Emerald Advisers LLC Lowers Holdings in Silicon Laboratories Inc. (NASDAQ:SLAB)

Emerald Advisers LLC lowered its position in shares of Silicon Laboratories Inc. (NASDAQ:SLAB - Free Report) by 48.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,296 shares of the semiconductor company's stock after selling 4,891 shares during the period. Emerald Advisers LLC's holdings in Silicon Laboratories were worth $658,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in shares of Silicon Laboratories during the fourth quarter valued at approximately $14,252,000. Arizona State Retirement System lifted its position in shares of Silicon Laboratories by 1.8% in the 4th quarter. Arizona State Retirement System now owns 9,360 shares of the semiconductor company's stock worth $1,163,000 after purchasing an additional 167 shares during the period. Franklin Resources Inc. boosted its stake in shares of Silicon Laboratories by 1.9% during the 3rd quarter. Franklin Resources Inc. now owns 231,889 shares of the semiconductor company's stock valued at $27,001,000 after purchasing an additional 4,278 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Silicon Laboratories during the third quarter valued at about $7,408,000. Finally, Intech Investment Management LLC raised its stake in Silicon Laboratories by 82.9% in the third quarter. Intech Investment Management LLC now owns 12,837 shares of the semiconductor company's stock worth $1,484,000 after buying an additional 5,818 shares in the last quarter.

Analyst Upgrades and Downgrades

SLAB has been the topic of several research reports. Needham & Company LLC reaffirmed a "buy" rating and set a $150.00 price objective on shares of Silicon Laboratories in a research report on Wednesday, March 12th. StockNews.com cut shares of Silicon Laboratories from a "hold" rating to a "sell" rating in a research report on Thursday. Barclays raised their target price on shares of Silicon Laboratories from $75.00 to $120.00 and gave the company an "equal weight" rating in a research note on Friday, January 17th. Benchmark reaffirmed a "buy" rating and set a $160.00 price target on shares of Silicon Laboratories in a report on Wednesday, March 12th. Finally, Susquehanna assumed coverage on shares of Silicon Laboratories in a research note on Tuesday, December 17th. They set a "neutral" rating and a $130.00 target price on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, Silicon Laboratories presently has an average rating of "Hold" and an average target price of $136.20.

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Insider Activity at Silicon Laboratories

In other Silicon Laboratories news, Director Navdeep S. Sooch sold 2,360 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $149.00, for a total transaction of $351,640.00. Following the sale, the director now owns 400,567 shares in the company, valued at approximately $59,684,483. This trade represents a 0.59 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William G. Bock sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $149.43, for a total transaction of $149,430.00. Following the completion of the transaction, the director now owns 31,115 shares of the company's stock, valued at approximately $4,649,514.45. The trade was a 3.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,360 shares of company stock worth $782,610. Corporate insiders own 1.72% of the company's stock.

Silicon Laboratories Trading Down 5.5 %

NASDAQ SLAB traded down $6.54 during trading hours on Friday, hitting $113.03. 340,644 shares of the company's stock traded hands, compared to its average volume of 314,853. Silicon Laboratories Inc. has a 52 week low of $94.00 and a 52 week high of $160.00. The firm has a market capitalization of $3.67 billion, a P/E ratio of -19.03 and a beta of 1.15. The business's fifty day moving average price is $136.65 and its two-hundred day moving average price is $123.53.

Silicon Laboratories (NASDAQ:SLAB - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported ($0.11) earnings per share for the quarter, hitting the consensus estimate of ($0.11). The business had revenue of $166.25 million for the quarter, compared to analysts' expectations of $166.09 million. Silicon Laboratories had a negative net margin of 32.69% and a negative return on equity of 10.46%. The company's revenue was up 91.4% compared to the same quarter last year. During the same quarter last year, the company posted ($1.19) EPS. On average, sell-side analysts expect that Silicon Laboratories Inc. will post -0.97 EPS for the current fiscal year.

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.