Worthington Financial Partners LLC Invests $405,000 in Silicon Laboratories, Inc. $SLAB

Worthington Financial Partners LLC acquired a new stake in shares of Silicon Laboratories, Inc. (NASDAQ:SLABFree Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 3,102 shares of the semiconductor company’s stock, valued at approximately $405,000.

Other institutional investors and hedge funds have also modified their holdings of the company. AQR Capital Management LLC raised its holdings in Silicon Laboratories by 43.7% during the 1st quarter. AQR Capital Management LLC now owns 17,892 shares of the semiconductor company’s stock worth $2,001,000 after buying an additional 5,439 shares during the period. Millennium Management LLC lifted its stake in Silicon Laboratories by 2,804.1% in the first quarter. Millennium Management LLC now owns 99,842 shares of the semiconductor company’s stock valued at $11,239,000 after buying an additional 96,404 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Silicon Laboratories by 121.4% in the first quarter. Jones Financial Companies Lllp now owns 496 shares of the semiconductor company’s stock valued at $56,000 after buying an additional 272 shares during the period. United Services Automobile Association acquired a new position in shares of Silicon Laboratories in the first quarter valued at approximately $235,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Silicon Laboratories by 1.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 97,156 shares of the semiconductor company’s stock worth $10,937,000 after acquiring an additional 1,679 shares in the last quarter.

Insider Buying and Selling at Silicon Laboratories

In other news, CEO Robert Matthew Johnson sold 8,024 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $216.83, for a total transaction of $1,739,843.92. Following the completion of the transaction, the chief executive officer directly owned 80,519 shares of the company’s stock, valued at $17,458,934.77. This trade represents a 9.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Get Our Latest Report on SLAB

Silicon Laboratories Price Performance

SLAB stock opened at $219.75 on Friday. The stock has a market capitalization of $7.25 billion, a P/E ratio of -143.63 and a beta of 1.37. Silicon Laboratories, Inc. has a fifty-two week low of $115.50 and a fifty-two week high of $220.90. The business has a 50-day moving average of $216.67 and a 200-day moving average of $187.99.

Silicon Laboratories (NASDAQ:SLABGet Free Report) last announced its earnings results on Tuesday, May 5th. The semiconductor company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.04. The business had revenue of $213.50 million for the quarter, compared to analyst estimates of $214.02 million. Silicon Laboratories had a negative return on equity of 2.18% and a negative net margin of 6.13%.Silicon Laboratories’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.08) EPS. Equities analysts expect that Silicon Laboratories, Inc. will post 0.74 EPS for the current year.

About Silicon Laboratories

(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.

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

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