Linden Thomas Advisory Services LLC Decreases Stock Position in Silicon Laboratories Inc. (NASDAQ:SLAB)

Linden Thomas Advisory Services LLC cut its holdings in Silicon Laboratories Inc. (NASDAQ:SLAB) by 1.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,193 shares of the semiconductor company’s stock after selling 168 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Silicon Laboratories were worth $1,515,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. SG Americas Securities LLC raised its stake in Silicon Laboratories by 1,106.4% in the fourth quarter. SG Americas Securities LLC now owns 23,791 shares of the semiconductor company’s stock valued at $2,955,000 after buying an additional 21,819 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in Silicon Laboratories by 6.2% in the fourth quarter. Nisa Investment Advisors LLC now owns 4,134 shares of the semiconductor company’s stock valued at $514,000 after buying an additional 240 shares during the last quarter. Arkadios Wealth Advisors purchased a new position in shares of Silicon Laboratories in the fourth quarter worth about $237,000. Procyon Advisors LLC raised its stake in shares of Silicon Laboratories by 4.4% in the fourth quarter. Procyon Advisors LLC now owns 3,176 shares of the semiconductor company’s stock worth $395,000 after purchasing an additional 133 shares during the last quarter. Finally, Park Avenue Securities LLC purchased a new position in shares of Silicon Laboratories in the fourth quarter worth about $268,000.

Silicon Laboratories Stock Down 4.2 %

Silicon Laboratories stock opened at $135.53 on Friday. Silicon Laboratories Inc. has a 52 week low of $94.00 and a 52 week high of $154.91. The business’s 50-day moving average price is $123.32 and its 200 day moving average price is $115.75.

Silicon Laboratories (NASDAQ:SLAB) last issued its quarterly earnings data on Monday, November 4th. The semiconductor company reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.07. Silicon Laboratories had a negative return on equity of 12.60% and a negative net margin of 46.93%. The company had revenue of $166.00 million for the quarter, compared to analyst estimates of $165.50 million. During the same period last year, the company earned $0.48 earnings per share. Silicon Laboratories’s quarterly revenue was down 18.5% compared to the same quarter last year. Sell-side analysts forecast that Silicon Laboratories Inc. will post -3.56 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Susquehanna assumed coverage on Silicon Laboratories in a research note on Tuesday, December 17th. They issued a “neutral” rating and a $130.00 price objective for the company. JPMorgan Chase & Co. reduced their price objective on Silicon Laboratories from $150.00 to $135.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. KeyCorp raised their price objective on Silicon Laboratories from $115.00 to $160.00 and gave the stock an “overweight” rating in a research note on Wednesday. Barclays raised their price objective on Silicon Laboratories from $75.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Friday, January 17th. Finally, StockNews.com upgraded Silicon Laboratories to a “sell” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $133.56.

Insider Buying and Selling at Silicon Laboratories

In other Silicon Laboratories news, Director William G. Bock sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $140.77, for a total value of $281,540.00. Following the sale, the director now directly owns 32,115 shares of the company’s stock, valued at approximately $4,520,828.55. This trade represents a 5.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.72% of the stock is owned by corporate insiders.

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.