Silicon Laboratories Inc. (NASDAQ:SLAB) Shares Sold by Grandeur Peak Global Advisors LLC

Grandeur Peak Global Advisors LLC trimmed its stake in shares of Silicon Laboratories Inc. (NASDAQ:SLAB - Free Report) by 12.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 104,287 shares of the semiconductor company's stock after selling 14,716 shares during the period. Silicon Laboratories comprises 1.1% of Grandeur Peak Global Advisors LLC's holdings, making the stock its 26th largest position. Grandeur Peak Global Advisors LLC owned approximately 0.32% of Silicon Laboratories worth $12,955,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new stake in Silicon Laboratories during the fourth quarter valued at $14,252,000. Arizona State Retirement System increased its position in shares of Silicon Laboratories by 1.8% in the fourth quarter. Arizona State Retirement System now owns 9,360 shares of the semiconductor company's stock valued at $1,163,000 after buying an additional 167 shares in the last quarter. Franklin Resources Inc. raised its position in Silicon Laboratories by 1.9% during the third quarter. Franklin Resources Inc. now owns 231,889 shares of the semiconductor company's stock worth $27,001,000 after acquiring an additional 4,278 shares during the period. Barclays PLC lifted its holdings in Silicon Laboratories by 23.4% during the third quarter. Barclays PLC now owns 70,568 shares of the semiconductor company's stock valued at $8,157,000 after purchasing an additional 13,363 shares in the last quarter. Finally, Arkadios Wealth Advisors acquired a new stake in shares of Silicon Laboratories in the fourth quarter valued at about $237,000.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Benchmark reiterated a "buy" rating and issued a $160.00 price objective on shares of Silicon Laboratories in a report on Wednesday, March 12th. KeyCorp raised their price objective on Silicon Laboratories from $115.00 to $160.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 22nd. Needham & Company LLC reissued a "buy" rating and issued a $150.00 price target on shares of Silicon Laboratories in a research note on Wednesday, March 12th. StockNews.com lowered Silicon Laboratories from a "hold" rating to a "sell" rating in a research report on Thursday, March 27th. Finally, Barclays boosted their price target on shares of Silicon Laboratories from $75.00 to $120.00 and gave the stock an "equal weight" rating in a research note on Friday, January 17th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $133.70.

Silicon Laboratories Trading Up 0.8 %

SLAB stock traded up $0.70 during trading on Thursday, hitting $90.70. 321,990 shares of the company's stock were exchanged, compared to its average volume of 331,714. The stock has a market capitalization of $2.95 billion, a price-to-earnings ratio of -15.20 and a beta of 1.33. Silicon Laboratories Inc. has a 52-week low of $82.82 and a 52-week high of $160.00. The business has a 50-day moving average price of $124.25 and a two-hundred day moving average price of $121.88.

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

Insider Buying and Selling

In related news, Director William G. Bock sold 1,000 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $149.43, for a total transaction of $149,430.00. Following the completion of the sale, the director now owns 31,115 shares in the company, valued at $4,649,514.45. This represents a 3.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Navdeep S. Sooch sold 2,360 shares of the company's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $149.00, for a total transaction of $351,640.00. Following the completion of the sale, the director now directly owns 400,567 shares of the company's stock, valued at $59,684,483. The trade was a 0.59 % 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 quarter. 1.60% of the stock is owned by insiders.

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.