Cwm LLC Lowers Position in Silicon Laboratories Inc. (NASDAQ:SLAB)

Cwm LLC cut its stake in Silicon Laboratories Inc. (NASDAQ:SLAB – Get Rating) by 29.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 306 shares of the semiconductor company’s stock after selling 127 shares during the period. Cwm LLC’s holdings in Silicon Laboratories were worth $38,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Lazard Asset Management LLC purchased a new position in shares of Silicon Laboratories during the second quarter valued at approximately $25,000. Meeder Asset Management Inc. lifted its holdings in shares of Silicon Laboratories by 94.5% during the second quarter. Meeder Asset Management Inc. now owns 282 shares of the semiconductor company’s stock valued at $40,000 after purchasing an additional 137 shares during the last quarter. Exchange Traded Concepts LLC purchased a new position in shares of Silicon Laboratories during the third quarter valued at approximately $58,000. Covestor Ltd lifted its holdings in shares of Silicon Laboratories by 214.8% during the first quarter. Covestor Ltd now owns 554 shares of the semiconductor company’s stock valued at $83,000 after purchasing an additional 378 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Silicon Laboratories by 92.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 609 shares of the semiconductor company’s stock valued at $86,000 after purchasing an additional 292 shares during the last quarter. 99.56% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on SLAB shares. Morgan Stanley lowered their target price on shares of Silicon Laboratories from $161.00 to $151.00 and set an “equal weight” rating for the company in a report on Thursday, October 27th. Wells Fargo & Company raised their price target on shares of Silicon Laboratories from $145.00 to $155.00 and gave the company an “overweight” rating in a research report on Monday, January 9th. KeyCorp reduced their price target on shares of Silicon Laboratories from $180.00 to $160.00 and set an “overweight” rating for the company in a research report on Thursday, October 27th. Cowen raised their price target on shares of Silicon Laboratories from $150.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, December 7th. Finally, Needham & Company LLC downgraded shares of Silicon Laboratories from a “buy” rating to a “hold” rating in a research report on Thursday, October 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $156.38.

Insiders Place Their Bets

In other Silicon Laboratories news, Director Nina Richardson sold 1,351 shares of Silicon Laboratories stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $145.00, for a total value of $195,895.00. Following the completion of the sale, the director now owns 6,820 shares of the company’s stock, valued at approximately $988,900. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.61% of the stock is currently owned by insiders.

Silicon Laboratories Trading Up 3.1 %

NASDAQ:SLAB opened at $148.16 on Friday. The company has a current ratio of 7.90, a quick ratio of 7.47 and a debt-to-equity ratio of 0.34. Silicon Laboratories Inc. has a 12 month low of $109.44 and a 12 month high of $183.00. The company has a market cap of $4.93 billion, a PE ratio of 87.15 and a beta of 1.12. The company has a 50 day simple moving average of $140.97 and a two-hundred day simple moving average of $133.88.

Silicon Laboratories (NASDAQ:SLAB – Get Rating) last posted its earnings results on Wednesday, October 26th. The semiconductor company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.04. Silicon Laboratories had a net margin of 6.45% and a return on equity of 5.70%. The business had revenue of $269.82 million during the quarter, compared to the consensus estimate of $270.17 million. Research analysts forecast that Silicon Laboratories Inc. will post 3.21 earnings per share for the current year.

Silicon Laboratories Company Profile

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Silicon Laboratories Inc, a fabless semiconductor company, provides various analog-intensive mixed-signal solutions in the United States, China, 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 Internet of Things (IoT), including connected home and security, industrial automation and control, smart metering, smart lighting, commercial building automation, consumer electronics, asset tracking, and medical instrumentation.