Tower Research Capital LLC TRC Decreases Stake in Silicon Laboratories Inc. (NASDAQ:SLAB)

Tower Research Capital LLC TRC lowered its position in shares of Silicon Laboratories Inc. (NASDAQ:SLAB) by 57.5% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 949 shares of the semiconductor company’s stock after selling 1,284 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Silicon Laboratories were worth $167,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC purchased a new stake in shares of Silicon Laboratories during the 1st quarter worth about $36,000. Live Oak Investment Partners purchased a new position in Silicon Laboratories in the 4th quarter worth approximately $39,000. Venturi Wealth Management LLC purchased a new position in Silicon Laboratories in the 1st quarter worth approximately $45,000. Quadrant Capital Group LLC boosted its holdings in Silicon Laboratories by 72.9% in the 4th quarter. Quadrant Capital Group LLC now owns 377 shares of the semiconductor company’s stock worth $51,000 after acquiring an additional 159 shares during the period. Finally, Covestor Ltd boosted its holdings in Silicon Laboratories by 214.8% in the 1st quarter. Covestor Ltd now owns 554 shares of the semiconductor company’s stock worth $83,000 after acquiring an additional 378 shares during the period.

Insider Buying and Selling at Silicon Laboratories

In related news, CEO Robert Matthew Johnson sold 3,498 shares of Silicon Laboratories stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $144.06, for a total transaction of $503,921.88. Following the sale, the chief executive officer now directly owns 38,263 shares in the company, valued at $5,512,167.78. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.96% of the stock is currently owned by company insiders.

Silicon Laboratories Price Performance

Shares of SLAB opened at $136.67 on Wednesday. The business’s fifty day moving average price is $147.62 and its 200 day moving average price is $156.04. Silicon Laboratories Inc. has a 12-month low of $109.44 and a 12-month high of $194.68. The stock has a market capitalization of $4.35 billion, a PE ratio of 65.08 and a beta of 1.10.

Silicon Laboratories (NASDAQ:SLAB) last announced its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.06). Silicon Laboratories had a return on equity of 7.36% and a net margin of 7.00%. The firm had revenue of $244.87 million for the quarter, compared to the consensus estimate of $243.32 million. As a group, research analysts anticipate that Silicon Laboratories Inc. will post 1.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SLAB has been the subject of a number of analyst reports. Raymond James initiated coverage on Silicon Laboratories in a report on Friday, July 7th. They issued a “market perform” rating for the company. StockNews.com began coverage on Silicon Laboratories in a report on Thursday, August 17th. They issued a “hold” rating for the company. Citigroup reduced their target price on Silicon Laboratories from $165.00 to $148.00 and set a “neutral” rating for the company in a research note on Friday, July 28th. Finally, KeyCorp decreased their price target on shares of Silicon Laboratories from $200.00 to $180.00 and set an “overweight” rating for the company in a research report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $167.50.

Silicon Laboratories Profile

Silicon Laboratories Inc, a fabless semiconductor company, provides various analog-intensive mixed-signal solutions in the United States, China, Taiwan, 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.