Silicon Laboratories, Inc. $SLAB Shares Sold by Van Berkom & Associates Inc.

Van Berkom & Associates Inc. reduced its holdings in Silicon Laboratories, Inc. (NASDAQ:SLAB) by 94.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,873 shares of the semiconductor company’s stock after selling 174,203 shares during the period. Van Berkom & Associates Inc.’s holdings in Silicon Laboratories were worth $1,295,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. UMB Bank n.a. grew its stake in Silicon Laboratories by 43.9% in the 3rd quarter. UMB Bank n.a. now owns 282 shares of the semiconductor company’s stock valued at $37,000 after acquiring an additional 86 shares during the period. Advisors Asset Management Inc. raised its position in Silicon Laboratories by 17.6% during the second quarter. Advisors Asset Management Inc. now owns 742 shares of the semiconductor company’s stock worth $109,000 after acquiring an additional 111 shares during the period. Arizona State Retirement System lifted its holdings in Silicon Laboratories by 1.6% during the third quarter. Arizona State Retirement System now owns 9,627 shares of the semiconductor company’s stock valued at $1,262,000 after purchasing an additional 153 shares in the last quarter. L. Roy Papp & Associates LLP grew its position in shares of Silicon Laboratories by 2.1% in the second quarter. L. Roy Papp & Associates LLP now owns 8,885 shares of the semiconductor company’s stock valued at $1,309,000 after purchasing an additional 185 shares during the period. Finally, EFG Asset Management North America Corp. increased its stake in shares of Silicon Laboratories by 1.1% during the third quarter. EFG Asset Management North America Corp. now owns 24,046 shares of the semiconductor company’s stock worth $3,155,000 after purchasing an additional 262 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on SLAB shares. Royal Bank Of Canada began coverage on shares of Silicon Laboratories in a research note on Thursday, January 15th. They issued a “sector perform” rating and a $160.00 price target on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Silicon Laboratories in a report on Monday, December 29th. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $154.25.

Silicon Laboratories Trading Down 4.7%

SLAB stock opened at $136.62 on Wednesday. The firm has a 50-day moving average of $139.35 and a two-hundred day moving average of $134.62. Silicon Laboratories, Inc. has a 12 month low of $82.82 and a 12 month high of $160.00. The company has a market cap of $4.49 billion, a price-to-earnings ratio of -51.75 and a beta of 1.56.

Silicon Laboratories (NASDAQ:SLAB) last posted its quarterly earnings results on Tuesday, November 4th. The semiconductor company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. Silicon Laboratories had a negative return on equity of 6.04% and a negative net margin of 11.58%.The business had revenue of $206.00 million during the quarter, compared to analyst estimates of $205.04 million. As a group, equities analysts forecast that Silicon Laboratories, Inc. will post -0.97 earnings per share for the current year.

Insider Buying and Selling at Silicon Laboratories

In other Silicon Laboratories news, SVP Brandon Tolany sold 1,954 shares of the firm’s stock in a transaction on Friday, December 5th. The stock was sold at an average price of $141.49, for a total value of $276,471.46. Following the completion of the sale, the senior vice president directly owned 62,381 shares of the company’s stock, valued at $8,826,287.69. This trade represents a 3.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Nina Richardson sold 1,355 shares of the business’s stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $149.00, for a total transaction of $201,895.00. Following the transaction, the director directly owned 8,543 shares in the company, valued at approximately $1,272,907. The trade was a 13.69% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 7,555 shares of company stock valued at $1,073,528. 1.60% of the stock is owned by company insiders.

Silicon Laboratories Profile

Silicon Laboratories (NASDAQ:SLAB) is a global semiconductor company that develops high-performance analog and mixed-signal integrated circuits, wireless system-on-chips (SoCs), microcontrollers, and radio frequency (RF) solutions. Its product portfolio is tailored to support the Internet of Things (IoT), infrastructure, industrial automation, consumer electronics, automotive, and energy markets. By combining silicon, software, and tools, Silicon Labs aims to accelerate development cycles and deliver low-power, highly integrated solutions that address demanding application requirements.

Founded in 1996 and headquartered in Austin, Texas, Silicon Labs has grown into a multinational organization with engineering and sales operations across North America, Europe, and Asia.