Leeward Investments LLC MA Cuts Stock Position in Silicon Laboratories, Inc. $SLAB

Leeward Investments LLC MA decreased its holdings in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB) by 3.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 122,592 shares of the semiconductor company’s stock after selling 4,052 shares during the quarter. Silicon Laboratories comprises approximately 1.3% of Leeward Investments LLC MA’s holdings, making the stock its 12th biggest holding. Leeward Investments LLC MA owned approximately 0.37% of Silicon Laboratories worth $25,518,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. AQR Capital Management LLC lifted its stake in shares of Silicon Laboratories by 43.7% during the first quarter. AQR Capital Management LLC now owns 17,892 shares of the semiconductor company’s stock worth $2,001,000 after purchasing an additional 5,439 shares in the last quarter. Millennium Management LLC grew its stake in shares of Silicon Laboratories by 2,804.1% in the first quarter. Millennium Management LLC now owns 99,842 shares of the semiconductor company’s stock valued at $11,239,000 after buying an additional 96,404 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Silicon Laboratories by 121.4% during the 1st quarter. Jones Financial Companies Lllp now owns 496 shares of the semiconductor company’s stock valued at $56,000 after buying an additional 272 shares during the period. United Services Automobile Association purchased a new stake in shares of Silicon Laboratories during the 1st quarter valued at about $235,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Silicon Laboratories by 1.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 97,156 shares of the semiconductor company’s stock worth $10,937,000 after acquiring an additional 1,679 shares in the last quarter.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Silicon Laboratories in a report on Friday, March 27th. One investment analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Silicon Laboratories presently has an average rating of “Hold” and a consensus price target of $171.43.

Silicon Laboratories Price Performance

NASDAQ:SLAB opened at $218.72 on Wednesday. The firm has a 50-day moving average of $217.01 and a two-hundred day moving average of $189.63. The stock has a market cap of $7.21 billion, a P/E ratio of -142.95 and a beta of 1.37. Silicon Laboratories, Inc. has a 1-year low of $115.50 and a 1-year high of $220.90.

Silicon Laboratories (NASDAQ:SLAB) last announced 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. Silicon Laboratories had a negative return on equity of 2.18% and a negative net margin of 6.13%.The business had revenue of $213.50 million for the quarter, compared to analyst estimates of $214.02 million. The company’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.08) earnings per share. As a group, equities analysts expect that Silicon Laboratories, Inc. will post 0.74 earnings per share for the current year.

Insider Transactions at Silicon Laboratories

In other 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 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.60% of the stock is owned by corporate 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.