Jane Street Group LLC Acquires Shares of 26,705 Silicon Laboratories, Inc. (SLAB)

Jane Street Group LLC acquired a new stake in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 26,705 shares of the semiconductor company’s stock, valued at approximately $2,134,000. Jane Street Group LLC owned approximately 0.06% of Silicon Laboratories at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SLAB. Bank of New York Mellon Corp raised its holdings in shares of Silicon Laboratories by 62.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 841,592 shares of the semiconductor company’s stock valued at $57,523,000 after buying an additional 323,123 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Silicon Laboratories by 4.7% during the 2nd quarter. Vanguard Group Inc. now owns 3,446,677 shares of the semiconductor company’s stock valued at $235,581,000 after buying an additional 154,654 shares in the last quarter. TCW Group Inc. raised its holdings in shares of Silicon Laboratories by 164.9% during the 3rd quarter. TCW Group Inc. now owns 229,473 shares of the semiconductor company’s stock valued at $18,335,000 after buying an additional 142,832 shares in the last quarter. Cortina Asset Management LLC raised its holdings in shares of Silicon Laboratories by 49.9% during the 3rd quarter. Cortina Asset Management LLC now owns 312,353 shares of the semiconductor company’s stock valued at $24,957,000 after buying an additional 103,956 shares in the last quarter. Finally, Pier Capital LLC purchased a new position in shares of Silicon Laboratories during the 2nd quarter valued at about $5,274,000. 90.81% of the stock is currently owned by institutional investors.

A number of brokerages have commented on SLAB. B. Riley reaffirmed a “buy” rating and issued a $115.00 price target on shares of Silicon Laboratories in a research note on Friday. Barclays reaffirmed a “neutral” rating on shares of Silicon Laboratories in a research note on Friday, October 27th. Canaccord Genuity lifted their price target on Silicon Laboratories from $95.00 to $98.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Needham & Company LLC lifted their price target on Silicon Laboratories from $85.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Finally, Drexel Hamilton reaffirmed a “buy” rating and issued a $103.00 price target (up from $85.00) on shares of Silicon Laboratories in a research note on Wednesday, October 25th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $98.89.

In other news, CFO John C. Hollister sold 2,000 shares of Silicon Laboratories stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $78.45, for a total value of $156,900.00. Following the sale, the chief financial officer now directly owns 66,767 shares in the company, valued at approximately $5,237,871.15. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO George Tyson Tuttle sold 13,594 shares of Silicon Laboratories stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $80.07, for a total value of $1,088,471.58. Following the completion of the sale, the chief executive officer now owns 183,592 shares in the company, valued at $14,700,211.44. The disclosure for this sale can be found here. Over the last quarter, insiders sold 46,700 shares of company stock worth $3,902,829. Corporate insiders own 34.82% of the company’s stock.

Silicon Laboratories, Inc. (NASDAQ SLAB) opened at $89.35 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 5.66 and a quick ratio of 5.20. The company has a market capitalization of $3,839.38, a P/E ratio of 39.56, a price-to-earnings-growth ratio of 2.67 and a beta of 1.37. Silicon Laboratories, Inc. has a 12 month low of $63.15 and a 12 month high of $96.93.

Silicon Laboratories (NASDAQ:SLAB) last announced its quarterly earnings results on Wednesday, October 25th. The semiconductor company reported $0.90 EPS for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.09. The business had revenue of $198.70 million for the quarter, compared to analysts’ expectations of $196.20 million. Silicon Laboratories had a return on equity of 11.06% and a net margin of 9.60%. The business’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.77 EPS. equities analysts predict that Silicon Laboratories, Inc. will post 2.25 earnings per share for the current fiscal year.

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Silicon Laboratories Profile

Silicon Laboratories Inc is a provider of silicon, software and solutions for the Internet of Things (IoT), Internet infrastructure, industrial, consumer and automotive markets. The Company operates through mixed-signal analog intensive products segment. It provides analog-intensive, mixed-signal solutions for use in a range of electronic products in various applications for the IoT market.

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

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