Cwm LLC Grows Stock Holdings in Silicon Laboratories Inc. (NASDAQ:SLAB)

Cwm LLC increased its position in shares of Silicon Laboratories Inc. (NASDAQ:SLAB) by 78.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 374 shares of the semiconductor company’s stock after purchasing an additional 164 shares during the period. Cwm LLC’s holdings in Silicon Laboratories were worth $49,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Silicon Laboratories by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 3,285,032 shares of the semiconductor company’s stock worth $380,702,000 after purchasing an additional 55,586 shares during the last quarter. Van Berkom & Associates Inc. lifted its position in shares of Silicon Laboratories by 36.2% during the third quarter. Van Berkom & Associates Inc. now owns 572,762 shares of the semiconductor company’s stock valued at $66,377,000 after buying an additional 152,269 shares during the last quarter. Federated Hermes Inc. boosted its holdings in shares of Silicon Laboratories by 6.9% in the 4th quarter. Federated Hermes Inc. now owns 516,484 shares of the semiconductor company’s stock valued at $68,315,000 after buying an additional 33,357 shares in the last quarter. Eagle Asset Management Inc. grew its position in shares of Silicon Laboratories by 2.7% in the 3rd quarter. Eagle Asset Management Inc. now owns 460,435 shares of the semiconductor company’s stock worth $53,360,000 after buying an additional 12,174 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Silicon Laboratories by 6.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 417,103 shares of the semiconductor company’s stock worth $48,338,000 after acquiring an additional 24,659 shares in the last quarter.

Analyst Ratings Changes

Several brokerages have weighed in on SLAB. Citigroup lowered their target price on shares of Silicon Laboratories from $137.00 to $120.00 and set a “neutral” rating for the company in a research note on Thursday, April 25th. Needham & Company LLC upgraded Silicon Laboratories from a “hold” rating to a “buy” rating and set a $150.00 target price on the stock in a research note on Thursday, April 25th. Barclays decreased their price target on Silicon Laboratories from $140.00 to $120.00 and set an “equal weight” rating for the company in a research note on Thursday, April 25th. JPMorgan Chase & Co. dropped their price target on Silicon Laboratories from $165.00 to $150.00 and set an “overweight” rating on the stock in a research note on Thursday, April 25th. Finally, Benchmark reaffirmed a “hold” rating on shares of Silicon Laboratories in a research report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $135.00.

Silicon Laboratories Stock Up 0.8 %

Silicon Laboratories stock opened at $127.96 on Friday. Silicon Laboratories Inc. has a 52 week low of $74.56 and a 52 week high of $166.94. The stock has a 50-day moving average price of $131.32 and a 200 day moving average price of $123.06. The company has a market capitalization of $4.08 billion, a price-to-earnings ratio of -38.66 and a beta of 1.25.

Silicon Laboratories (NASDAQ:SLAB) last announced its quarterly earnings data on Wednesday, April 24th. The semiconductor company reported ($1.34) EPS for the quarter, missing the consensus estimate of ($1.29) by ($0.05). The business had revenue of $106.38 million for the quarter, compared to analyst estimates of $104.45 million. Silicon Laboratories had a negative net margin of 16.36% and a negative return on equity of 4.45%. Research analysts anticipate that Silicon Laboratories Inc. will post -3.1 EPS 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.