Silicon Laboratories Inc. (NASDAQ:SLAB) Shares Purchased by Cwm LLC

Cwm LLC raised its holdings in Silicon Laboratories Inc. (NASDAQ:SLAB) by 21.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 10,270 shares of the semiconductor company’s stock after acquiring an additional 1,835 shares during the period. Cwm LLC’s holdings in Silicon Laboratories were worth $1,187,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in SLAB. Harbor Capital Advisors Inc. grew its position in shares of Silicon Laboratories by 8.5% in the second quarter. Harbor Capital Advisors Inc. now owns 1,292 shares of the semiconductor company’s stock valued at $143,000 after purchasing an additional 101 shares during the period. Orion Portfolio Solutions LLC grew its holdings in Silicon Laboratories by 1.1% in the 1st quarter. Orion Portfolio Solutions LLC now owns 9,858 shares of the semiconductor company’s stock valued at $1,417,000 after buying an additional 103 shares during the period. Victory Capital Management Inc. increased its stake in shares of Silicon Laboratories by 2.3% during the 2nd quarter. Victory Capital Management Inc. now owns 6,638 shares of the semiconductor company’s stock valued at $734,000 after acquiring an additional 150 shares during the last quarter. State of Michigan Retirement System lifted its holdings in shares of Silicon Laboratories by 2.6% during the 1st quarter. State of Michigan Retirement System now owns 7,797 shares of the semiconductor company’s stock worth $1,121,000 after acquiring an additional 200 shares during the period. Finally, Arizona State Retirement System boosted its position in shares of Silicon Laboratories by 2.3% in the second quarter. Arizona State Retirement System now owns 8,936 shares of the semiconductor company’s stock worth $989,000 after acquiring an additional 202 shares during the last quarter.

Silicon Laboratories Trading Up 1.0 %

Shares of SLAB stock opened at $115.27 on Thursday. The company has a market cap of $3.68 billion, a PE ratio of -34.82 and a beta of 1.19. The company’s fifty day simple moving average is $111.18 and its 200-day simple moving average is $117.29. Silicon Laboratories Inc. has a 52 week low of $74.56 and a 52 week high of $154.91.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. StockNews.com raised shares of Silicon Laboratories to a “sell” rating in a research report on Tuesday, July 23rd. Needham & Company LLC restated 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 assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $135.00.

Insider Activity at Silicon Laboratories

In other Silicon Laboratories news, SVP Brandon Tolany sold 845 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $115.00, for a total value of $97,175.00. Following the completion of the transaction, the senior vice president now owns 43,615 shares in the company, valued at $5,015,725. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.72% of the company’s stock.

Silicon Laboratories Company 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.