Squarepoint Ops LLC Boosts Stock Position in Silicon Laboratories Inc. (NASDAQ:SLAB)

Squarepoint Ops LLC raised its position in shares of Silicon Laboratories Inc. (NASDAQ:SLAB - Free Report) by 735.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,935 shares of the semiconductor company's stock after buying an additional 48,356 shares during the period. Squarepoint Ops LLC owned about 0.17% of Silicon Laboratories worth $6,824,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Jones Financial Companies Lllp lifted its stake in 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 acquiring an additional 69 shares in the last quarter. Headlands Technologies LLC purchased a new stake in Silicon Laboratories during the fourth quarter worth about $70,000. Venturi Wealth Management LLC lifted its position in shares of Silicon Laboratories by 207.0% during the fourth quarter. Venturi Wealth Management LLC now owns 786 shares of the semiconductor company's stock worth $98,000 after purchasing an additional 530 shares in the last quarter. Asset Management One Co. Ltd. acquired a new stake in shares of Silicon Laboratories during the fourth quarter worth about $117,000. Finally, KBC Group NV boosted its stake in shares of Silicon Laboratories by 42.1% in the fourth quarter. KBC Group NV now owns 1,279 shares of the semiconductor company's stock valued at $159,000 after purchasing an additional 379 shares during the period.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on SLAB shares. Susquehanna upped their target price on shares of Silicon Laboratories from $100.00 to $110.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 14th. Barclays cut their price objective on Silicon Laboratories from $120.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Wall Street Zen upgraded Silicon Laboratories from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Stifel Nicolaus lowered their target price on Silicon Laboratories from $145.00 to $120.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Finally, Benchmark restated a "buy" rating and set a $160.00 price target on shares of Silicon Laboratories in a report on Tuesday. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $126.50.

Insiders Place Their Bets

In related news, CEO Robert Matthew Johnson sold 5,879 shares of Silicon Laboratories stock in a transaction on Friday, May 16th. The shares were sold at an average price of $131.20, for a total value of $771,324.80. Following the transaction, the chief executive officer now directly owns 73,688 shares in the company, valued at $9,667,865.60. This trade represents a 7.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Christy Wyatt sold 546 shares of Silicon Laboratories stock in a transaction dated 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 sale, the director now directly owns 8,492 shares in the company, valued at approximately $886,989.40. The trade was a 6.04% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,626 shares of company stock valued at $1,509,319. Insiders own 1.60% of the company's stock.

Silicon Laboratories Stock Down 1.6%

Silicon Laboratories stock traded down $1.97 during mid-day trading on Wednesday, hitting $123.41. The company had a trading volume of 168,580 shares, compared to its average volume of 337,021. Silicon Laboratories Inc. has a 1 year low of $82.82 and a 1 year high of $160.00. The business has a fifty day moving average of $108.78 and a 200 day moving average of $121.86. The stock has a market cap of $4.02 billion, a price-to-earnings ratio of -20.78 and a beta of 1.36.

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. The firm had revenue of $177.71 million for the quarter, compared to the consensus estimate of $177.48 million. Silicon Laboratories had a negative return on equity of 10.46% and a negative net margin of 32.69%. The firm's quarterly revenue was up 67.0% compared to the same quarter last year. During the same quarter last year, the business posted ($0.92) EPS. Equities analysts anticipate that Silicon Laboratories Inc. will post -0.97 earnings per share for the current year.

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.