Leeward Investments LLC MA Has $10.94 Million Holdings in Silicon Laboratories, Inc. (NASDAQ:SLAB)

Leeward Investments LLC MA lifted its holdings in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB - Free Report) by 17.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 97,176 shares of the semiconductor company's stock after purchasing an additional 14,304 shares during the quarter. Leeward Investments LLC MA owned approximately 0.30% of Silicon Laboratories worth $10,939,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in shares of Silicon Laboratories during the 4th quarter worth $14,252,000. Arizona State Retirement System increased its position in Silicon Laboratories by 1.8% during the fourth quarter. Arizona State Retirement System now owns 9,360 shares of the semiconductor company's stock worth $1,163,000 after buying an additional 167 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in Silicon Laboratories by 2.9% during the first quarter. Oppenheimer Asset Management Inc. now owns 7,379 shares of the semiconductor company's stock worth $831,000 after buying an additional 210 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Silicon Laboratories by 9.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,334 shares of the semiconductor company's stock valued at $290,000 after acquiring an additional 206 shares during the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of Silicon Laboratories by 3.5% during the 1st quarter. Rhumbline Advisers now owns 104,407 shares of the semiconductor company's stock valued at $11,753,000 after acquiring an additional 3,550 shares during the last quarter.

Silicon Laboratories Price Performance

Shares of Silicon Laboratories stock traded up $0.85 during midday trading on Friday, hitting $153.55. The company had a trading volume of 261,814 shares, compared to its average volume of 345,396. The business's 50 day simple moving average is $129.53 and its two-hundred day simple moving average is $126.83. The stock has a market cap of $5.00 billion, a PE ratio of -30.05 and a beta of 1.47. 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 data on Tuesday, May 13th. The semiconductor company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $177.71 million for the quarter, compared to the consensus estimate of $177.48 million. During the same quarter in the previous year, the firm posted ($0.92) EPS. The business's revenue was up 67.0% compared to the same quarter last year. On average, sell-side analysts expect that Silicon Laboratories, Inc. will post -0.97 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Robert Matthew Johnson sold 5,879 shares of Silicon Laboratories stock in a transaction that occurred 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 sale, the chief executive officer owned 73,688 shares of the company's stock, valued at approximately $9,667,865.60. This trade represents a 7.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christy Wyatt sold 546 shares of the business'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 value of $57,029.70. Following the sale, the director owned 8,492 shares in the company, valued at approximately $886,989.40. This represents a 6.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,626 shares of company stock valued at $1,509,319 over the last three months. 1.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on SLAB. Susquehanna increased their price objective on Silicon Laboratories from $100.00 to $110.00 and gave the company a "neutral" rating in a report on Wednesday, May 14th. Stifel Nicolaus lowered their price target on Silicon Laboratories from $145.00 to $120.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Barclays lowered their target price on shares of Silicon Laboratories from $120.00 to $80.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Needham & Company LLC reiterated a "buy" rating and issued a $150.00 target price on shares of Silicon Laboratories in a research note on Wednesday, May 14th. Finally, Benchmark reiterated a "buy" rating and issued a $160.00 target price on shares of Silicon Laboratories in a research note on Tuesday, May 27th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $126.50.

Silicon Laboratories Company 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.