Van Berkom & Associates Inc. Sells 2,351 Shares of Silicon Laboratories, Inc. $SLAB

Van Berkom & Associates Inc. trimmed its holdings in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB) by 23.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,662 shares of the semiconductor company’s stock after selling 2,351 shares during the quarter. Van Berkom & Associates Inc.’s holdings in Silicon Laboratories were worth $1,595,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. AQR Capital Management LLC boosted its stake in shares of Silicon Laboratories by 43.7% during the 1st quarter. AQR Capital Management LLC now owns 17,892 shares of the semiconductor company’s stock worth $2,001,000 after acquiring an additional 5,439 shares in the last quarter. Millennium Management LLC raised its stake in shares of Silicon Laboratories by 2,804.1% in the 1st quarter. Millennium Management LLC now owns 99,842 shares of the semiconductor company’s stock valued at $11,239,000 after acquiring an additional 96,404 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of Silicon Laboratories by 121.4% in the 1st quarter. Jones Financial Companies Lllp now owns 496 shares of the semiconductor company’s stock valued at $56,000 after acquiring an additional 272 shares in the last quarter. United Services Automobile Association acquired a new stake in Silicon Laboratories in the 1st quarter worth approximately $235,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Silicon Laboratories by 1.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 97,156 shares of the semiconductor company’s stock worth $10,937,000 after purchasing an additional 1,679 shares during the last quarter.

Insider Buying and Selling

In related news, CEO Robert Matthew Johnson sold 8,024 shares of the company’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $216.83, for a total transaction of $1,739,843.92. Following the completion of the transaction, the chief executive officer directly owned 80,519 shares in the company, valued at $17,458,934.77. This represents a 9.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.60% of the stock is currently owned by insiders.

Silicon Laboratories Price Performance

Shares of NASDAQ SLAB opened at $217.47 on Monday. Silicon Laboratories, Inc. has a 12 month low of $115.50 and a 12 month high of $220.90. The company has a market cap of $7.17 billion, a P/E ratio of -142.14 and a beta of 1.36. The business’s 50 day moving average is $218.22 and its two-hundred day moving average is $199.94.

Silicon Laboratories (NASDAQ:SLAB) last posted its quarterly earnings data on Tuesday, May 5th. The semiconductor company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.04. The company had revenue of $213.50 million during the quarter, compared to analysts’ expectations of $214.02 million. Silicon Laboratories had a negative return on equity of 2.18% and a negative net margin of 6.13%.Silicon Laboratories’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.08) earnings per share. Sell-side analysts expect that Silicon Laboratories, Inc. will post 0.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Silicon Laboratories in a report on Wednesday, June 24th. Eight equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Silicon Laboratories has a consensus rating of “Reduce” and a consensus target price of $172.00.

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.