Cwm LLC Increases Stock Position in Silicon Laboratories Inc. (NASDAQ:SLAB)

Cwm LLC boosted its holdings in Silicon Laboratories Inc. (NASDAQ:SLAB) by 78.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 374 shares of the semiconductor company’s stock after buying an additional 164 shares during the period. Cwm LLC’s holdings in Silicon Laboratories were worth $49,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC purchased a new position in shares of Silicon Laboratories in the third quarter valued at $380,000. Raymond James & Associates increased its position in shares of Silicon Laboratories by 14.2% during the third quarter. Raymond James & Associates now owns 79,046 shares of the semiconductor company’s stock valued at $9,161,000 after buying an additional 9,845 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Silicon Laboratories by 6.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,372 shares of the semiconductor company’s stock valued at $738,000 after buying an additional 403 shares during the period. Park Avenue Securities LLC purchased a new stake in shares of Silicon Laboratories in the third quarter worth about $339,000. Finally, Inspire Investing LLC boosted its position in shares of Silicon Laboratories by 33.5% in the third quarter. Inspire Investing LLC now owns 2,647 shares of the semiconductor company’s stock valued at $307,000 after acquiring an additional 664 shares during the period.

Analyst Ratings Changes

Several analysts have issued reports on SLAB shares. Barclays lowered their target price on shares of Silicon Laboratories from $140.00 to $120.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 25th. JPMorgan Chase & Co. cut their target price on Silicon Laboratories from $165.00 to $150.00 and set an “overweight” rating for the company in a research note on Thursday, April 25th. Needham & Company LLC raised shares of Silicon Laboratories from a “hold” rating to a “buy” rating and set a $150.00 price target on the stock in a research note on Thursday, April 25th. TD Cowen cut their price objective on shares of Silicon Laboratories from $155.00 to $145.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. Finally, Summit Insights lowered shares of Silicon Laboratories from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. One investment 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $135.00.

Silicon Laboratories Stock Up 0.8 %

NASDAQ:SLAB opened at $127.96 on Friday. The firm has a market capitalization of $4.08 billion, a P/E ratio of -38.66 and a beta of 1.25. The company has a fifty day moving average of $131.32 and a 200 day moving average of $123.06. Silicon Laboratories Inc. has a 52 week low of $74.56 and a 52 week high of $166.94.

Silicon Laboratories (NASDAQ:SLAB) last issued its quarterly earnings data on Wednesday, April 24th. The semiconductor company reported ($1.34) EPS for the quarter, missing the consensus estimate of ($1.29) by ($0.05). The firm had revenue of $106.38 million for the quarter, compared to the consensus estimate of $104.45 million. Silicon Laboratories had a negative net margin of 16.36% and a negative return on equity of 4.45%. As a group, analysts anticipate that Silicon Laboratories Inc. will post -3.1 EPS for the current year.

Silicon Laboratories Profile

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.