Smartleaf Asset Management LLC Has $101,000 Stake in Silicon Laboratories Inc. (NASDAQ:SLAB)

Smartleaf Asset Management LLC decreased its stake in shares of Silicon Laboratories Inc. (NASDAQ:SLAB) by 31.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 805 shares of the semiconductor company’s stock after selling 364 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Silicon Laboratories were worth $101,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. FMR LLC grew its position in shares of Silicon Laboratories by 1.1% during the 3rd quarter. FMR LLC now owns 4,843,370 shares of the semiconductor company’s stock worth $559,748,000 after buying an additional 54,708 shares during the period. Wellington Management Group LLP grew its position in Silicon Laboratories by 28.3% in the 3rd quarter. Wellington Management Group LLP now owns 888,382 shares of the semiconductor company’s stock valued at $102,670,000 after purchasing an additional 195,997 shares during the period. Geode Capital Management LLC grew its position in Silicon Laboratories by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 781,049 shares of the semiconductor company’s stock valued at $90,282,000 after purchasing an additional 15,728 shares during the period. GW&K Investment Management LLC grew its position in Silicon Laboratories by 5.6% in the 4th quarter. GW&K Investment Management LLC now owns 682,045 shares of the semiconductor company’s stock valued at $84,723,000 after purchasing an additional 36,330 shares during the period. Finally, Franklin Resources Inc. grew its position in Silicon Laboratories by 1.9% in 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 during the period.

Insider Buying and Selling

In other Silicon Laboratories news, Director William G. Bock sold 1,000 shares of Silicon Laboratories stock in a transaction dated 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 $4,649,514.45. The trade was a 3.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Navdeep S. Sooch sold 2,360 shares of Silicon Laboratories stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $149.00, for a total value of $351,640.00. Following the transaction, the director now directly owns 400,567 shares of the company’s stock, valued at $59,684,483. The trade was a 0.59 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,360 shares of company stock valued at $782,610. 1.72% of the stock is owned by insiders.

Silicon Laboratories Stock Performance

Shares of SLAB opened at $138.68 on Friday. The business has a 50-day moving average of $138.54 and a 200 day moving average of $122.52. Silicon Laboratories Inc. has a fifty-two week low of $94.00 and a fifty-two week high of $160.00. The firm has a market cap of $4.50 billion, a P/E ratio of -23.35 and a beta of 1.15.

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

Analyst Upgrades and Downgrades

Several analysts recently issued reports on SLAB shares. StockNews.com downgraded shares of Silicon Laboratories from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. Stifel Nicolaus lifted their price target on shares of Silicon Laboratories from $135.00 to $145.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Needham & Company LLC lifted their price target 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. Benchmark upgraded Silicon Laboratories from a “hold” rating to a “buy” rating and set a $160.00 price objective on the stock in a research note on Wednesday, February 5th. Finally, Barclays raised their price objective on Silicon Laboratories from $75.00 to $120.00 and gave the company an “equal weight” rating in a research note on Friday, January 17th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Silicon Laboratories has an average rating of “Hold” and an average target price of $136.20.

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.