Goldman Sachs Group Inc. Has $19.36 Million Holdings in Silicon Laboratories Inc. (NASDAQ:SLAB)

Goldman Sachs Group Inc. lessened its position in shares of Silicon Laboratories Inc. (NASDAQ:SLAB) by 12.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 146,352 shares of the semiconductor company’s stock after selling 21,719 shares during the period. Goldman Sachs Group Inc. owned about 0.46% of Silicon Laboratories worth $19,358,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. raised its position in Silicon Laboratories by 37.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 90,289 shares of the semiconductor company’s stock valued at $10,464,000 after buying an additional 24,468 shares during the last quarter. Stifel Financial Corp raised its holdings in shares of Silicon Laboratories by 1.7% in the third quarter. Stifel Financial Corp now owns 15,809 shares of the semiconductor company’s stock valued at $1,832,000 after purchasing an additional 269 shares during the last quarter. Algert Global LLC bought a new stake in shares of Silicon Laboratories in the third quarter worth $1,089,000. O Shaughnessy Asset Management LLC boosted its holdings in Silicon Laboratories by 16.8% during the third quarter. O Shaughnessy Asset Management LLC now owns 1,833 shares of the semiconductor company’s stock worth $212,000 after purchasing an additional 264 shares during the last quarter. Finally, Qube Research & Technologies Ltd grew its position in Silicon Laboratories by 38.2% in the third quarter. Qube Research & Technologies Ltd now owns 48,159 shares of the semiconductor company’s stock valued at $5,581,000 after purchasing an additional 13,311 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on SLAB shares. Benchmark restated a “hold” rating on shares of Silicon Laboratories in a research note on Thursday, April 25th. Summit Insights lowered Silicon Laboratories from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. StockNews.com raised shares of Silicon Laboratories to a “sell” rating in a research note on Wednesday, May 22nd. JPMorgan Chase & Co. dropped their price target on shares of Silicon Laboratories from $165.00 to $150.00 and set an “overweight” rating on the stock in a research report on Thursday, April 25th. Finally, Needham & Company LLC upgraded shares of Silicon Laboratories from a “hold” rating to a “buy” rating and set a $150.00 price target for the company in a research note on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $135.00.

Silicon Laboratories Stock Down 0.4 %

Shares of NASDAQ:SLAB opened at $109.34 on Thursday. Silicon Laboratories Inc. has a 12-month low of $74.56 and a 12-month high of $166.94. The business has a 50 day moving average of $122.11 and a 200-day moving average of $128.50. The stock has a market cap of $3.49 billion, a PE ratio of -33.03 and a beta of 1.23.

Silicon Laboratories (NASDAQ:SLAB) last released its quarterly earnings results on Wednesday, April 24th. The semiconductor company reported ($1.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.29) by ($0.05). The firm had revenue of $106.38 million during the quarter, compared to the consensus estimate of $104.45 million. Silicon Laboratories had a negative net margin of 16.36% and a negative return on equity of 4.45%. Equities research analysts expect that Silicon Laboratories Inc. will post -3.21 earnings per share for the current year.

Insider Buying and Selling

In other Silicon Laboratories news, CEO Robert Matthew Johnson sold 7,230 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $123.80, for a total value of $895,074.00. Following the completion of the sale, the chief executive officer now owns 47,910 shares of the company’s stock, valued at approximately $5,931,258. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.72% of the stock is owned by insiders.

About Silicon Laboratories

Silicon Laboratories Inc, a fabless semiconductor company, provides various analog-intensive mixed-signal solutions in the United States, China, Taiwan, and internationally. The company's products include wireless microcontrollers and sensor products. Its products are used in various electronic products in a range of applications for the industrial Internet of Things (IoT), including industrial automation and control, smart buildings, access control, HVAC control, and industrial wearables and power tools; smart cities applications, such as smart metering, smart street lighting, renewable energy, electric vehicle supply equipment, and smart agriculture; commercial IoT applications, including smart lighting, asset tracking, electronic shelf labels, theft protection, and enterprise access points; smart home applications, comprising home automation/security systems, smart speakers, smart lighting, HVAC control, smart cameras, smart appliances, smart home sensing, smart locks, and window/blind controls; and connected health applications, including diabetes management, consumer health and fitness, elderly care, patient monitoring, and activity tracking; as well as in commercial building automation, consumer electronics, and medical instrumentation.