SG Americas Securities LLC Increases Stock Position in Silicon Laboratories, Inc. $SLAB

SG Americas Securities LLC raised its stake in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB) by 836.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 49,934 shares of the semiconductor company’s stock after acquiring an additional 44,601 shares during the period. SG Americas Securities LLC owned approximately 0.15% of Silicon Laboratories worth $6,526,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. AQR Capital Management LLC lifted its stake in Silicon Laboratories by 1,970.7% during the 2nd quarter. AQR Capital Management LLC now owns 370,492 shares of the semiconductor company’s stock worth $54,516,000 after acquiring an additional 352,600 shares in the last quarter. Westfield Capital Management Co. LP purchased a new position in Silicon Laboratories during the 3rd quarter valued at about $44,887,000. Norges Bank acquired a new position in Silicon Laboratories in the 2nd quarter valued at about $45,857,000. Squarepoint Ops LLC grew its position in Silicon Laboratories by 113.6% in the 3rd quarter. Squarepoint Ops LLC now owns 358,016 shares of the semiconductor company’s stock valued at $46,947,000 after acquiring an additional 190,421 shares in the last quarter. Finally, Comerica Bank increased its stake in Silicon Laboratories by 1,172.6% during the third quarter. Comerica Bank now owns 118,262 shares of the semiconductor company’s stock worth $15,508,000 after purchasing an additional 108,969 shares during the period.

Insider Buying and Selling at Silicon Laboratories

In related news, Director Nina Richardson sold 1,355 shares of the business’s stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $149.00, for a total transaction of $201,895.00. Following the completion of the sale, the director owned 8,543 shares in the company, valued at $1,272,907. The trade was a 13.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.60% of the company’s stock.

Silicon Laboratories Stock Up 1.1%

Shares of Silicon Laboratories stock opened at $208.15 on Wednesday. Silicon Laboratories, Inc. has a 52-week low of $82.82 and a 52-week high of $208.84. The company has a market capitalization of $6.86 billion, a P/E ratio of -104.60 and a beta of 1.46. The company has a 50 day moving average of $192.98 and a 200 day moving average of $154.60.

Silicon Laboratories (NASDAQ:SLAB) last announced its quarterly earnings data on Wednesday, February 4th. The semiconductor company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.02. The company had revenue of $208.21 million for the quarter, compared to the consensus estimate of $207.63 million. Silicon Laboratories had a negative net margin of 8.27% and a negative return on equity of 4.07%. The company’s quarterly revenue was up 25.3% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.11) EPS. As a group, research analysts anticipate that Silicon Laboratories, Inc. will post -0.97 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. KeyCorp lowered shares of Silicon Laboratories from an “overweight” rating to a “hold” rating in a research note on Wednesday, February 4th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Silicon Laboratories in a research note on Friday. Benchmark lowered shares of Silicon Laboratories from a “buy” rating to a “hold” rating in a report on Wednesday, February 4th. Royal Bank Of Canada raised their price target on shares of Silicon Laboratories from $160.00 to $205.00 and gave the company a “sector perform” rating in a research report on Thursday, February 5th. Finally, Needham & Company LLC downgraded shares of Silicon Laboratories from a “buy” rating to a “hold” rating in a research note on Wednesday, February 4th. One investment 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’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $167.78.

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.