Silicon Laboratories Inc. (NASDAQ:SLAB) Shares Sold by Capital Fund Management S.A.

Capital Fund Management S.A. cut its holdings in Silicon Laboratories Inc. (NASDAQ:SLAB - Free Report) by 17.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 46,074 shares of the semiconductor company's stock after selling 9,872 shares during the quarter. Capital Fund Management S.A. owned about 0.14% of Silicon Laboratories worth $5,723,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SLAB. Raymond James Financial Inc. purchased a new position in shares of Silicon Laboratories in the 4th quarter valued at approximately $14,252,000. Invesco Ltd. lifted its stake in shares of Silicon Laboratories by 46.9% during the fourth quarter. Invesco Ltd. now owns 595,382 shares of the semiconductor company's stock worth $73,958,000 after buying an additional 190,085 shares during the period. Bank of Montreal Can increased its position in shares of Silicon Laboratories by 25.6% in the 4th quarter. Bank of Montreal Can now owns 4,474 shares of the semiconductor company's stock valued at $556,000 after acquiring an additional 911 shares during the period. FMR LLC raised its stake in Silicon Laboratories by 0.5% in the 4th quarter. FMR LLC now owns 4,867,203 shares of the semiconductor company's stock worth $604,604,000 after acquiring an additional 23,833 shares during the last quarter. Finally, Federated Hermes Inc. grew its stake in Silicon Laboratories by 4.1% during the 4th quarter. Federated Hermes Inc. now owns 638,464 shares of the semiconductor company's stock valued at $79,310,000 after purchasing an additional 25,178 shares during the last quarter.

Silicon Laboratories Price Performance

Shares of NASDAQ SLAB traded up $0.50 during midday trading on Friday, hitting $90.50. The company's stock had a trading volume of 545,330 shares, compared to its average volume of 332,795. Silicon Laboratories Inc. has a 1 year low of $82.82 and a 1 year high of $160.00. The business's fifty day simple moving average is $123.13 and its two-hundred day simple moving average is $121.71. The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of -15.24 and a beta of 1.33.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on SLAB shares. Needham & Company LLC reaffirmed a "buy" rating and set a $150.00 target price on shares of Silicon Laboratories in a report on Wednesday, March 12th. KeyCorp boosted their price target on Silicon Laboratories from $115.00 to $160.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 22nd. Stifel Nicolaus cut their price target on Silicon Laboratories from $145.00 to $120.00 and set a "buy" rating for the company in a report on Thursday. Barclays upped their target price on Silicon Laboratories from $75.00 to $120.00 and gave the company an "equal weight" rating in a report on Friday, January 17th. Finally, StockNews.com lowered shares of Silicon Laboratories from a "hold" rating to a "sell" rating in a report on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $133.70.

Insider Buying and Selling

In related news, Director Navdeep S. Sooch sold 2,360 shares of the company's stock in a transaction 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 owns 400,567 shares in the company, valued at $59,684,483. This represents a 0.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William G. Bock sold 2,000 shares of the company's stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $140.77, for a total transaction of $281,540.00. Following the completion of the sale, the director now directly owns 32,115 shares of the company's stock, valued at $4,520,828.55. The trade was a 5.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,360 shares of company stock worth $782,610 in the last ninety days. 1.60% of the stock is owned by corporate insiders.

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.