Capital Fund Management S.A. trimmed its holdings in shares of Silicon Laboratories Inc. (NASDAQ:SLAB - Free Report) by 17.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,074 shares of the semiconductor company's stock after selling 9,872 shares during the period. Capital Fund Management S.A. owned approximately 0.14% of Silicon Laboratories worth $5,723,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of SLAB. FMR LLC increased its holdings in Silicon Laboratories by 0.5% in the 4th quarter. FMR LLC now owns 4,867,203 shares of the semiconductor company's stock worth $604,604,000 after acquiring an additional 23,833 shares in the last quarter. Vanguard Group Inc. grew its position in Silicon Laboratories by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 3,959,580 shares of the semiconductor company's stock worth $491,859,000 after acquiring an additional 71,942 shares during the period. Geode Capital Management LLC lifted its position in Silicon Laboratories by 2.1% in the third quarter. Geode Capital Management LLC now owns 781,049 shares of the semiconductor company's stock valued at $90,282,000 after buying an additional 15,728 shares during the last quarter. GW&K Investment Management LLC boosted its position in shares of Silicon Laboratories by 5.6% during the 4th quarter. GW&K Investment Management LLC now owns 682,045 shares of the semiconductor company's stock worth $84,723,000 after purchasing an additional 36,330 shares during the period. Finally, Federated Hermes Inc. raised its holdings in shares of Silicon Laboratories by 4.1% in the 4th quarter. Federated Hermes Inc. now owns 638,464 shares of the semiconductor company's stock valued at $79,310,000 after buying an additional 25,178 shares during the period.
Silicon Laboratories Price Performance
Silicon Laboratories stock traded up $0.30 during midday trading on Tuesday, reaching $91.60. The stock had a trading volume of 304,642 shares, compared to its average volume of 331,235. Silicon Laboratories Inc. has a twelve month low of $82.82 and a twelve month high of $160.00. The firm has a market cap of $2.97 billion, a price-to-earnings ratio of -15.42 and a beta of 1.33. The firm's fifty day simple moving average is $125.30 and its two-hundred day simple moving average is $122.10.
Silicon Laboratories (NASDAQ:SLAB - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported ($0.11) earnings per share for the quarter, meeting the consensus estimate of ($0.11). Silicon Laboratories had a negative net margin of 32.69% and a negative return on equity of 10.46%. The firm had revenue of $166.25 million for the quarter, compared to analyst estimates of $166.09 million. During the same quarter last year, the firm earned ($1.19) earnings per share. The company's revenue for the quarter was up 91.4% on a year-over-year basis. As a group, sell-side analysts predict that Silicon Laboratories Inc. will post -0.97 EPS for the current fiscal year.
Insider Buying and Selling at Silicon Laboratories
In related news, Director William G. Bock sold 1,000 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $149.43, for a total value of $149,430.00. Following the sale, the director now owns 31,115 shares of the company's stock, valued at $4,649,514.45. The trade was a 3.11 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Navdeep S. Sooch sold 2,360 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $149.00, for a total transaction of $351,640.00. Following the sale, the director now directly owns 400,567 shares of the company's stock, valued at approximately $59,684,483. The trade was a 0.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,360 shares of company stock valued at $782,610 in the last 90 days. 1.60% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
SLAB has been the subject of a number of analyst reports. Barclays boosted their price objective on Silicon Laboratories from $75.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Friday, January 17th. KeyCorp lifted their price objective on shares of Silicon Laboratories from $115.00 to $160.00 and gave the company an "overweight" rating in a research note on Wednesday, January 22nd. Susquehanna started coverage on shares of Silicon Laboratories in a research note on Tuesday, December 17th. They set a "neutral" rating and a $130.00 price target on the stock. Stifel Nicolaus boosted their price objective on shares of Silicon Laboratories from $135.00 to $145.00 and gave the stock a "buy" rating in a report on Monday, January 6th. Finally, StockNews.com lowered shares of Silicon Laboratories from a "hold" rating to a "sell" rating in a research report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $136.20.
Check Out Our Latest Research Report on Silicon Laboratories
Silicon Laboratories Profile
(
Free Report)
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.
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