Mirae Asset Global Investments Co. Ltd. Lowers Stock Holdings in Silicon Laboratories Inc. (NASDAQ:SLAB)

Mirae Asset Global Investments Co. Ltd. lessened its holdings in Silicon Laboratories Inc. (NASDAQ:SLAB) by 4.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 71,795 shares of the semiconductor company’s stock after selling 3,391 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Silicon Laboratories were worth $9,496,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of SLAB. Venturi Wealth Management LLC bought a new position in shares of Silicon Laboratories in the third quarter worth about $30,000. Belpointe Asset Management LLC lifted its holdings in Silicon Laboratories by 72.5% in the 1st quarter. Belpointe Asset Management LLC now owns 207 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 87 shares in the last quarter. Live Oak Investment Partners bought a new position in Silicon Laboratories in the 4th quarter worth approximately $39,000. Global Retirement Partners LLC grew its holdings in Silicon Laboratories by 31.7% during the 3rd quarter. Global Retirement Partners LLC now owns 507 shares of the semiconductor company’s stock valued at $58,000 after buying an additional 122 shares in the last quarter. Finally, Itau Unibanco Holding S.A. purchased a new stake in Silicon Laboratories during the 3rd quarter valued at approximately $61,000.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on SLAB shares. Barclays boosted their target price on shares of Silicon Laboratories from $120.00 to $140.00 and gave the stock an “equal weight” rating in a report on Thursday, February 8th. TD Cowen increased their price objective on shares of Silicon Laboratories from $140.00 to $155.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. StockNews.com cut Silicon Laboratories from a “hold” rating to a “sell” rating in a report on Friday, December 29th. Stifel Nicolaus increased their price target on Silicon Laboratories from $136.00 to $155.00 and gave the company a “buy” rating in a research note on Tuesday, January 2nd. Finally, JPMorgan Chase & Co. raised their price target on Silicon Laboratories from $145.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $143.29.

Silicon Laboratories Price Performance

Shares of NASDAQ SLAB opened at $126.32 on Friday. Silicon Laboratories Inc. has a 1-year low of $74.56 and a 1-year high of $172.94. The business’s 50 day moving average is $136.62 and its two-hundred day moving average is $121.77. The stock has a market capitalization of $4.03 billion, a P/E ratio of -111.79 and a beta of 1.27.

Silicon Laboratories (NASDAQ:SLAB) last released its earnings results on Wednesday, February 7th. The semiconductor company reported ($1.46) earnings per share for the quarter, beating the consensus estimate of ($1.91) by $0.45. Silicon Laboratories had a positive return on equity of 0.97% and a negative net margin of 4.41%. The firm had revenue of $86.85 million for the quarter, compared to the consensus estimate of $85.32 million. As a group, equities research analysts anticipate that Silicon Laboratories Inc. will post -1.66 earnings per share for the current fiscal year.

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 industrial Internet of Things (IoT), including industrial automation and control, smart buildings, access control, HVAC control, and industrial wearables and power tools; smart cities applications, such as smart metering, smart street lighting, renewable energy, electric vehicle supply equipment, and smart agriculture; commercial IoT applications, including smart lighting, asset tracking, electronic shelf labels, theft protection, and enterprise access points; smart home applications, comprising home automation/security systems, smart speakers, smart lighting, HVAC control, smart cameras, smart appliances, smart home sensing, smart locks, and window/blind controls; and connected health applications, including diabetes management, consumer health and fitness, elderly care, patient monitoring, and activity tracking; as well as in commercial building automation, consumer electronics, and medical instrumentation.