Van Berkom & Associates Inc. Has $1.59 Million Holdings in Silicon Laboratories, Inc. $SLAB

Van Berkom & Associates Inc. lessened its position in Silicon Laboratories, Inc. (NASDAQ:SLAB) by 23.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,662 shares of the semiconductor company’s stock after selling 2,351 shares during the quarter. Van Berkom & Associates Inc.’s holdings in Silicon Laboratories were worth $1,595,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kestra Advisory Services LLC purchased a new stake in shares of Silicon Laboratories in the fourth quarter valued at $32,000. Covestor Ltd raised its position 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 during the period. Kemnay Advisory Services Inc. acquired a new position in Silicon Laboratories during the fourth quarter valued at $44,000. Jones Financial Companies Lllp lifted its stake in Silicon Laboratories by 121.4% in the 1st quarter. Jones Financial Companies Lllp now owns 496 shares of the semiconductor company’s stock worth $56,000 after acquiring an additional 272 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its stake in Silicon Laboratories by 37.3% in the 4th quarter. Global Retirement Partners LLC now owns 497 shares of the semiconductor company’s stock worth $65,000 after acquiring an additional 135 shares in the last quarter.

Silicon Laboratories Stock Performance

Shares of NASDAQ:SLAB opened at $217.47 on Monday. The firm has a market cap of $7.17 billion, a price-to-earnings ratio of -142.14 and a beta of 1.36. Silicon Laboratories, Inc. has a 1 year low of $115.50 and a 1 year high of $220.90. The business has a fifty day simple moving average of $218.22 and a 200 day simple moving average of $199.94.

Silicon Laboratories (NASDAQ:SLAB) last issued its earnings results on Tuesday, May 5th. The semiconductor company reported $0.53 EPS 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 firm had revenue of $213.50 million for the quarter, compared to the consensus estimate of $214.02 million. During the same quarter in the previous year, the company posted ($0.08) earnings per share. The business’s quarterly revenue was up 20.1% compared to the same quarter last year. On average, sell-side analysts forecast that Silicon Laboratories, Inc. will post 0.74 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Silicon Laboratories in a research note on Wednesday, June 24th. Eight equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Silicon Laboratories currently has a consensus rating of “Reduce” and an average target price of $172.00.

Insider Activity at Silicon Laboratories

In related news, CEO Robert Matthew Johnson sold 8,024 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer owned 80,519 shares in the company, valued at approximately $17,458,934.77. This represents a 9.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.60% of the company’s stock.

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.