Leeward Investments LLC MA Boosts Stake in Silicon Laboratories Inc. (NASDAQ:SLAB)

Leeward Investments LLC MA boosted its stake in Silicon Laboratories Inc. (NASDAQ:SLAB) by 40.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 88,316 shares of the semiconductor company’s stock after acquiring an additional 25,588 shares during the period. Leeward Investments LLC MA’s holdings in Silicon Laboratories were worth $11,682,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SLAB. L. Roy Papp & Associates LLP lifted its stake in shares of Silicon Laboratories by 1.2% during the 4th quarter. L. Roy Papp & Associates LLP now owns 9,920 shares of the semiconductor company’s stock worth $1,312,000 after purchasing an additional 120 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of Silicon Laboratories by 20.0% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 733 shares of the semiconductor company’s stock worth $85,000 after purchasing an additional 122 shares during the period. Global Retirement Partners LLC lifted its stake in shares of Silicon Laboratories by 31.7% during the 3rd quarter. Global Retirement Partners LLC now owns 507 shares of the semiconductor company’s stock worth $58,000 after purchasing an additional 122 shares during the period. CWM LLC lifted its stake in shares of Silicon Laboratories by 78.1% during the 4th quarter. CWM LLC now owns 374 shares of the semiconductor company’s stock worth $49,000 after purchasing an additional 164 shares during the period. Finally, Linden Thomas Advisory Services LLC lifted its stake in shares of Silicon Laboratories by 2.0% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 8,871 shares of the semiconductor company’s stock worth $1,173,000 after purchasing an additional 177 shares during the period.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Citigroup reduced their price target on Silicon Laboratories from $137.00 to $120.00 and set a “neutral” rating on the stock in a research note on Thursday. Summit Insights lowered Silicon Laboratories from a “buy” rating to a “hold” rating in a research note on Wednesday. StockNews.com downgraded Silicon Laboratories from a “hold” rating to a “sell” rating in a report on Friday, December 29th. Needham & Company LLC upgraded Silicon Laboratories from a “hold” rating to a “buy” rating and set a $150.00 price objective for the company in a report on Thursday. Finally, Benchmark restated a “hold” rating on shares of Silicon Laboratories in a report on Thursday. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $135.00.

Silicon Laboratories Price Performance

NASDAQ SLAB traded up $3.20 during trading hours on Friday, hitting $122.13. The company had a trading volume of 479,947 shares, compared to its average volume of 329,450. Silicon Laboratories Inc. has a fifty-two week low of $74.56 and a fifty-two week high of $166.94. The company has a market capitalization of $3.90 billion, a price-to-earnings ratio of -36.90 and a beta of 1.27. The firm’s 50 day moving average is $133.57 and its 200 day moving average is $122.15.

Silicon Laboratories (NASDAQ:SLAB) last announced its quarterly earnings results on Wednesday, April 24th. The semiconductor company reported ($1.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.29) by ($0.05). Silicon Laboratories had a negative net margin of 16.36% and a negative return on equity of 4.45%. The company had revenue of $106.38 million during the quarter, compared to analyst estimates of $104.45 million. On average, equities analysts anticipate that Silicon Laboratories Inc. will post -1.66 EPS 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.