Loomis Sayles & Co. L P Has $53.27 Million Stock Holdings in Silicon Laboratories Inc. (NASDAQ:SLAB)

Loomis Sayles & Co. L P decreased its stake in Silicon Laboratories Inc. (NASDAQ:SLAB - Free Report) by 1.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 460,891 shares of the semiconductor company's stock after selling 7,316 shares during the quarter. Loomis Sayles & Co. L P owned approximately 1.42% of Silicon Laboratories worth $53,266,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Lazard Asset Management LLC acquired a new stake in Silicon Laboratories during the first quarter valued at $103,000. Tidal Investments LLC bought a new position in Silicon Laboratories during the first quarter valued at approximately $230,000. Harbor Capital Advisors Inc. grew its position in Silicon Laboratories by 8.5% in the second quarter. Harbor Capital Advisors Inc. now owns 1,292 shares of the semiconductor company's stock worth $143,000 after acquiring an additional 101 shares in the last quarter. 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. Finally, Linden Thomas Advisory Services LLC increased its stake in shares of Silicon Laboratories by 37.2% during 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 last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SLAB. JPMorgan Chase & Co. decreased their price objective on shares of Silicon Laboratories from $150.00 to $135.00 and set an "overweight" rating for the company in a report on Tuesday, November 5th. Benchmark reissued a "hold" rating on shares of Silicon Laboratories in a report on Tuesday, November 5th. Stifel Nicolaus reduced their target price on Silicon Laboratories from $160.00 to $135.00 and set a "buy" rating for the company in a report on Tuesday, November 5th. Barclays lowered their price target on Silicon Laboratories from $120.00 to $75.00 and set an "equal weight" rating on the stock in a report on Tuesday, November 5th. Finally, Morgan Stanley reduced 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 research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $121.50.

Silicon Laboratories Stock Performance

Shares of SLAB traded down $4.43 during trading hours on Tuesday, reaching $107.63. 326,002 shares of the company traded hands, compared to its average volume of 298,847. The stock's fifty day moving average is $111.17 and its 200 day moving average is $113.90. Silicon Laboratories Inc. has a 1-year low of $94.00 and a 1-year high of $154.91. The stock has a market cap of $3.49 billion, a P/E ratio of -14.51 and a beta of 1.20.

Silicon Laboratories (NASDAQ:SLAB - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The semiconductor company reported ($0.13) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.07. The company had revenue of $166.00 million for the quarter, compared to analyst estimates of $165.50 million. Silicon Laboratories had a negative return on equity of 12.60% and a negative net margin of 46.93%. Silicon Laboratories's revenue for the quarter was down 18.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.48 EPS. On average, equities research analysts predict that Silicon Laboratories Inc. will post -3.56 EPS for the current year.

Insider Transactions at Silicon Laboratories

In related news, SVP Brandon Tolany sold 845 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $115.00, for a total transaction of $97,175.00. Following the completion of the sale, the senior vice president now owns 43,615 shares in the company, valued at $5,015,725. This trade represents a 1.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.72% of the stock is owned by insiders.

Silicon Laboratories Company Profile

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.