Ieq Capital LLC Has $6.67 Million Holdings in Silicon Laboratories Inc. (NASDAQ:SLAB)

Ieq Capital LLC decreased its position in Silicon Laboratories Inc. (NASDAQ:SLAB - Free Report) by 38.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 50,434 shares of the semiconductor company's stock after selling 31,012 shares during the period. Ieq Capital LLC owned approximately 0.16% of Silicon Laboratories worth $6,671,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in SLAB. Raymond James & Associates raised its holdings in Silicon Laboratories by 14.2% during the 3rd quarter. Raymond James & Associates now owns 79,046 shares of the semiconductor company's stock worth $9,161,000 after buying an additional 9,845 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Silicon Laboratories by 6.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,372 shares of the semiconductor company's stock worth $738,000 after acquiring an additional 403 shares during the period. Park Avenue Securities LLC bought a new stake in Silicon Laboratories in the 3rd quarter valued at $339,000. Inspire Investing LLC boosted its stake in Silicon Laboratories by 33.5% in the 3rd quarter. Inspire Investing LLC now owns 2,647 shares of the semiconductor company's stock worth $307,000 after purchasing an additional 664 shares during the period. Finally, Knights of Columbus Asset Advisors LLC increased its holdings in Silicon Laboratories by 2.7% during the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 15,415 shares of the semiconductor company's stock worth $1,786,000 after purchasing an additional 405 shares in the last quarter.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. JPMorgan Chase & Co. cut their price target on Silicon Laboratories from $165.00 to $150.00 and set an "overweight" rating on the stock in a report on Thursday, April 25th. Summit Insights cut Silicon Laboratories from a "buy" rating to a "hold" rating in a research note on Wednesday, April 24th. Barclays decreased their price target on shares of Silicon Laboratories from $140.00 to $120.00 and set an "equal weight" rating for the company in a research note on Thursday, April 25th. Citigroup cut their price objective on shares of Silicon Laboratories from $137.00 to $120.00 and set a "neutral" rating on the stock in a research report on Thursday, April 25th. Finally, TD Cowen reduced their target price on shares of Silicon Laboratories from $155.00 to $145.00 and set a "buy" rating for the company in a report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $135.00.

Silicon Laboratories Stock Down 2.6 %

Shares of NASDAQ:SLAB traded down $3.36 during midday trading on Friday, hitting $124.60. The stock had a trading volume of 172,882 shares, compared to its average volume of 415,995. The company has a market cap of $3.98 billion, a P/E ratio of -37.64 and a beta of 1.25. Silicon Laboratories Inc. has a 12 month low of $74.56 and a 12 month high of $166.94. The business's 50-day simple moving average is $130.98 and its 200-day simple moving average is $123.58.

Silicon Laboratories (NASDAQ:SLAB - Get Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The semiconductor company reported ($1.34) EPS for the quarter, missing analysts' consensus estimates of ($1.29) by ($0.05). The firm had revenue of $106.38 million during the quarter, compared to the consensus estimate of $104.45 million. Silicon Laboratories had a negative net margin of 16.36% and a negative return on equity of 4.45%. As a group, equities analysts predict that Silicon Laboratories Inc. will post -3.1 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.