Silicon Laboratories, Inc. $SLAB Stock: Leeward Investments LLC MA Lowers Stake

Leeward Investments LLC MA reduced its position in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB) by 17.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 99,909 shares of the semiconductor company’s stock after selling 20,682 shares during the period. Silicon Laboratories comprises approximately 1.1% of Leeward Investments LLC MA’s holdings, making the stock its 23rd largest holding. Leeward Investments LLC MA’s holdings in Silicon Laboratories were worth $22,138,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in SLAB. Signaturefd LLC boosted its position in Silicon Laboratories by 15.8% during the 3rd quarter. Signaturefd LLC now owns 373 shares of the semiconductor company’s stock worth $83,000 after acquiring an additional 51 shares during the period. Sterling Capital Management LLC boosted its stake in Silicon Laboratories by 844.0% during the 3rd quarter. Sterling Capital Management LLC now owns 1,095 shares of the semiconductor company’s stock valued at $243,000 after purchasing an additional 979 shares in the last quarter. Inspire Investing LLC boosted its stake in Silicon Laboratories by 47.0% during the 3rd quarter. Inspire Investing LLC now owns 4,570 shares of the semiconductor company’s stock valued at $1,013,000 after purchasing an additional 1,461 shares in the last quarter. Crossmark Global Holdings Inc. increased its position in shares of Silicon Laboratories by 44.2% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 1,562 shares of the semiconductor company’s stock valued at $346,000 after purchasing an additional 479 shares during the period. Finally, Nisa Investment Advisors LLC increased its position in shares of Silicon Laboratories by 3.1% during the 3rd quarter. Nisa Investment Advisors LLC now owns 3,516 shares of the semiconductor company’s stock valued at $779,000 after purchasing an additional 106 shares during the period.

Silicon Laboratories Stock Performance

Shares of NASDAQ:SLAB opened at $221.27 on Monday. The company has a market capitalization of $7.38 billion, a PE ratio of -187.52 and a beta of 1.33. The stock has a fifty day moving average of $220.48 and a 200-day moving average of $218.32. Silicon Laboratories, Inc. has a one year low of $115.50 and a one year high of $223.50.

Silicon Laboratories (NASDAQ:SLAB) last announced its earnings results on Tuesday, August 11th. The semiconductor company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. Silicon Laboratories had a negative return on equity of 0.66% and a negative net margin of 4.57%. The company had revenue of $228.19 million for the quarter, compared to analyst estimates of $227.99 million. During the same period in the previous year, the firm earned $0.11 earnings per share. Silicon Laboratories’s revenue for the quarter was up 18.3% compared to the same quarter last year. As a group, research analysts forecast that Silicon Laboratories, Inc. will post 0.52 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Zacks Research upgraded Silicon Laboratories from a “strong sell” rating to a “hold” rating in a report on Monday, October 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Silicon Laboratories in a report on Monday, September 21st. Finally, Wall Street Zen upgraded shares of Silicon Laboratories to a “hold” rating in a research report on Saturday, October 10th. Six research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $218.00.

Silicon Laboratories Profile

Silicon Laboratories Inc is a fabless semiconductor company that develops technologies for the Internet of Things (IoT). The company provides integrated circuits, wireless modules, software and development tools that help manufacturers connect, monitor and control devices used in residential, commercial and industrial applications.

Its product portfolio includes wireless system-on-chip devices and modules supporting technologies such as Bluetooth, Wi-Fi, Zigbee, Thread, Matter, Z-Wave and proprietary sub-GHz protocols.