Silicon Laboratories, Inc. $SLAB Shares Sold by Sei Investments Co.

Sei Investments Co. lessened its holdings in Silicon Laboratories, Inc. (NASDAQ:SLAB) by 65.4% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 14,339 shares of the semiconductor company’s stock after selling 27,063 shares during the quarter. Sei Investments Co.’s holdings in Silicon Laboratories were worth $2,985,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Vident Advisory LLC grew its position in shares of 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 purchasing an additional 74 shares during the period. Bank of Montreal Can lifted its position in Silicon Laboratories by 2.9% during the fourth quarter. Bank of Montreal Can now owns 3,355 shares of the semiconductor company’s stock worth $438,000 after buying an additional 96 shares during the period. State of Michigan Retirement System boosted its stake in Silicon Laboratories by 1.3% in the 1st quarter. State of Michigan Retirement System now owns 7,897 shares of the semiconductor company’s stock worth $1,644,000 after buying an additional 100 shares during the last quarter. Inspire Investing LLC grew its holdings in Silicon Laboratories by 3.1% in the 4th quarter. Inspire Investing LLC now owns 3,585 shares of the semiconductor company’s stock valued at $469,000 after buying an additional 109 shares during the period. Finally, Global Retirement Partners LLC grew its holdings in 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 buying an additional 135 shares during the period.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Silicon Laboratories in a report on Wednesday, June 24th. Five research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $218.00.

Insider Buying and Selling

In other news, CEO Robert Matthew Johnson sold 8,024 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $216.83, for a total value of $1,739,843.92. Following the transaction, the chief executive officer directly owned 80,519 shares in the company, valued at $17,458,934.77. This trade represents a 9.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.60% of the stock is owned by corporate insiders.

Silicon Laboratories Stock Up 0.3%

Shares of NASDAQ SLAB opened at $219.21 on Friday. The stock has a market capitalization of $7.23 billion, a PE ratio of -143.27 and a beta of 1.37. The firm has a fifty day moving average of $218.29 and a 200-day moving average of $207.43. Silicon Laboratories, Inc. has a 52-week low of $115.50 and a 52-week high of $220.90.

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

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.