Silicon Laboratories, Inc. $SLAB Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA decreased its stake in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB) by 3.2% during the 1st quarter, HoldingsChannel.com reports. The firm owned 122,592 shares of the semiconductor company’s stock after selling 4,052 shares during the quarter. Silicon Laboratories accounts for about 1.3% of Leeward Investments LLC MA’s holdings, making the stock its 12th biggest holding. Leeward Investments LLC MA’s holdings in Silicon Laboratories were worth $25,518,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Vident Advisory LLC increased its holdings in Silicon Laboratories by 2.5% in the fourth quarter. Vident Advisory LLC now owns 3,018 shares of the semiconductor company’s stock valued at $394,000 after buying an additional 74 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Silicon Laboratories by 45.7% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 274 shares of the semiconductor company’s stock worth $36,000 after buying an additional 86 shares during the last quarter. Bank of Montreal Can grew its position in shares of Silicon Laboratories by 2.9% in the 4th quarter. Bank of Montreal Can now owns 3,355 shares of the semiconductor company’s stock worth $438,000 after acquiring an additional 96 shares in the last quarter. Inspire Investing LLC grew its position in shares of Silicon Laboratories by 3.1% in the 4th quarter. Inspire Investing LLC now owns 3,585 shares of the semiconductor company’s stock worth $469,000 after acquiring an additional 109 shares in the last quarter. Finally, Global Retirement Partners LLC increased its holdings in shares of Silicon Laboratories by 37.3% in the 4th quarter. Global Retirement Partners LLC now owns 497 shares of the semiconductor company’s stock valued at $65,000 after acquiring an additional 135 shares during the last quarter.

Insider Activity

In related news, CEO Robert Matthew Johnson sold 8,024 shares of the business’s 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 owned 80,519 shares in the company, valued at $17,458,934.77. The trade was a 9.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.60% of the company’s stock.

Silicon Laboratories Stock Down 0.5%

SLAB opened at $218.72 on Wednesday. The company’s 50-day moving average price is $217.01 and its 200 day moving average price is $189.63. Silicon Laboratories, Inc. has a fifty-two week low of $115.50 and a fifty-two week high of $220.90. The firm has a market cap of $7.21 billion, a price-to-earnings ratio of -142.95 and a beta of 1.37.

Silicon Laboratories (NASDAQ:SLAB) last issued its earnings results on Tuesday, May 5th. The semiconductor company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.04. The company had revenue of $213.50 million during the quarter, compared to the consensus estimate of $214.02 million. Silicon Laboratories had a negative return on equity of 2.18% and a negative net margin of 6.13%.Silicon Laboratories’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.08) earnings per share. Research analysts anticipate that Silicon Laboratories, Inc. will post 0.74 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Silicon Laboratories in a research report on Friday, March 27th. One research 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $171.43.

Silicon Laboratories 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.