SG Americas Securities LLC Lowers Stock Position in Silicon Laboratories Inc. (NASDAQ:SLAB)

SG Americas Securities LLC cut its position in shares of Silicon Laboratories Inc. (NASDAQ:SLAB) by 72.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,972 shares of the semiconductor company’s stock after selling 5,104 shares during the period. SG Americas Securities LLC’s holdings in Silicon Laboratories were worth $228,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in SLAB. Capital Research Global Investors boosted its holdings in Silicon Laboratories by 29.9% during the first quarter. Capital Research Global Investors now owns 1,217,939 shares of the semiconductor company’s stock worth $175,042,000 after buying an additional 280,000 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Silicon Laboratories by 5.5% during the fourth quarter. Vanguard Group Inc. now owns 3,464,163 shares of the semiconductor company’s stock valued at $458,205,000 after purchasing an additional 179,131 shares in the last quarter. Clearbridge Investments LLC lifted its holdings in Silicon Laboratories by 84.0% during the second quarter. Clearbridge Investments LLC now owns 273,776 shares of the semiconductor company’s stock valued at $30,288,000 after purchasing an additional 125,022 shares in the last quarter. American Century Companies Inc. lifted its holdings in Silicon Laboratories by 29.5% during the second quarter. American Century Companies Inc. now owns 316,407 shares of the semiconductor company’s stock valued at $35,004,000 after purchasing an additional 72,138 shares in the last quarter. Finally, Van Berkom & Associates Inc. lifted its holdings in Silicon Laboratories by 8.4% during the second quarter. Van Berkom & Associates Inc. now owns 609,232 shares of the semiconductor company’s stock valued at $67,399,000 after purchasing an additional 47,058 shares in the last quarter.

Insider Buying and Selling

In other Silicon Laboratories news, SVP Brandon Tolany sold 845 shares of Silicon Laboratories 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 directly owns 43,615 shares in the company, valued at $5,015,725. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.72% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on SLAB shares. StockNews.com raised shares of Silicon Laboratories to a “sell” rating in a report on Tuesday, July 23rd. Needham & Company LLC reaffirmed a “buy” rating and set a $150.00 price objective on shares of Silicon Laboratories in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $135.00.

Silicon Laboratories Trading Down 2.4 %

NASDAQ:SLAB opened at $113.80 on Tuesday. The company’s 50-day moving average price is $111.83 and its 200-day moving average price is $116.86. The company has a market cap of $3.67 billion, a P/E ratio of -18.35 and a beta of 1.19. Silicon Laboratories Inc. has a twelve month low of $74.56 and a twelve month high of $154.91.

Silicon Laboratories (NASDAQ:SLAB) last released its quarterly earnings data on Wednesday, July 24th. The semiconductor company reported ($0.56) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.64) by $0.08. Silicon Laboratories had a negative net margin of 36.53% and a negative return on equity of 9.13%. The firm had revenue of $145.40 million during the quarter, compared to analysts’ expectations of $140.18 million. During the same period last year, the business earned $0.59 earnings per share. Silicon Laboratories’s revenue was down 40.6% compared to the same quarter last year. On average, analysts expect that Silicon Laboratories Inc. will post -3.41 earnings per share for the current 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.