Hsbc Holdings PLC Has $2.36 Million Stock Position in Silicon Laboratories Inc. (NASDAQ:SLAB)

Hsbc Holdings PLC raised its stake in shares of Silicon Laboratories Inc. (NASDAQ:SLABGet Rating) by 234.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,868 shares of the semiconductor company’s stock after buying an additional 13,226 shares during the quarter. Hsbc Holdings PLC owned about 0.06% of Silicon Laboratories worth $2,361,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of SLAB. Lazard Asset Management LLC acquired a new position in shares of Silicon Laboratories during the 2nd quarter worth about $25,000. Global Retirement Partners LLC grew its position in shares of Silicon Laboratories by 975.0% during the 3rd quarter. Global Retirement Partners LLC now owns 215 shares of the semiconductor company’s stock worth $25,000 after buying an additional 195 shares during the period. EverSource Wealth Advisors LLC acquired a new position in shares of Silicon Laboratories during the 3rd quarter worth about $39,000. Meeder Asset Management Inc. grew its position in shares of Silicon Laboratories by 94.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 282 shares of the semiconductor company’s stock worth $40,000 after buying an additional 137 shares during the period. Finally, Exchange Traded Concepts LLC acquired a new position in shares of Silicon Laboratories during the 3rd quarter worth about $58,000. 99.56% of the stock is currently owned by institutional investors and hedge funds.

Silicon Laboratories Trading Up 1.3 %

Shares of Silicon Laboratories stock opened at $175.76 on Tuesday. Silicon Laboratories Inc. has a 12-month low of $109.44 and a 12-month high of $194.68. The stock has a market cap of $5.61 billion, a P/E ratio of 69.20 and a beta of 1.14. The company has a quick ratio of 7.33, a current ratio of 7.87 and a debt-to-equity ratio of 0.38. The business’s 50 day moving average is $158.75 and its 200-day moving average is $140.47.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on SLAB shares. Morgan Stanley lifted their price objective on Silicon Laboratories from $151.00 to $207.00 and gave the company an “equal weight” rating in a report on Thursday, February 2nd. Cowen lifted their price objective on Silicon Laboratories from $150.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, December 7th. Wells Fargo & Company lifted their price objective on Silicon Laboratories from $155.00 to $190.00 and gave the company an “overweight” rating in a report on Thursday, February 2nd. Cowen lifted their price objective on Silicon Laboratories from $175.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, February 2nd. Finally, Barclays lifted their price objective on Silicon Laboratories from $85.00 to $100.00 and gave the company an “underweight” rating in a report on Monday, January 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $179.78.

Insider Transactions at Silicon Laboratories

In other news, Director Nina Richardson sold 912 shares of the company’s stock in a transaction that occurred on Friday, January 27th. The stock was sold at an average price of $160.00, for a total transaction of $145,920.00. Following the sale, the director now owns 5,908 shares in the company, valued at approximately $945,280. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.61% of the company’s stock.

About Silicon Laboratories

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Silicon Laboratories, Inc engages in providing and developing analog-intensive and mixed-signal integrated circuits. It operates through the United States, China, and Rest of World geographical segments. The company was founded by Navdeep S. Sooch, David R. Welland, and Jeffrey W. Scott in August 1996 and is headquartered in Austin, TX.

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

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