Cwm LLC Has $106,000 Position in Silicon Laboratories, Inc. (NASDAQ:SLAB)

Key Points

• Cwm LLC significantly reduced its holdings in Silicon Laboratories, Inc. by 92.5% in the first quarter, now owning only 944 shares valued at approximately $106,000.
• Other institutional investors, such as UMB Bank and Parallel Advisors LLC, increased their stakes significantly during the same period, indicating mixed sentiment among investors.
• Silicon Laboratories reported a loss of $0.08 per share for the last quarter, surpassing analysts' expectations, with a revenue increase of 67% compared to the previous year.

CWM LLC lowered its position in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB - Free Report) by 92.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 944 shares of the semiconductor company's stock after selling 11,725 shares during the quarter. CWM LLC's holdings in Silicon Laboratories were worth $106,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Coldstream Capital Management Inc. boosted its stake in Silicon Laboratories by 2.8% during the 4th quarter. Coldstream Capital Management Inc. now owns 2,473 shares of the semiconductor company's stock valued at $307,000 after purchasing an additional 68 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Silicon Laboratories by 1.5% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 6,668 shares of the semiconductor company's stock valued at $751,000 after purchasing an additional 100 shares in the last quarter. State of Michigan Retirement System boosted its stake in Silicon Laboratories by 1.3% during the 1st quarter. State of Michigan Retirement System now owns 7,797 shares of the semiconductor company's stock valued at $878,000 after purchasing an additional 100 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in Silicon Laboratories by 1.1% during the 1st quarter. Louisiana State Employees Retirement System now owns 9,100 shares of the semiconductor company's stock valued at $1,024,000 after purchasing an additional 100 shares in the last quarter. Finally, UMB Bank n.a. boosted its stake in Silicon Laboratories by 111.3% during the 1st quarter. UMB Bank n.a. now owns 336 shares of the semiconductor company's stock valued at $38,000 after purchasing an additional 177 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SLAB. Wall Street Zen upgraded Silicon Laboratories from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Stifel Nicolaus increased their price objective on Silicon Laboratories from $144.00 to $160.00 and gave the company a "buy" rating in a research report on Friday, July 18th. KeyCorp increased their price objective on Silicon Laboratories from $160.00 to $180.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Needham & Company LLC reiterated a "buy" rating and set a $150.00 price objective on shares of Silicon Laboratories in a research report on Wednesday, May 14th. Finally, Barclays cut their price objective on Silicon Laboratories from $120.00 to $80.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $139.00.

Insider Transactions at Silicon Laboratories

In other Silicon Laboratories news, SVP Robert J. Conrad sold 4,029 shares of the stock in a transaction on Friday, May 16th. The shares were sold at an average price of $131.20, for a total transaction of $528,604.80. Following the transaction, the senior vice president directly owned 25,380 shares of the company's stock, valued at $3,329,856. This represents a 13.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Robert Matthew Johnson sold 5,879 shares of the stock in a transaction on Friday, May 16th. The stock was sold at an average price of $131.20, for a total transaction of $771,324.80. Following the transaction, the chief executive officer directly owned 73,688 shares in the company, valued at $9,667,865.60. The trade was a 7.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,626 shares of company stock valued at $1,509,319. 1.60% of the stock is owned by insiders.

Silicon Laboratories Stock Down 2.3%

Shares of SLAB traded down $3.00 during mid-day trading on Friday, reaching $128.77. The company's stock had a trading volume of 477,561 shares, compared to its average volume of 431,637. The business has a fifty day moving average of $138.29 and a 200 day moving average of $128.34. The company has a market cap of $4.19 billion, a price-to-earnings ratio of -25.20 and a beta of 1.48. Silicon Laboratories, Inc. has a 1 year low of $82.82 and a 1 year high of $160.00.

Silicon Laboratories (NASDAQ:SLAB - Get Free Report) last posted its quarterly earnings results on Tuesday, May 13th. The semiconductor company reported ($0.08) earnings per share for the quarter, topping analysts' consensus estimates of ($0.09) by $0.01. Silicon Laboratories had a negative net margin of 25.16% and a negative return on equity of 8.80%. The business had revenue of $177.71 million for the quarter, compared to the consensus estimate of $177.48 million. During the same period in the prior year, the business posted ($0.92) earnings per share. Silicon Laboratories's revenue for the quarter was up 67.0% compared to the same quarter last year. On average, analysts predict that Silicon Laboratories, Inc. will post -0.97 earnings per share for the current 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.