Silicon Laboratories, Inc. $SLAB Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC lowered its stake in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB) by 10.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 62,194 shares of the semiconductor company’s stock after selling 7,173 shares during the period. Intech Investment Management LLC’s holdings in Silicon Laboratories were worth $8,129,000 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. Geode Capital Management LLC raised its position in Silicon Laboratories by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 824,771 shares of the semiconductor company’s stock valued at $107,814,000 after purchasing an additional 7,921 shares during the period. New Age Alpha Advisors LLC purchased a new stake in shares of Silicon Laboratories in the 4th quarter valued at $561,000. Hantz Financial Services Inc. raised its holdings in shares of Silicon Laboratories by 97.5% in the 4th quarter. Hantz Financial Services Inc. now owns 715 shares of the semiconductor company’s stock valued at $93,000 after buying an additional 353 shares during the period. Global Retirement Partners LLC raised its holdings in shares of Silicon Laboratories by 37.3% in the 4th quarter. Global Retirement Partners LLC now owns 497 shares of the semiconductor company’s stock valued at $65,000 after buying an additional 135 shares during the period. Finally, Covestor Ltd increased its holdings in Silicon Laboratories by 260.3% during the 4th quarter. Covestor Ltd now owns 281 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 203 shares during the period.

Insider Buying and Selling

In other Silicon Laboratories news, CEO Robert Matthew Johnson sold 8,024 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $216.83, for a total transaction of $1,739,843.92. Following the sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.60% of the company’s stock.

Silicon Laboratories Trading Down 0.4%

Shares of SLAB stock opened at $217.60 on Friday. The company has a market cap of $7.18 billion, a price-to-earnings ratio of -142.22 and a beta of 1.40. The stock has a 50 day simple moving average of $213.30 and a 200-day simple moving average of $177.92. Silicon Laboratories, Inc. has a 12-month low of $115.50 and a 12-month high of $219.20.

Silicon Laboratories (NASDAQ:SLAB) last issued its earnings results 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 the consensus estimate of $214.02 million. Silicon Laboratories had a negative return on equity of 2.18% and a negative net margin of 6.13%.The company’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same period in the prior year, the business posted ($0.08) EPS. On average, equities analysts forecast that Silicon Laboratories, Inc. will post 0.74 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SLAB has been the topic of several recent research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Silicon Laboratories in a report on Friday, March 27th. Royal Bank Of Canada upped their price objective on Silicon Laboratories from $160.00 to $205.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 5th. Benchmark cut Silicon Laboratories from a “buy” rating to a “hold” rating in a research report on Wednesday, February 4th. Citigroup upped their price objective on Silicon Laboratories from $135.00 to $231.00 and gave the stock a “neutral” rating in a research report on Friday, February 6th. Finally, KeyCorp cut Silicon Laboratories from an “overweight” rating to a “hold” rating in a research report on Wednesday, February 4th. One research analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $171.43.

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.