Xponance Inc. Sells 302 Shares of Silicon Laboratories Inc. (NASDAQ:SLAB)

Xponance Inc. lowered its position in Silicon Laboratories Inc. (NASDAQ:SLAB) by 6.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,290 shares of the semiconductor company’s stock after selling 302 shares during the period. Xponance Inc.’s holdings in Silicon Laboratories were worth $475,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SLAB. Pathstone Holdings LLC acquired a new position in shares of Silicon Laboratories during the fourth quarter worth $58,205,000. CWM LLC raised its stake in Silicon Laboratories by 185.0% in the second quarter. CWM LLC now owns 8,435 shares of the semiconductor company’s stock valued at $933,000 after buying an additional 5,475 shares during the last quarter. Natixis purchased a new stake in Silicon Laboratories in the first quarter valued at about $647,000. Vanguard Group Inc. boosted its holdings in Silicon Laboratories by 0.7% in the first quarter. Vanguard Group Inc. now owns 3,489,160 shares of the semiconductor company’s stock worth $501,462,000 after acquiring an additional 24,997 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Silicon Laboratories by 284.6% during the second quarter. SG Americas Securities LLC now owns 7,076 shares of the semiconductor company’s stock worth $783,000 after acquiring an additional 5,236 shares during the last quarter.

Silicon Laboratories Price Performance

Shares of Silicon Laboratories stock opened at $115.57 on Tuesday. The stock has a market cap of $3.73 billion, a PE ratio of -34.92 and a beta of 1.19. The firm has a fifty day moving average price of $110.44 and a 200 day moving average price of $118.90. Silicon Laboratories Inc. has a 1 year low of $74.56 and a 1 year high of $154.91.

Silicon Laboratories (NASDAQ:SLAB) last issued its quarterly earnings data on Wednesday, July 24th. The semiconductor company reported ($0.56) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.64) by $0.08. The business had revenue of $145.40 million during the quarter, compared to analysts’ expectations of $140.18 million. Silicon Laboratories had a negative return on equity of 9.13% and a negative net margin of 36.53%. The company’s revenue for the quarter was down 40.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.59 EPS. As a group, equities analysts expect that Silicon Laboratories Inc. will post -3.41 EPS for the current year.

Insiders Place Their Bets

In other news, SVP Brandon Tolany sold 845 shares of Silicon Laboratories stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $115.00, for a total transaction of $97,175.00. Following the completion of the transaction, the senior vice president now directly owns 43,615 shares of the company’s stock, valued at approximately $5,015,725. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.72% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on SLAB. StockNews.com raised shares of Silicon Laboratories to a “sell” rating in a research report on Tuesday, July 23rd. Needham & Company LLC reissued a “buy” rating and set a $150.00 price objective on shares of Silicon Laboratories in a report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $135.00.

Silicon Laboratories Profile

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.