Silicon Laboratories Inc. (NASDAQ:SLAB) Shares Sold by Pathstone Holdings LLC

Pathstone Holdings LLC cut its holdings in Silicon Laboratories Inc. (NASDAQ:SLAB - Free Report) by 2.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 431,414 shares of the semiconductor company's stock after selling 11,482 shares during the period. Pathstone Holdings LLC owned about 1.34% of Silicon Laboratories worth $49,858,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in SLAB. CWM LLC increased its position in 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 in the last quarter. Natixis acquired a new position in shares of Silicon Laboratories in the first quarter valued at approximately $647,000. Vanguard Group Inc. raised its position in shares of Silicon Laboratories by 0.7% in the first quarter. Vanguard Group Inc. now owns 3,489,160 shares of the semiconductor company's stock valued at $501,462,000 after buying an additional 24,997 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Silicon Laboratories by 284.6% during the second quarter. SG Americas Securities LLC now owns 7,076 shares of the semiconductor company's stock valued at $783,000 after buying an additional 5,236 shares during the period. Finally, Clearbridge Investments LLC boosted its position in Silicon Laboratories by 84.0% during the second quarter. Clearbridge Investments LLC now owns 273,776 shares of the semiconductor company's stock worth $30,288,000 after acquiring an additional 125,022 shares during the last quarter.

Silicon Laboratories Trading Down 2.3 %

SLAB traded down $2.31 during trading on Tuesday, hitting $98.40. 165,730 shares of the company's stock were exchanged, compared to its average volume of 298,730. The stock has a 50 day moving average price of $111.42 and a 200 day moving average price of $114.48. Silicon Laboratories Inc. has a 1 year low of $94.00 and a 1 year high of $154.91. The firm has a market cap of $3.19 billion, a P/E ratio of -13.30 and a beta of 1.20.

Silicon Laboratories (NASDAQ:SLAB - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The semiconductor company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.07. The firm had revenue of $166.00 million during the quarter, compared to the consensus estimate 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 quarterly revenue was down 18.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.48 EPS. Analysts forecast that Silicon Laboratories Inc. will post -3.56 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Brandon Tolany sold 845 shares of Silicon Laboratories stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $115.00, for a total transaction of $97,175.00. Following the sale, the senior vice president now directly owns 43,615 shares of the company's stock, valued at approximately $5,015,725. The trade was a 1.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.72% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SLAB. StockNews.com raised Silicon Laboratories to a "sell" rating in a research note on Friday, November 8th. Needham & Company LLC reissued a "buy" rating and issued a $150.00 price target on shares of Silicon Laboratories in a research note on Thursday, July 25th. Barclays dropped their price objective on shares of Silicon Laboratories from $120.00 to $75.00 and set an "equal weight" rating for the company in a research note on Tuesday, November 5th. Benchmark reiterated a "hold" rating on shares of Silicon Laboratories in a report on Tuesday, November 5th. Finally, KeyCorp dropped their price target on shares of Silicon Laboratories from $150.00 to $115.00 and set an "overweight" rating for the company in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $121.50.

Silicon Laboratories 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.