Penn Capital Management Co. Inc. decreased its position in shares of Silicon Laboratories (NASDAQ:SLAB) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,145 shares of the semiconductor company’s stock after selling 805 shares during the period. Penn Capital Management Co. Inc.’s holdings in Silicon Laboratories were worth $2,679,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in SLAB. Advisors Asset Management Inc. raised its position in shares of Silicon Laboratories by 75.1% during the third quarter. Advisors Asset Management Inc. now owns 1,292 shares of the semiconductor company’s stock valued at $103,000 after buying an additional 554 shares during the last quarter. Public Employees Retirement Association of Colorado acquired a new position in shares of Silicon Laboratories during the fourth quarter valued at about $155,000. M&T Bank Corp acquired a new position in shares of Silicon Laboratories during the fourth quarter valued at about $202,000. World Asset Management Inc acquired a new position in shares of Silicon Laboratories during the third quarter valued at about $216,000. Finally, OLD National Bancorp IN acquired a new position in shares of Silicon Laboratories during the third quarter valued at about $217,000. 89.66% of the stock is owned by hedge funds and other institutional investors.
In other news, Director William P. Wood sold 5,000 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $91.30, for a total transaction of $456,500.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director William G. Bock sold 2,500 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $91.91, for a total transaction of $229,775.00. Following the sale, the director now directly owns 40,926 shares in the company, valued at $3,761,508.66. The disclosure for this sale can be found here. Insiders have sold 25,866 shares of company stock worth $2,431,700 over the last ninety days. Insiders own 34.82% of the company’s stock.
Shares of Silicon Laboratories (NASDAQ:SLAB) opened at $90.80 on Monday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 5.39 and a current ratio of 5.84. The firm has a market cap of $3,877.94, a PE ratio of 38.80, a price-to-earnings-growth ratio of 2.40 and a beta of 1.41. Silicon Laboratories has a 52 week low of $66.35 and a 52 week high of $100.00.
Silicon Laboratories (NASDAQ:SLAB) last issued its quarterly earnings data on Wednesday, January 31st. The semiconductor company reported $0.93 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.07. The firm had revenue of $201.02 million for the quarter, compared to analysts’ expectations of $197.93 million. Silicon Laboratories had a net margin of 6.12% and a return on equity of 11.11%. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.75 earnings per share. sell-side analysts predict that Silicon Laboratories will post 2.52 EPS for the current fiscal year.
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Silicon Laboratories Company Profile
Silicon Laboratories Inc is a provider of silicon, software and solutions for the Internet of Things (IoT), Internet infrastructure, industrial, consumer and automotive markets. The Company operates through mixed-signal analog intensive products segment. It provides analog-intensive, mixed-signal solutions for use in a range of electronic products in various applications for the IoT market.
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