Duality Advisers LP Sells 13,582 Shares of Silicon Laboratories Inc. (NASDAQ:SLAB)

Duality Advisers LP reduced its stake in Silicon Laboratories Inc. (NASDAQ:SLAB - Free Report) by 71.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,437 shares of the semiconductor company's stock after selling 13,582 shares during the period. Duality Advisers LP's holdings in Silicon Laboratories were worth $719,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. OLD National Bancorp IN purchased a new stake in Silicon Laboratories during the fourth quarter worth about $253,000. CWM LLC increased its stake in Silicon Laboratories by 78.1% during the fourth quarter. CWM LLC now owns 374 shares of the semiconductor company's stock worth $49,000 after purchasing an additional 164 shares during the period. Knights of Columbus Asset Advisors LLC increased its stake in Silicon Laboratories by 102.9% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 31,275 shares of the semiconductor company's stock worth $4,137,000 after purchasing an additional 15,860 shares during the period. Federated Hermes Inc. increased its stake in Silicon Laboratories by 6.9% during the fourth quarter. Federated Hermes Inc. now owns 516,484 shares of the semiconductor company's stock worth $68,315,000 after purchasing an additional 33,357 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Silicon Laboratories by 12.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,160 shares of the semiconductor company's stock worth $947,000 after purchasing an additional 788 shares during the period.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SLAB. StockNews.com lowered shares of Silicon Laboratories from a "hold" rating to a "sell" rating in a research note on Friday, December 29th. Barclays lowered their price objective on Silicon Laboratories from $140.00 to $120.00 and set an "equal weight" rating for the company in a research report on Thursday. JPMorgan Chase & Co. lowered their price objective on Silicon Laboratories from $165.00 to $150.00 and set an "overweight" rating for the company in a research report on Thursday. Benchmark reissued a "hold" rating on shares of Silicon Laboratories in a research report on Thursday. Finally, TD Cowen lowered their price objective on Silicon Laboratories from $155.00 to $145.00 and set a "buy" rating for the company in a research report on Thursday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $135.00.

Silicon Laboratories Trading Up 4.1 %

Shares of Silicon Laboratories stock traded up $4.67 during trading hours on Thursday, hitting $118.93. 645,995 shares of the company were exchanged, compared to its average volume of 327,570. Silicon Laboratories Inc. has a 1 year low of $74.56 and a 1 year high of $166.94. The business has a 50-day moving average of $134.38 and a 200-day moving average of $122.12. The stock has a market capitalization of $3.79 billion, a price-to-earnings ratio of -105.25 and a beta of 1.27.

Silicon Laboratories (NASDAQ:SLAB - Get Free Report) last released its quarterly earnings results on Wednesday, April 24th. The semiconductor company reported ($1.34) EPS for the quarter, missing the consensus estimate of ($1.29) by ($0.05). Silicon Laboratories had a positive return on equity of 0.97% and a negative net margin of 4.41%. The company had revenue of $106.38 million for the quarter, compared to analysts' expectations of $104.45 million. As a group, research analysts anticipate that Silicon Laboratories Inc. will post -1.66 earnings per share for the current fiscal 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.