Paloma Partners Management Co Takes $1.56 Million Position in Silicon Laboratories Inc. (NASDAQ:SLAB)

Paloma Partners Management Co bought a new stake in shares of Silicon Laboratories Inc. (NASDAQ:SLAB - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 13,500 shares of the semiconductor company's stock, valued at approximately $1,560,000.

Several other institutional investors have also bought and sold shares of SLAB. Tidal Investments LLC bought a new position in Silicon Laboratories in the 1st quarter valued at $230,000. Harbor Capital Advisors Inc. grew its position in shares of Silicon Laboratories by 8.5% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 1,292 shares of the semiconductor company's stock valued at $143,000 after acquiring an additional 101 shares during the period. CWM LLC increased its stake in shares of 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 during the last quarter. Linden Thomas Advisory Services LLC raised its holdings in shares of Silicon Laboratories by 37.2% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 12,457 shares of the semiconductor company's stock worth $1,378,000 after purchasing an additional 3,377 shares during the period. Finally, SG Americas Securities LLC lifted its stake in Silicon Laboratories by 284.6% in the second quarter. SG Americas Securities LLC now owns 7,076 shares of the semiconductor company's stock valued at $783,000 after purchasing an additional 5,236 shares during the last quarter.

Silicon Laboratories Stock Down 2.8 %

Shares of SLAB traded down $3.21 during mid-day trading on Tuesday, reaching $112.19. 621,740 shares of the stock traded hands, compared to its average volume of 299,324. Silicon Laboratories Inc. has a 1 year low of $94.00 and a 1 year high of $154.91. The firm has a fifty day moving average price of $111.00 and a 200 day moving average price of $113.25.

Silicon Laboratories (NASDAQ:SLAB - Get Free Report) last posted its earnings results on Monday, November 4th. The semiconductor company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.07. The business had revenue of $166.00 million during the quarter, compared to analysts' expectations of $165.50 million. Silicon Laboratories had a negative return on equity of 12.60% and a negative net margin of 46.93%. The firm's revenue was down 18.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.48 earnings per share. Equities research analysts expect that Silicon Laboratories Inc. will post -3.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. KeyCorp decreased their target price on Silicon Laboratories from $150.00 to $115.00 and set an "overweight" rating for the company in a research report on Tuesday, November 5th. Benchmark restated a "hold" rating on shares of Silicon Laboratories in a research note on Tuesday, November 5th. Stifel Nicolaus cut their target price on shares of Silicon Laboratories from $160.00 to $135.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th. JPMorgan Chase & Co. lowered their price target on shares of Silicon Laboratories from $150.00 to $135.00 and set an "overweight" rating on the stock in a research report on Tuesday, November 5th. Finally, Morgan Stanley cut their price objective on shares of Silicon Laboratories from $123.00 to $97.00 and set an "equal weight" rating for the company in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, Silicon Laboratories presently has a consensus rating of "Hold" and a consensus target price of $121.50.

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.