Silicon Laboratories, Inc. $SLAB Shares Sold by Van Berkom & Associates Inc.

Van Berkom & Associates Inc. decreased its holdings in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB) by 94.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,873 shares of the semiconductor company’s stock after selling 174,203 shares during the quarter. Van Berkom & Associates Inc.’s holdings in Silicon Laboratories were worth $1,295,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of Silicon Laboratories in the 3rd quarter valued at $1,192,000. JPMorgan Chase & Co. grew its position in Silicon Laboratories by 51.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 170,704 shares of the semiconductor company’s stock valued at $25,155,000 after acquiring an additional 58,109 shares in the last quarter. Creative Planning lifted its position in shares of Silicon Laboratories by 36.4% during the second quarter. Creative Planning now owns 14,321 shares of the semiconductor company’s stock worth $2,110,000 after purchasing an additional 3,820 shares in the last quarter. Pacer Advisors Inc. purchased a new position in shares of Silicon Laboratories in the third quarter valued at approximately $568,000. Finally, Russell Investments Group Ltd. grew its holdings in shares of Silicon Laboratories by 98.6% in the second quarter. Russell Investments Group Ltd. now owns 73,729 shares of the semiconductor company’s stock valued at $10,865,000 after purchasing an additional 36,608 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Silicon Laboratories in a report on Monday, December 29th. Royal Bank Of Canada started coverage on Silicon Laboratories in a research report on Thursday, January 15th. They set a “sector perform” rating and a $160.00 price objective on the stock. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $154.25.

Silicon Laboratories Stock Down 4.7%

NASDAQ SLAB opened at $136.62 on Wednesday. Silicon Laboratories, Inc. has a 52 week low of $82.82 and a 52 week high of $160.00. The stock has a market capitalization of $4.49 billion, a PE ratio of -51.75 and a beta of 1.56. The firm has a 50 day moving average of $139.35 and a two-hundred day moving average of $134.62.

Silicon Laboratories (NASDAQ:SLAB) last released its quarterly earnings data on Tuesday, November 4th. The semiconductor company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.02. The business had revenue of $206.00 million during the quarter, compared to analysts’ expectations of $205.04 million. Silicon Laboratories had a negative net margin of 11.58% and a negative return on equity of 6.04%. On average, equities research analysts expect that Silicon Laboratories, Inc. will post -0.97 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Silicon Laboratories news, Director Nina Richardson sold 1,355 shares of Silicon Laboratories stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $149.00, for a total transaction of $201,895.00. Following the completion of the sale, the director directly owned 8,543 shares of the company’s stock, valued at $1,272,907. The trade was a 13.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Brandon Tolany sold 1,954 shares of the stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $141.49, for a total value of $276,471.46. Following the completion of the transaction, the senior vice president owned 62,381 shares in the company, valued at approximately $8,826,287.69. The trade was a 3.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 7,555 shares of company stock worth $1,073,528. 1.60% of the stock is owned by insiders.

About Silicon Laboratories

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.