SG Americas Securities LLC Has $3.75 Million Stock Holdings in Silicon Laboratories, Inc. $SLAB

SG Americas Securities LLC reduced its position in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB) by 64.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,998 shares of the semiconductor company’s stock after selling 31,936 shares during the period. SG Americas Securities LLC’s holdings in Silicon Laboratories were worth $3,746,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Kestra Advisory Services LLC bought a new position in Silicon Laboratories in the 4th quarter valued at approximately $32,000. EverSource Wealth Advisors LLC grew its holdings in Silicon Laboratories by 45.7% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 274 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 86 shares during the last quarter. Covestor Ltd grew 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 acquiring an additional 203 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new position in Silicon Laboratories in the 4th quarter valued at approximately $44,000. Finally, Jones Financial Companies Lllp increased its position in Silicon Laboratories by 121.4% in the 1st quarter. Jones Financial Companies Lllp now owns 496 shares of the semiconductor company’s stock valued at $56,000 after acquiring an additional 272 shares during the period.

Insider Buying and Selling at Silicon Laboratories

In other news, CEO Robert Matthew Johnson sold 8,024 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer owned 80,519 shares in the company, valued at $17,458,934.77. This trade represents a 9.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

Silicon Laboratories Price Performance

NASDAQ SLAB opened at $219.03 on Tuesday. The business’s fifty day moving average is $217.54 and its 200-day moving average is $191.83. The stock has a market capitalization of $7.22 billion, a price-to-earnings ratio of -143.16 and a beta of 1.37. Silicon Laboratories, Inc. has a one year low of $115.50 and a one year high of $220.90.

Silicon Laboratories (NASDAQ:SLAB) last posted 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 the consensus estimate 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 quarter last year, the company posted ($0.08) earnings per share. Research analysts expect that Silicon Laboratories, Inc. will post 0.74 EPS for the current fiscal year.

Silicon Laboratories Company 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.