Silicon Laboratories Inc. (NASDAQ:SLAB) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lessened its holdings in shares of Silicon Laboratories Inc. (NASDAQ:SLAB) by 58.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,108 shares of the semiconductor company’s stock after selling 2,913 shares during the period. Crossmark Global Holdings Inc.’s holdings in Silicon Laboratories were worth $243,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Emerald Advisers LLC acquired a new stake in Silicon Laboratories in the third quarter worth about $1,177,000. Van ECK Associates Corp acquired a new stake in Silicon Laboratories in the 3rd quarter worth approximately $189,000. Harbor Capital Advisors Inc. boosted its stake in Silicon Laboratories by 33.7% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,727 shares of the semiconductor company’s stock worth $200,000 after purchasing an additional 435 shares in the last quarter. Emerald Mutual Fund Advisers Trust purchased a new stake in Silicon Laboratories during the 3rd quarter worth approximately $1,177,000. Finally, US Bancorp DE increased its stake in Silicon Laboratories by 14.0% during the 3rd quarter. US Bancorp DE now owns 1,892 shares of the semiconductor company’s stock valued at $219,000 after purchasing an additional 232 shares in the last quarter.

Insider Buying and Selling at Silicon Laboratories

In other Silicon Laboratories news, SVP Brandon Tolany sold 845 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was 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 of the company’s stock, valued at $5,015,725. This represents a 1.90 % decrease in their position. The transaction 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 corporate insiders.

Silicon Laboratories Price Performance

NASDAQ SLAB opened at $100.71 on Tuesday. Silicon Laboratories Inc. has a 1-year low of $94.00 and a 1-year high of $154.91. The stock’s 50 day simple moving average is $111.58 and its 200-day simple moving average is $114.65. The company has a market cap of $3.27 billion, a PE ratio of -13.61 and a beta of 1.20.

Silicon Laboratories (NASDAQ:SLAB) last posted its quarterly earnings results on Monday, November 4th. The semiconductor company reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.07. Silicon Laboratories had a negative net margin of 46.93% and a negative return on equity of 12.60%. The business had revenue of $166.00 million during the quarter, compared to analysts’ expectations of $165.50 million. During the same quarter in the prior year, the company posted $0.48 EPS. The business’s revenue for the quarter was down 18.5% on a year-over-year basis. On average, equities research analysts anticipate that Silicon Laboratories Inc. will post -3.56 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on SLAB shares. Barclays dropped their price objective on shares of Silicon Laboratories from $120.00 to $75.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 5th. Needham & Company LLC reissued a “buy” rating and issued a $150.00 price objective on shares of Silicon Laboratories in a report on Thursday, July 25th. Morgan Stanley decreased their target price on Silicon Laboratories from $123.00 to $97.00 and set an “equal weight” rating for the company in a report on Tuesday, November 5th. KeyCorp cut their price target on shares of Silicon Laboratories from $150.00 to $115.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Finally, Stifel Nicolaus decreased their price objective on shares of Silicon Laboratories from $160.00 to $135.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $121.50.

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.