Silicon Laboratories, Inc. $SLAB Shares Acquired by S Squared Technology LLC

S Squared Technology LLC increased its stake in Silicon Laboratories, Inc. (NASDAQ:SLABFree Report) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 98,000 shares of the semiconductor company’s stock after purchasing an additional 3,000 shares during the quarter. Silicon Laboratories comprises about 5.0% of S Squared Technology LLC’s portfolio, making the stock its 8th biggest holding. S Squared Technology LLC’s holdings in Silicon Laboratories were worth $12,809,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of SLAB. Kestra Advisory Services LLC acquired a new stake in Silicon Laboratories in the fourth quarter worth about $32,000. EverSource Wealth Advisors LLC lifted its holdings in Silicon Laboratories by 45.7% in the third quarter. EverSource Wealth Advisors LLC now owns 274 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 86 shares during the period. Covestor Ltd lifted its holdings in Silicon Laboratories by 260.3% in the fourth quarter. Covestor Ltd now owns 281 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 203 shares during the period. Jones Financial Companies Lllp lifted its holdings in Silicon Laboratories by 121.4% in the first quarter. Jones Financial Companies Lllp now owns 496 shares of the semiconductor company’s stock worth $56,000 after purchasing an additional 272 shares during the period. Finally, Global Retirement Partners LLC lifted its holdings in Silicon Laboratories by 37.3% in the fourth quarter. Global Retirement Partners LLC now owns 497 shares of the semiconductor company’s stock worth $65,000 after purchasing an additional 135 shares during the period.

Insiders Place Their Bets

In other Silicon Laboratories news, CEO Robert Matthew Johnson sold 8,024 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $216.83, for a total value of $1,739,843.92. Following the completion of the sale, the chief executive officer directly owned 80,519 shares of the company’s stock, valued at approximately $17,458,934.77. This represents a 9.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.60% of the company’s stock.

Silicon Laboratories Stock Performance

Shares of NASDAQ SLAB opened at $219.51 on Monday. Silicon Laboratories, Inc. has a twelve month low of $115.50 and a twelve month high of $219.68. The company has a market capitalization of $7.24 billion, a price-to-earnings ratio of -143.47 and a beta of 1.37. The firm has a 50-day moving average of $215.67 and a two-hundred day moving average of $185.13.

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

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Silicon Laboratories in a report on Friday, March 27th. One analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $171.43.

View Our Latest Report on Silicon Laboratories

Silicon Laboratories Company Profile

(Free Report)

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.

Further Reading

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

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