SG Americas Securities LLC Decreases Stock Holdings in Silicon Laboratories Inc. (NASDAQ:SLAB)

SG Americas Securities LLC decreased its holdings in Silicon Laboratories Inc. (NASDAQ:SLAB) by 70.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 974 shares of the semiconductor company’s stock after selling 2,309 shares during the quarter. SG Americas Securities LLC’s holdings in Silicon Laboratories were worth $129,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. HighTower Advisors LLC increased its position in shares of Silicon Laboratories by 17.4% during the 1st quarter. HighTower Advisors LLC now owns 1,421 shares of the semiconductor company’s stock valued at $214,000 after purchasing an additional 211 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Silicon Laboratories by 12.8% during the first quarter. PNC Financial Services Group Inc. now owns 5,094 shares of the semiconductor company’s stock valued at $766,000 after buying an additional 580 shares during the last quarter. Natixis Advisors L.P. raised its position in Silicon Laboratories by 2.5% in the first quarter. Natixis Advisors L.P. now owns 12,997 shares of the semiconductor company’s stock worth $1,952,000 after acquiring an additional 319 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Silicon Laboratories by 5.1% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,999 shares of the semiconductor company’s stock worth $2,103,000 after acquiring an additional 675 shares during the last quarter. Finally, Great West Life Assurance Co. Can grew its position in shares of Silicon Laboratories by 13.1% during the 1st quarter. Great West Life Assurance Co. Can now owns 23,361 shares of the semiconductor company’s stock valued at $3,615,000 after acquiring an additional 2,701 shares during the period.

Silicon Laboratories Stock Performance

SLAB opened at $121.53 on Thursday. Silicon Laboratories Inc. has a fifty-two week low of $74.56 and a fifty-two week high of $172.94. The firm’s fifty day moving average is $136.59 and its 200 day moving average is $121.98. The stock has a market cap of $3.88 billion, a price-to-earnings ratio of -107.55 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 analysts’ consensus estimates of ($1.91) by $0.45. The company had revenue of $86.85 million for the quarter, compared to analysts’ expectations of $85.32 million. Silicon Laboratories had a negative net margin of 4.41% and a positive return on equity of 0.97%. On average, equities research analysts predict that Silicon Laboratories Inc. will post -1.66 earnings per share for the current year.

Analyst Ratings Changes

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

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.