SG Americas Securities LLC Cuts Stock Holdings in Silicon Laboratories Inc. (NASDAQ:SLAB)

SG Americas Securities LLC reduced its position in shares of Silicon Laboratories Inc. (NASDAQ:SLABGet Rating) by 84.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 4,892 shares of the semiconductor company’s stock after selling 25,635 shares during the period. SG Americas Securities LLC’s holdings in Silicon Laboratories were worth $604,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Lazard Asset Management LLC purchased a new position in Silicon Laboratories in the second quarter valued at about $25,000. Meeder Asset Management Inc. increased its holdings in Silicon Laboratories by 94.5% in the second quarter. Meeder Asset Management Inc. now owns 282 shares of the semiconductor company’s stock valued at $40,000 after buying an additional 137 shares in the last quarter. CWM LLC increased its holdings in Silicon Laboratories by 58.0% in the second quarter. CWM LLC now owns 433 shares of the semiconductor company’s stock valued at $61,000 after buying an additional 159 shares in the last quarter. Exchange Traded Concepts LLC purchased a new position in Silicon Laboratories in the third quarter valued at about $58,000. Finally, Covestor Ltd increased its holdings in Silicon Laboratories by 214.8% in the first quarter. Covestor Ltd now owns 554 shares of the semiconductor company’s stock valued at $83,000 after buying an additional 378 shares in the last quarter. 99.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Barclays dropped their target price on shares of Silicon Laboratories from $95.00 to $85.00 in a report on Thursday, October 27th. Cowen increased their price target on shares of Silicon Laboratories from $150.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, December 7th. StockNews.com assumed coverage on shares of Silicon Laboratories in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Cowen increased their price target on shares of Silicon Laboratories from $150.00 to $175.00 in a research report on Wednesday, December 7th. Finally, Wells Fargo & Company increased their price target on shares of Silicon Laboratories from $145.00 to $155.00 and gave the company an “overweight” rating in a research report on Monday, January 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $156.38.

Insider Buying and Selling at Silicon Laboratories

In other Silicon Laboratories news, Director Nina Richardson sold 1,351 shares of Silicon Laboratories stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $145.00, for a total value of $195,895.00. Following the transaction, the director now owns 6,820 shares in the company, valued at approximately $988,900. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.61% of the stock is owned by company insiders.

Silicon Laboratories Stock Up 3.1 %

Shares of NASDAQ SLAB opened at $148.16 on Monday. Silicon Laboratories Inc. has a 1 year low of $109.44 and a 1 year high of $183.00. The firm’s 50 day moving average price is $140.97 and its 200 day moving average price is $134.07. The firm has a market cap of $4.93 billion, a P/E ratio of 87.15 and a beta of 1.12. The company has a debt-to-equity ratio of 0.34, a quick ratio of 7.47 and a current ratio of 7.90.

Silicon Laboratories (NASDAQ:SLABGet Rating) last announced its earnings results on Wednesday, October 26th. The semiconductor company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.04. The firm had revenue of $269.82 million for the quarter, compared to analyst estimates of $270.17 million. Silicon Laboratories had a net margin of 6.45% and a return on equity of 5.70%. As a group, sell-side analysts anticipate that Silicon Laboratories Inc. will post 3.21 earnings per share for the current year.

Silicon Laboratories Profile

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Silicon Laboratories, Inc designs and develops analog-intensive and mixed-signal integrated circuits. The firm offers microcontrollers, wireless, sensors, USB bridges, analog, clocks and oscillators, isolators, power, audio and radio, modems and TV and video product categories. It provides solutions for automotive, communications, data centers, healthcare & fitness, home automation & entertainment, industrial automation & power and retail industries.

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Institutional Ownership by Quarter for Silicon Laboratories (NASDAQ:SLAB)

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