SG Americas Securities LLC Sells 2,309 Shares of Silicon Laboratories Inc. (NASDAQ:SLAB)

SG Americas Securities LLC decreased its position in Silicon Laboratories Inc. (NASDAQ:SLAB) by 70.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 reporting period.

Several other institutional investors have also recently made changes to their positions in SLAB. Venturi Wealth Management LLC bought a new stake in shares of Silicon Laboratories in the 3rd quarter worth $30,000. Belpointe Asset Management LLC grew its position in Silicon Laboratories by 72.5% during the first quarter. Belpointe Asset Management LLC now owns 207 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 87 shares during the period. Live Oak Investment Partners bought a new position in Silicon Laboratories during the fourth quarter valued at about $39,000. Global Retirement Partners LLC grew its position in Silicon Laboratories by 31.7% during the third quarter. Global Retirement Partners LLC now owns 507 shares of the semiconductor company’s stock valued at $58,000 after buying an additional 122 shares during the period. Finally, Itau Unibanco Holding S.A. bought a new position in Silicon Laboratories during the third quarter valued at about $61,000.

Wall Street Analysts Forecast Growth

SLAB has been the subject of several research reports. StockNews.com lowered shares of Silicon Laboratories from a “hold” rating to a “sell” rating in a research report on Friday, December 29th. Stifel Nicolaus increased their price target on shares of Silicon Laboratories from $136.00 to $155.00 and gave the company a “buy” rating in a research report on Tuesday, January 2nd. JPMorgan Chase & Co. upped their price objective on shares of Silicon Laboratories from $145.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. TD Cowen upped their price objective on shares of Silicon Laboratories from $140.00 to $155.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. Finally, Barclays upped their price objective on shares of Silicon Laboratories from $120.00 to $140.00 and gave the company an “equal weight” rating in a report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $143.29.

Silicon Laboratories Trading Down 2.6 %

Shares of Silicon Laboratories stock opened at $121.53 on Thursday. Silicon Laboratories Inc. has a 12-month low of $74.56 and a 12-month high of $172.94. The company has a market cap of $3.88 billion, a price-to-earnings ratio of -107.55 and a beta of 1.27. The company’s 50-day moving average price is $136.59 and its 200-day moving average price is $121.98.

Silicon Laboratories (NASDAQ:SLAB) last announced its quarterly earnings results on Wednesday, February 7th. The semiconductor company reported ($1.46) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.91) by $0.45. Silicon Laboratories had a negative net margin of 4.41% and a positive return on equity of 0.97%. The firm had revenue of $86.85 million for the quarter, compared to the consensus estimate of $85.32 million. On average, sell-side analysts predict that Silicon Laboratories Inc. will post -1.66 earnings per share for the current year.

About Silicon Laboratories

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.