Silicon Laboratories Inc. (NASDAQ:SLAB) Short Interest Update

Silicon Laboratories Inc. (NASDAQ:SLAB - Get Free Report) saw a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 1,900,000 shares, a decline of 16.3% from the March 31st total of 2,270,000 shares. Based on an average daily trading volume, of 442,800 shares, the short-interest ratio is currently 4.3 days. Currently, 6.0% of the company's stock are short sold.

Insiders Place Their Bets

In related news, 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 transaction of $57,029.70. Following the completion of the sale, the director now owns 8,492 shares in the company, valued at $886,989.40. The trade was a 6.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William G. Bock sold 1,000 shares of the stock in a transaction that occurred 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 transaction, the director now owns 31,115 shares in the company, valued at $4,649,514.45. This represents a 3.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.60% of the stock is owned by company insiders.

Institutional Trading of Silicon Laboratories

Institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in shares of Silicon Laboratories during the 4th quarter worth $14,252,000. Arizona State Retirement System boosted 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 worth $1,163,000 after acquiring an additional 167 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Silicon Laboratories by 1.9% during the 3rd quarter. Franklin Resources Inc. now owns 231,889 shares of the semiconductor company's stock valued at $27,001,000 after buying an additional 4,278 shares during the period. Barclays PLC raised its position in shares of Silicon Laboratories by 23.4% in the 3rd quarter. Barclays PLC now owns 70,568 shares of the semiconductor company's stock worth $8,157,000 after buying an additional 13,363 shares during the period. Finally, Arkadios Wealth Advisors acquired a new stake in Silicon Laboratories during the fourth quarter worth about $237,000.

Analyst Ratings Changes

Several research firms have recently weighed in on SLAB. StockNews.com downgraded Silicon Laboratories from a "hold" rating to a "sell" rating in a report on Thursday, March 27th. Barclays dropped their price objective on shares of Silicon Laboratories from $120.00 to $80.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Needham & Company LLC reiterated a "buy" rating and set a $150.00 target price on shares of Silicon Laboratories in a research note on Wednesday, March 12th. Benchmark restated a "buy" rating and issued a $160.00 price target on shares of Silicon Laboratories in a research report on Wednesday, March 12th. Finally, KeyCorp increased 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $129.00.

Silicon Laboratories Trading Down 0.0 %

Shares of NASDAQ:SLAB traded down $0.03 on Wednesday, reaching $106.68. 91,356 shares of the company were exchanged, compared to its average volume of 327,074. The company has a 50-day moving average of $110.38 and a 200-day moving average of $120.49. The firm has a market cap of $3.46 billion, a price-to-earnings ratio of -17.96 and a beta of 1.36. Silicon Laboratories has a 1-year low of $82.82 and a 1-year high of $160.00.

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

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.