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

Crossmark Global Holdings Inc. lowered its position in Silicon Laboratories Inc. (NASDAQ:SLAB) by 4.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,012 shares of the semiconductor company’s stock after selling 96 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Silicon Laboratories were worth $250,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SLAB. Advisors Asset Management Inc. boosted its stake in shares of Silicon Laboratories by 159.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 275 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 169 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Silicon Laboratories by 84.1% during the 3rd quarter. GAMMA Investing LLC now owns 497 shares of the semiconductor company’s stock worth $57,000 after purchasing an additional 227 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of Silicon Laboratories by 11,457.1% during the 3rd quarter. International Assets Investment Management LLC now owns 809 shares of the semiconductor company’s stock worth $93,000 after purchasing an additional 802 shares during the last quarter. Van ECK Associates Corp acquired a new position in shares of Silicon Laboratories during the 3rd quarter worth about $189,000. Finally, nVerses Capital LLC acquired a new position in shares of Silicon Laboratories during the 3rd quarter worth about $196,000.

Wall Street Analysts Forecast Growth

SLAB has been the subject of several recent research reports. JPMorgan Chase & Co. cut their price target on Silicon Laboratories from $150.00 to $135.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Stifel Nicolaus upped their price target on Silicon Laboratories from $135.00 to $145.00 and gave the company a “buy” rating in a report on Monday, January 6th. Benchmark reaffirmed a “hold” rating on shares of Silicon Laboratories in a report on Tuesday, November 5th. Susquehanna initiated coverage on Silicon Laboratories in a report on Tuesday, December 17th. They issued a “neutral” rating and a $130.00 price target for the company. Finally, StockNews.com raised Silicon Laboratories to a “sell” rating in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $133.56.

Insider Buying and Selling at Silicon Laboratories

In related news, Director William G. Bock sold 2,000 shares of Silicon Laboratories stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $140.77, for a total value of $281,540.00. Following the sale, the director now owns 32,115 shares of the company’s stock, valued at approximately $4,520,828.55. The trade was a 5.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.72% of the company’s stock.

Silicon Laboratories Stock Down 2.5 %

Shares of NASDAQ SLAB opened at $132.12 on Tuesday. Silicon Laboratories Inc. has a twelve month low of $94.00 and a twelve month high of $154.91. The firm has a fifty day simple moving average of $123.95 and a 200 day simple moving average of $115.84. The company has a market capitalization of $4.29 billion, a PE ratio of -17.85 and a beta of 1.17.

Silicon Laboratories (NASDAQ:SLAB) last announced its quarterly earnings data 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 firm had revenue of $166.00 million for the quarter, compared to analyst estimates of $165.50 million. During the same quarter in the prior year, the business earned $0.48 earnings per share. The business’s quarterly revenue was down 18.5% compared to the same quarter last year. As a group, equities analysts expect that Silicon Laboratories Inc. will post -3.56 earnings per share 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.