SG Americas Securities LLC Sells 31,936 Shares of Silicon Laboratories, Inc. $SLAB

SG Americas Securities LLC lowered its stake in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB) by 64.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,998 shares of the semiconductor company’s stock after selling 31,936 shares during the quarter. SG Americas Securities LLC owned about 0.05% of Silicon Laboratories worth $3,746,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Tudor Investment Corp ET AL bought a new position in Silicon Laboratories in the third quarter valued at approximately $4,718,000. Dynamic Technology Lab Private Ltd lifted its stake in Silicon Laboratories by 255.1% during the third quarter. Dynamic Technology Lab Private Ltd now owns 7,030 shares of the semiconductor company’s stock worth $922,000 after purchasing an additional 5,050 shares during the last quarter. Capital Fund Management S.A. boosted its holdings in shares of Silicon Laboratories by 50.3% in the 3rd quarter. Capital Fund Management S.A. now owns 82,161 shares of the semiconductor company’s stock valued at $10,774,000 after purchasing an additional 27,513 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Silicon Laboratories by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 3,992,407 shares of the semiconductor company’s stock valued at $521,808,000 after purchasing an additional 121,432 shares in the last quarter. Finally, Royce & Associates LP increased its stake in shares of Silicon Laboratories by 24.0% in the 3rd quarter. Royce & Associates LP now owns 29,757 shares of the semiconductor company’s stock valued at $3,902,000 after purchasing an additional 5,751 shares during the last quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Silicon Laboratories in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $171.43.

Insider Buying and Selling at Silicon Laboratories

In other news, CEO Robert Matthew Johnson sold 8,024 shares of the company’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $216.83, for a total transaction of $1,739,843.92. Following the completion of the transaction, the chief executive officer directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.60% of the company’s stock.

Silicon Laboratories Trading Up 0.3%

SLAB opened at $219.03 on Tuesday. The company has a market cap of $7.22 billion, a P/E ratio of -143.16 and a beta of 1.37. The company’s 50 day moving average is $217.54 and its 200-day moving average is $191.83. Silicon Laboratories, Inc. has a 1-year low of $115.50 and a 1-year high of $220.90.

Silicon Laboratories (NASDAQ:SLAB) last released its quarterly earnings data on Tuesday, May 5th. The semiconductor company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.04. The business had revenue of $213.50 million during the quarter, compared to analysts’ expectations of $214.02 million. Silicon Laboratories had a negative net margin of 6.13% and a negative return on equity of 2.18%. The firm’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.08) EPS. On average, equities analysts forecast that Silicon Laboratories, Inc. will post 0.74 EPS for the current year.

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.