GAMMA Investing LLC Acquires New Holdings in Silicon Laboratories Inc. (NASDAQ:SLAB)

GAMMA Investing LLC bought a new stake in Silicon Laboratories Inc. (NASDAQ:SLAB) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 291 shares of the semiconductor company’s stock, valued at approximately $36,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. L. Roy Papp & Associates LLP boosted its holdings in shares of Silicon Laboratories by 1.2% in the fourth quarter. L. Roy Papp & Associates LLP now owns 9,920 shares of the semiconductor company’s stock valued at $1,312,000 after acquiring an additional 120 shares in the last quarter. CWM LLC boosted its stake in Silicon Laboratories by 78.1% during the 4th quarter. CWM LLC now owns 374 shares of the semiconductor company’s stock valued at $49,000 after purchasing an additional 164 shares in the last quarter. Linden Thomas Advisory Services LLC increased its position in shares of Silicon Laboratories by 2.0% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 8,871 shares of the semiconductor company’s stock valued at $1,173,000 after purchasing an additional 177 shares during the period. Venturi Wealth Management LLC bought a new stake in shares of Silicon Laboratories in the 3rd quarter worth $30,000. Finally, O Shaughnessy Asset Management LLC lifted its holdings in shares of Silicon Laboratories by 16.8% in the third quarter. O Shaughnessy Asset Management LLC now owns 1,833 shares of the semiconductor company’s stock valued at $212,000 after buying an additional 264 shares during the period.

Silicon Laboratories Trading Up 1.1 %

NASDAQ SLAB opened at $122.37 on Friday. The firm’s 50 day moving average price is $132.10 and its two-hundred day moving average price is $122.54. Silicon Laboratories Inc. has a twelve month low of $74.56 and a twelve month high of $166.94.

Silicon Laboratories (NASDAQ:SLAB) last issued its quarterly earnings results on Wednesday, April 24th. The semiconductor company reported ($1.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.29) by ($0.05). The business had revenue of $106.38 million for the quarter, compared to analysts’ expectations of $104.45 million. Silicon Laboratories had a negative net margin of 16.36% and a negative return on equity of 4.45%. Sell-side analysts forecast that Silicon Laboratories Inc. will post -3.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SLAB. Citigroup dropped their price target on shares of Silicon Laboratories from $137.00 to $120.00 and set a “neutral” rating on the stock in a research report on Thursday, April 25th. TD Cowen dropped their target price on shares of Silicon Laboratories from $155.00 to $145.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Barclays reduced their target price on shares of Silicon Laboratories from $140.00 to $120.00 and set an “equal weight” rating for the company in a report on Thursday, April 25th. Summit Insights cut Silicon Laboratories from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. Finally, Benchmark reissued a “hold” rating on shares of Silicon Laboratories in a research note on Thursday, April 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $135.00.

Silicon Laboratories Company 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.