Silicon Laboratories Inc. (NASDAQ:SLAB) Shares Sold by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. reduced its position in shares of Silicon Laboratories Inc. (NASDAQ:SLAB - Free Report) by 69.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,611 shares of the semiconductor company's stock after selling 120,213 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.17% of Silicon Laboratories worth $6,660,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Jones Financial Companies Lllp raised its holdings in Silicon Laboratories by 44.5% in the 4th quarter. Jones Financial Companies Lllp now owns 224 shares of the semiconductor company's stock worth $28,000 after purchasing an additional 69 shares during the period. Headlands Technologies LLC purchased a new stake in shares of Silicon Laboratories in the fourth quarter valued at approximately $70,000. Venturi Wealth Management LLC raised its stake in shares of Silicon Laboratories by 207.0% during the 4th quarter. Venturi Wealth Management LLC now owns 786 shares of the semiconductor company's stock worth $98,000 after buying an additional 530 shares during the period. Asset Management One Co. Ltd. purchased a new position in shares of Silicon Laboratories during the 4th quarter valued at approximately $117,000. Finally, KBC Group NV grew its stake in Silicon Laboratories by 42.1% in the 4th quarter. KBC Group NV now owns 1,279 shares of the semiconductor company's stock valued at $159,000 after acquiring an additional 379 shares during the period.

Silicon Laboratories Stock Up 0.2%

Shares of Silicon Laboratories stock traded up $0.32 on Wednesday, hitting $128.82. 30,512 shares of the company were exchanged, compared to its average volume of 336,079. Silicon Laboratories Inc. has a 1-year low of $82.82 and a 1-year high of $160.00. The stock has a market capitalization of $4.20 billion, a price-to-earnings ratio of -21.69 and a beta of 1.36. The company has a 50-day moving average price of $109.00 and a 200 day moving average price of $121.41.

Silicon Laboratories (NASDAQ:SLAB - Get Free Report) last issued its earnings results on Tuesday, May 13th. The semiconductor company reported ($0.08) EPS for the quarter, topping analysts' consensus estimates of ($0.09) by $0.01. Silicon Laboratories had a negative net margin of 32.69% and a negative return on equity of 10.46%. The company had revenue of $177.71 million for the quarter, compared to the consensus estimate of $177.48 million. During the same period in the previous year, the firm earned ($0.92) earnings per share. Silicon Laboratories's quarterly revenue was up 67.0% compared to the same quarter last year. Research analysts forecast that Silicon Laboratories Inc. will post -0.97 EPS for the current year.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on SLAB shares. Stifel Nicolaus decreased their price objective on shares of Silicon Laboratories from $145.00 to $120.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. KeyCorp raised their price target on shares of Silicon Laboratories from $115.00 to $160.00 and gave the company an "overweight" rating in a research note on Wednesday, January 22nd. Benchmark reiterated a "buy" rating and issued a $160.00 price objective on shares of Silicon Laboratories in a report on Wednesday, May 14th. Needham & Company LLC reissued a "buy" rating and set a $150.00 target price on shares of Silicon Laboratories in a report on Wednesday, May 14th. Finally, StockNews.com upgraded Silicon Laboratories from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $126.50.

Silicon Laboratories Company 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.