Silicon Laboratories, Inc. (NASDAQ:SLAB) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC decreased its stake in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB - Free Report) by 9.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,574 shares of the semiconductor company's stock after selling 2,217 shares during the quarter. SG Americas Securities LLC owned about 0.07% of Silicon Laboratories worth $2,429,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Jones Financial Companies Lllp boosted its position 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 worth $28,000 after purchasing an additional 69 shares during the period. UMB Bank n.a. boosted its position in shares of Silicon Laboratories by 111.3% during the first quarter. UMB Bank n.a. now owns 336 shares of the semiconductor company's stock worth $38,000 after buying an additional 177 shares during the period. Parallel Advisors LLC boosted its position in shares of Silicon Laboratories by 143.7% during the first quarter. Parallel Advisors LLC now owns 463 shares of the semiconductor company's stock worth $52,000 after buying an additional 273 shares during the period. Headlands Technologies LLC acquired a new stake in shares of Silicon Laboratories in the fourth quarter valued at $70,000. Finally, Venturi Wealth Management LLC raised its holdings in shares of Silicon Laboratories by 207.0% in the 4th quarter. Venturi Wealth Management LLC now owns 786 shares of the semiconductor company's stock valued at $98,000 after buying an additional 530 shares during the period.

Silicon Laboratories Price Performance

Shares of SLAB stock traded down $1.02 during trading hours on Wednesday, hitting $140.79. The stock had a trading volume of 305,420 shares, compared to its average volume of 341,619. The firm has a market capitalization of $4.59 billion, a PE ratio of -27.48 and a beta of 1.42. The stock's 50 day moving average is $115.60 and its 200 day moving average is $124.51. Silicon Laboratories, Inc. has a twelve month low of $82.82 and a twelve month high of $160.00.

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

Analysts Set New Price Targets

Several equities analysts have commented on SLAB shares. Stifel Nicolaus dropped their price target on shares of Silicon Laboratories from $145.00 to $120.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Susquehanna boosted their target price on Silicon Laboratories from $100.00 to $110.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 14th. Barclays decreased their price objective 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. Wall Street Zen upgraded shares of Silicon Laboratories from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Finally, Benchmark reiterated a "buy" rating and issued a $160.00 price target 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's stock. Based on data from MarketBeat, Silicon Laboratories presently has a consensus rating of "Moderate Buy" and an average price target of $126.50.

Insider Transactions at Silicon Laboratories

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 shares were sold at an average price of $131.20, for a total transaction of $771,324.80. Following the completion of the sale, the chief executive officer now directly owns 73,688 shares in the company, valued at approximately $9,667,865.60. This trade represents a 7.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 stock was sold at an average price of $104.45, for a total value of $57,029.70. Following the sale, the director now directly owns 8,492 shares in the company, valued at $886,989.40. This trade represents a 6.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,626 shares of company stock worth $1,509,319 over the last ninety days. 1.60% of the stock is currently owned by company 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.