Silicon Laboratories Inc. (NASDAQ:SLAB) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its stake in Silicon Laboratories Inc. (NASDAQ:SLAB) by 2.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,867 shares of the semiconductor company’s stock after selling 982 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.10% of Silicon Laboratories worth $3,914,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of SLAB. CWM LLC increased its stake in Silicon Laboratories by 185.0% during the 2nd quarter. CWM LLC now owns 8,435 shares of the semiconductor company’s stock worth $933,000 after buying an additional 5,475 shares in the last quarter. Natixis acquired a new position in Silicon Laboratories in the 1st quarter valued at $647,000. Vanguard Group Inc. lifted its holdings in Silicon Laboratories by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 3,489,160 shares of the semiconductor company’s stock valued at $501,462,000 after purchasing an additional 24,997 shares in the last quarter. SG Americas Securities LLC boosted its stake in Silicon Laboratories by 284.6% during the 2nd quarter. SG Americas Securities LLC now owns 7,076 shares of the semiconductor company’s stock worth $783,000 after purchasing an additional 5,236 shares during the last quarter. Finally, Clearbridge Investments LLC grew its holdings in shares of Silicon Laboratories by 84.0% during the second quarter. Clearbridge Investments LLC now owns 273,776 shares of the semiconductor company’s stock worth $30,288,000 after buying an additional 125,022 shares in the last quarter.

Silicon Laboratories Price Performance

NASDAQ SLAB opened at $103.44 on Friday. The stock has a market capitalization of $3.36 billion, a P/E ratio of -13.98 and a beta of 1.20. The firm’s 50-day moving average is $111.22 and its two-hundred day moving average is $114.32. Silicon Laboratories Inc. has a 12 month low of $94.00 and a 12 month high of $154.91.

Silicon Laboratories (NASDAQ:SLAB) last issued its quarterly earnings data on Monday, November 4th. The semiconductor company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.07. Silicon Laboratories had a negative net margin of 46.93% and a negative return on equity of 12.60%. The firm had revenue of $166.00 million for the quarter, compared to analyst estimates of $165.50 million. During the same period in the prior year, the business posted $0.48 EPS. The business’s revenue for the quarter was down 18.5% compared to the same quarter last year. As a group, analysts anticipate that Silicon Laboratories Inc. will post -3.56 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on SLAB. Barclays lowered their price target on shares of Silicon Laboratories from $120.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 5th. Needham & Company LLC restated a “buy” rating and issued a $150.00 price target on shares of Silicon Laboratories in a research report on Thursday, July 25th. Morgan Stanley reduced their price objective on Silicon Laboratories from $123.00 to $97.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 5th. StockNews.com upgraded Silicon Laboratories to a “sell” rating in a report on Friday, November 8th. Finally, Stifel Nicolaus reduced their price target on Silicon Laboratories from $160.00 to $135.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $121.50.

Insider Transactions at Silicon Laboratories

In related news, SVP Brandon Tolany sold 845 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $115.00, for a total transaction of $97,175.00. Following the transaction, the senior vice president now owns 43,615 shares of the company’s stock, valued at approximately $5,015,725. This represents a 1.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.72% of the company’s stock.

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.