Silicon Laboratories, Inc. $SLAB Stock Position Lessened by Royce & Associates LP

Royce & Associates LP decreased its holdings in Silicon Laboratories, Inc. (NASDAQ:SLAB) by 26.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,755 shares of the semiconductor company’s stock after selling 8,002 shares during the quarter. Royce & Associates LP’s holdings in Silicon Laboratories were worth $2,843,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of SLAB. EverSource Wealth Advisors LLC lifted its holdings in shares of Silicon Laboratories by 45.7% in the third quarter. EverSource Wealth Advisors LLC now owns 274 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 86 shares during the period. UMB Bank n.a. boosted its stake in Silicon Laboratories by 43.9% during the third quarter. UMB Bank n.a. now owns 282 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 86 shares in the last quarter. Covestor Ltd boosted its stake in Silicon Laboratories by 260.3% during the fourth quarter. Covestor Ltd now owns 281 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 203 shares in the last quarter. Hantz Financial Services Inc. boosted its stake in Silicon Laboratories by 189.6% during the third quarter. Hantz Financial Services Inc. now owns 362 shares of the semiconductor company’s stock valued at $47,000 after buying an additional 237 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in Silicon Laboratories by 121.4% during the first quarter. Jones Financial Companies Lllp now owns 496 shares of the semiconductor company’s stock valued at $56,000 after buying an additional 272 shares in the last quarter.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on SLAB shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Silicon Laboratories in a research note on Friday, March 27th. Benchmark cut Silicon Laboratories from a “buy” rating to a “hold” rating in a research note on Wednesday, February 4th. Needham & Company LLC cut Silicon Laboratories from a “buy” rating to a “hold” rating in a research note on Wednesday, February 4th. Citigroup raised their target price on Silicon Laboratories from $135.00 to $231.00 and gave the company a “neutral” rating in a research note on Friday, February 6th. Finally, KeyCorp cut Silicon Laboratories from an “overweight” rating to a “hold” rating in a research note on Wednesday, February 4th. One analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $171.43.

Silicon Laboratories Stock Down 0.4%

NASDAQ:SLAB opened at $217.60 on Friday. Silicon Laboratories, Inc. has a 1-year low of $115.50 and a 1-year high of $219.20. The firm has a market capitalization of $7.18 billion, a price-to-earnings ratio of -142.22 and a beta of 1.40. The stock has a fifty day simple moving average of $213.30 and a 200 day simple moving average of $177.92.

Silicon Laboratories (NASDAQ:SLAB) last released its quarterly earnings results on Tuesday, May 5th. The semiconductor company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.04. Silicon Laboratories had a negative return on equity of 2.18% and a negative net margin of 6.13%.The business had revenue of $213.50 million during the quarter, compared to analyst estimates of $214.02 million. During the same quarter last year, the company posted ($0.08) EPS. Silicon Laboratories’s revenue for the quarter was up 20.1% on a year-over-year basis. Equities analysts predict that Silicon Laboratories, Inc. will post 0.74 earnings per share for the current year.

Insider Buying and Selling at Silicon Laboratories

In related news, CEO Robert Matthew Johnson sold 8,024 shares of the stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $216.83, for a total value of $1,739,843.92. Following the completion of the sale, the chief executive officer directly owned 80,519 shares of the company’s stock, valued at approximately $17,458,934.77. This represents a 9.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.60% of the stock is owned by company insiders.

Silicon Laboratories Profile

Silicon Laboratories (NASDAQ:SLAB) is a global semiconductor company that develops high-performance analog and mixed-signal integrated circuits, wireless system-on-chips (SoCs), microcontrollers, and radio frequency (RF) solutions. Its product portfolio is tailored to support the Internet of Things (IoT), infrastructure, industrial automation, consumer electronics, automotive, and energy markets. By combining silicon, software, and tools, Silicon Labs aims to accelerate development cycles and deliver low-power, highly integrated solutions that address demanding application requirements.

Founded in 1996 and headquartered in Austin, Texas, Silicon Labs has grown into a multinational organization with engineering and sales operations across North America, Europe, and Asia.