Silicon Laboratories Inc. (NASDAQ:SLAB) Stake Cut by Global Retirement Partners LLC

Global Retirement Partners LLC cut its holdings in shares of Silicon Laboratories Inc. (NASDAQ:SLAB) by 24.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 407 shares of the semiconductor company’s stock after selling 135 shares during the quarter. Global Retirement Partners LLC’s holdings in Silicon Laboratories were worth $51,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Advisors Asset Management Inc. boosted its holdings in shares of Silicon Laboratories by 159.4% during the third quarter. Advisors Asset Management Inc. now owns 275 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 169 shares during the period. International Assets Investment Management LLC boosted its stake 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 valued at $93,000 after buying an additional 802 shares during the period. Venturi Wealth Management LLC boosted its stake in shares of Silicon Laboratories by 207.0% during the 4th quarter. Venturi Wealth Management LLC now owns 786 shares of the semiconductor company’s stock valued at $98,000 after buying an additional 530 shares during the period. Asset Management One Co. Ltd. purchased a new position in shares of Silicon Laboratories during the 4th quarter valued at $117,000. Finally, KBC Group NV increased its stake in shares of Silicon Laboratories by 42.1% in the fourth quarter. KBC Group NV now owns 1,279 shares of the semiconductor company’s stock worth $159,000 after acquiring an additional 379 shares during the last quarter.

Insider Activity

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

Analysts Set New Price Targets

A number of analysts recently issued reports on SLAB shares. Benchmark raised Silicon Laboratories from a “hold” rating to a “buy” rating and set a $160.00 price objective for the company in a research report on Wednesday, February 5th. Stifel Nicolaus lifted 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. JPMorgan Chase & Co. dropped their price objective on Silicon Laboratories from $150.00 to $135.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Needham & Company LLC raised their price objective on shares of Silicon Laboratories from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, February 5th. Finally, StockNews.com downgraded shares of Silicon Laboratories from a “hold” rating to a “sell” rating in a research report on Friday. One equities 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, the stock currently has an average rating of “Hold” and an average price target of $136.20.

Silicon Laboratories Stock Up 3.2 %

Shares of SLAB stock opened at $140.30 on Friday. Silicon Laboratories Inc. has a 12 month low of $94.00 and a 12 month high of $160.00. The company has a market cap of $4.55 billion, a PE ratio of -23.62 and a beta of 1.16. The business’s 50 day moving average is $137.80 and its two-hundred day moving average is $121.43.

Silicon Laboratories (NASDAQ:SLAB) last posted its earnings results on Tuesday, February 4th. The semiconductor company reported ($0.11) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.11). The business had revenue of $166.25 million for the quarter, compared to analyst estimates of $166.09 million. Silicon Laboratories had a negative net margin of 32.69% and a negative return on equity of 10.46%. Silicon Laboratories’s revenue was up 91.4% compared to the same quarter last year. During the same period last year, the business posted ($1.19) EPS. As a group, equities analysts expect that Silicon Laboratories Inc. will post -0.97 EPS for the current fiscal year.

About Silicon Laboratories

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.