Amalgamated Bank Sells 329 Shares of Silicon Laboratories Inc. (NASDAQ:SLAB)

Amalgamated Bank lowered its position in shares of Silicon Laboratories Inc. (NASDAQ:SLABFree Report) by 1.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,000 shares of the semiconductor company’s stock after selling 329 shares during the quarter. Amalgamated Bank owned about 0.06% of Silicon Laboratories worth $2,645,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SLAB. Park Avenue Securities LLC purchased a new position in shares of Silicon Laboratories in the 3rd quarter worth about $339,000. Federated Hermes Inc. raised its position in shares of Silicon Laboratories by 6.9% in the 4th quarter. Federated Hermes Inc. now owns 516,484 shares of the semiconductor company’s stock worth $68,315,000 after purchasing an additional 33,357 shares during the last quarter. Venturi Wealth Management LLC purchased a new position in shares of Silicon Laboratories in the 3rd quarter worth about $30,000. Schonfeld Strategic Advisors LLC purchased a new position in shares of Silicon Laboratories in the 3rd quarter worth about $3,652,000. Finally, Envestnet Asset Management Inc. increased its holdings 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 worth $10,464,000 after buying an additional 24,468 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Citigroup reduced their price objective on Silicon Laboratories from $137.00 to $120.00 and set a “neutral” rating for the company in a report on Thursday, April 25th. Barclays reduced their price objective on Silicon Laboratories from $140.00 to $120.00 and set an “equal weight” rating for the company in a report on Thursday, April 25th. Summit Insights downgraded Silicon Laboratories from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. Needham & Company LLC upgraded Silicon Laboratories from a “hold” rating to a “buy” rating and set a $150.00 price objective for the company in a report on Thursday, April 25th. Finally, JPMorgan Chase & Co. cut their price target on Silicon Laboratories from $165.00 to $150.00 and set an “overweight” rating for the company in a research note on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $135.00.

Get Our Latest Analysis on Silicon Laboratories

Silicon Laboratories Price Performance

NASDAQ SLAB opened at $124.60 on Friday. The stock’s 50 day moving average is $130.98 and its 200 day moving average is $123.39. Silicon Laboratories Inc. has a 12 month low of $74.56 and a 12 month high of $166.94.

Silicon Laboratories (NASDAQ:SLABGet Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The semiconductor company reported ($1.34) EPS for the quarter, missing analysts’ consensus estimates of ($1.29) by ($0.05). The business had revenue of $106.38 million during the quarter, compared to analysts’ expectations of $104.45 million. Silicon Laboratories had a negative return on equity of 4.45% and a negative net margin of 16.36%. As a group, equities research analysts expect that Silicon Laboratories Inc. will post -3.1 earnings per share for the current fiscal year.

Silicon Laboratories Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Silicon Laboratories (NASDAQ:SLAB)

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