter, beating analysts’ consensus estimates of ($0.64) by $0.08. Silicon Laboratories had a negative return on equity of 9.13% and a negative net margin of 36.53%. The business had revenue of $145.40 million during the quarter, compared to analyst estimates of $140.18 million. During the same period in the previous year, the company posted $0.59 EPS. The firm’s revenue was down 40.6% compared to the same quarter last year. As a group, equities analysts predict that Silicon Laboratories Inc. will post -3.41 earnings per share for the current year.

Insider Activity

In related news, SVP Brandon Tolany sold 845 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $115.00, for a total value of $97,175.00. Following the transaction, the senior vice president now directly owns 43,615 shares in the company, valued at $5,015,725. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.72% of the company’s stock.

Silicon Laboratories Profile

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.