Axa S.A. Reduces Position in Silicon Laboratories Inc. (NASDAQ:SLAB)

AXA S.A. lowered its stake in shares of Silicon Laboratories Inc. (NASDAQ:SLAB - Free Report) by 2.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 163,459 shares of the semiconductor company's stock after selling 3,809 shares during the quarter. AXA S.A. owned about 0.50% of Silicon Laboratories worth $20,305,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Coldstream Capital Management Inc. raised its holdings in shares of Silicon Laboratories by 2.8% during the fourth quarter. Coldstream Capital Management Inc. now owns 2,473 shares of the semiconductor company's stock worth $307,000 after purchasing an additional 68 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of Silicon Laboratories by 44.5% during the 4th quarter. Jones Financial Companies Lllp now owns 224 shares of the semiconductor company's stock valued at $28,000 after buying an additional 69 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Silicon Laboratories by 1.8% in the fourth quarter. Pacer Advisors Inc. now owns 4,839 shares of the semiconductor company's stock worth $601,000 after buying an additional 87 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in Silicon Laboratories by 1.1% during the fourth quarter. Louisiana State Employees Retirement System now owns 9,000 shares of the semiconductor company's stock worth $1,118,000 after acquiring an additional 100 shares during the period. Finally, Oppenheimer Asset Management Inc. raised its position in Silicon Laboratories by 1.4% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 7,169 shares of the semiconductor company's stock valued at $891,000 after acquiring an additional 102 shares in the last quarter.

Silicon Laboratories Price Performance

Shares of SLAB stock traded up $5.97 during trading on Friday, hitting $117.04. 306,143 shares of the stock traded hands, compared to its average volume of 327,769. The firm has a market capitalization of $3.80 billion, a P/E ratio of -19.70 and a beta of 1.36. Silicon Laboratories Inc. has a 52-week low of $82.82 and a 52-week high of $160.00. The firm's fifty day moving average price is $109.29 and its 200-day moving average price is $120.39.

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on SLAB shares. Benchmark reaffirmed a "buy" rating and set a $160.00 target price on shares of Silicon Laboratories in a report on Wednesday, March 12th. Stifel Nicolaus cut their price objective on shares of Silicon Laboratories from $145.00 to $120.00 and set a "buy" rating for the company in a report on Thursday, April 17th. StockNews.com lowered shares of Silicon Laboratories from a "hold" rating to a "sell" rating in a research note on Thursday, March 27th. Barclays cut their price target on Silicon Laboratories from $120.00 to $80.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $150.00 price target on shares of Silicon Laboratories in a report on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $129.00.

Insider Buying and Selling at Silicon Laboratories

In related news, Director William G. Bock sold 1,000 shares of Silicon Laboratories stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $149.43, for a total value of $149,430.00. Following the completion of the transaction, the director now owns 31,115 shares in the company, valued at approximately $4,649,514.45. The trade was a 3.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Christy Wyatt sold 546 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $104.45, for a total transaction of $57,029.70. Following the completion of the transaction, the director now directly owns 8,492 shares of the company's stock, valued at $886,989.40. This represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.60% of the company's stock.

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.