Grandeur Peak Global Advisors LLC Sells 14,716 Shares of Silicon Laboratories Inc. (NASDAQ:SLAB)

Grandeur Peak Global Advisors LLC cut its position in shares of Silicon Laboratories Inc. (NASDAQ:SLAB - Free Report) by 12.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 104,287 shares of the semiconductor company's stock after selling 14,716 shares during the quarter. Silicon Laboratories comprises 1.1% of Grandeur Peak Global Advisors LLC's investment portfolio, making the stock its 26th biggest holding. Grandeur Peak Global Advisors LLC owned approximately 0.32% of Silicon Laboratories worth $12,955,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sterling Capital Management LLC increased its stake in shares of Silicon Laboratories by 38.4% during the fourth quarter. Sterling Capital Management LLC now owns 18,981 shares of the semiconductor company's stock valued at $2,358,000 after purchasing an additional 5,269 shares in the last quarter. Kennedy Capital Management LLC increased its position in Silicon Laboratories by 7.5% during the 4th quarter. Kennedy Capital Management LLC now owns 29,524 shares of the semiconductor company's stock valued at $3,667,000 after buying an additional 2,060 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Silicon Laboratories during the fourth quarter valued at $14,252,000. Invesco Ltd. boosted its holdings in Silicon Laboratories by 46.9% in the fourth quarter. Invesco Ltd. now owns 595,382 shares of the semiconductor company's stock worth $73,958,000 after acquiring an additional 190,085 shares in the last quarter. Finally, Bank of Montreal Can grew its stake in shares of Silicon Laboratories by 25.6% in the fourth quarter. Bank of Montreal Can now owns 4,474 shares of the semiconductor company's stock worth $556,000 after acquiring an additional 911 shares during the last quarter.

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Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on SLAB shares. Needham & Company LLC reiterated a "buy" rating and issued a $150.00 price target on shares of Silicon Laboratories in a research note on Wednesday, March 12th. Benchmark reiterated a "buy" rating and set a $160.00 price target on shares of Silicon Laboratories in a report on Wednesday, March 12th. 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. StockNews.com downgraded Silicon Laboratories from a "hold" rating to a "sell" rating in a research note on Thursday, March 27th. Finally, Susquehanna initiated coverage on Silicon Laboratories in a research note on Tuesday, December 17th. They issued a "neutral" rating and a $130.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $136.20.

Silicon Laboratories Stock Up 0.3 %

Shares of Silicon Laboratories stock traded up $0.30 during trading hours on Tuesday, reaching $91.60. 304,642 shares of the stock traded hands, compared to its average volume of 331,235. Silicon Laboratories Inc. has a one year low of $82.82 and a one year high of $160.00. The firm has a market capitalization of $2.97 billion, a price-to-earnings ratio of -15.42 and a beta of 1.33. The company has a 50 day moving average price of $125.30 and a 200 day moving average price of $122.10.

Silicon Laboratories (NASDAQ:SLAB - Get Free Report) last announced its earnings results on Tuesday, February 4th. The semiconductor company reported ($0.11) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.11). The company had revenue of $166.25 million during the quarter, compared to analyst estimates of $166.09 million. Silicon Laboratories had a negative net margin of 32.69% and a negative return on equity of 10.46%. The firm's quarterly revenue was up 91.4% compared to the same quarter last year. During the same period in the previous year, the business posted ($1.19) earnings per share. Sell-side analysts anticipate that Silicon Laboratories Inc. will post -0.97 earnings per share for the current year.

Insider Buying and Selling at Silicon Laboratories

In other news, Director Navdeep S. Sooch sold 2,360 shares of the business's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $149.00, for a total value of $351,640.00. Following the transaction, the director now owns 400,567 shares of the company's stock, valued at approximately $59,684,483. The trade was a 0.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William G. Bock sold 2,000 shares of the company's stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $140.77, for a total transaction of $281,540.00. Following the transaction, the director now owns 32,115 shares of the company's stock, valued at approximately $4,520,828.55. This represents a 5.86 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,360 shares of company stock valued at $782,610 over the last ninety days. 1.60% of the stock is currently owned by company insiders.

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.