Northwestern Mutual Wealth Management Co. Has $31,000 Stake in Silicon Laboratories (NASDAQ:SLAB)

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Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Silicon Laboratories (NASDAQ:SLAB) by 222.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 271 shares of the semiconductor company’s stock after acquiring an additional 187 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Silicon Laboratories were worth $31,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its holdings in Silicon Laboratories by 7.4% during the 4th quarter. Victory Capital Management Inc. now owns 688,675 shares of the semiconductor company’s stock valued at $67,704,000 after purchasing an additional 47,627 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Silicon Laboratories by 1.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 415,853 shares of the semiconductor company’s stock valued at $48,231,000 after acquiring an additional 4,110 shares in the last quarter. Renaissance Technologies LLC increased its position in Silicon Laboratories by 296.5% in the 4th quarter. Renaissance Technologies LLC now owns 212,898 shares of the semiconductor company’s stock valued at $24,692,000 after acquiring an additional 159,200 shares in the last quarter. Candriam Luxembourg S.C.A. increased its position in Silicon Laboratories by 0.6% in the 4th quarter. Candriam Luxembourg S.C.A. now owns 111,533 shares of the semiconductor company’s stock valued at $12,936,000 after acquiring an additional 639 shares in the last quarter. Finally, American International Group Inc. increased its position in Silicon Laboratories by 0.3% in the 4th quarter. American International Group Inc. now owns 109,950 shares of the semiconductor company’s stock valued at $12,752,000 after acquiring an additional 354 shares in the last quarter. 93.61% of the stock is owned by institutional investors.

In other Silicon Laboratories news, Director Navdeep S. Sooch sold 15,000 shares of the company’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $120.00, for a total value of $1,800,000.00. Following the transaction, the director now directly owns 433,447 shares in the company, valued at $52,013,640. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Robert Matthew Johnson sold 1,925 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $95.99, for a total transaction of $184,780.75. Following the completion of the transaction, the senior vice president now owns 29,483 shares in the company, valued at $2,830,073.17. The disclosure for this sale can be found here. In the last three months, insiders sold 22,102 shares of company stock worth $2,606,021. 2.33% of the stock is currently owned by insiders.

Several research firms have weighed in on SLAB. Roth Capital lowered their price objective on shares of Silicon Laboratories from to and set a “buy” rating for the company in a research report on Thursday, January 30th. Cowen decreased their price objective on shares of Silicon Laboratories from $125.00 to $100.00 and set an “outperform” rating for the company in a report on Friday, March 13th. Wells Fargo & Co boosted their price objective on shares of Silicon Laboratories from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Friday, December 20th. Summit Insights cut shares of Silicon Laboratories from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. Finally, BidaskClub cut shares of Silicon Laboratories from a “hold” rating to a “sell” rating in a report on Tuesday, March 3rd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $110.00.

NASDAQ SLAB traded up $6.66 during trading on Thursday, reaching $85.53. 32,331 shares of the stock traded hands, compared to its average volume of 618,672. The firm has a market cap of $3.46 billion, a price-to-earnings ratio of 204.81, a price-to-earnings-growth ratio of 2.64 and a beta of 1.43. The stock’s 50-day moving average price is $90.86 and its 200 day moving average price is $106.29. The company has a quick ratio of 6.32, a current ratio of 6.85 and a debt-to-equity ratio of 0.33. Silicon Laboratories has a fifty-two week low of $65.09 and a fifty-two week high of $122.90.

Silicon Laboratories (NASDAQ:SLAB) last announced its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.84 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.05). The company had revenue of $219.44 million during the quarter, compared to the consensus estimate of $222.01 million. Silicon Laboratories had a net margin of 2.30% and a return on equity of 8.85%. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.91 EPS. Analysts anticipate that Silicon Laboratories will post 1.95 EPS for the current fiscal year.

About Silicon Laboratories

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, including 8-bit mixed-signal, 32-bit wireless, and ultra-low-power 32-bit microcontrollers; wireless connectivity devices, such as 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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