Pathstone Holdings LLC Has $49.86 Million Position in Silicon Laboratories Inc. (NASDAQ:SLAB)

Pathstone Holdings LLC cut its holdings in shares of Silicon Laboratories Inc. (NASDAQ:SLAB) by 2.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 431,414 shares of the semiconductor company’s stock after selling 11,482 shares during the quarter. Pathstone Holdings LLC’s holdings in Silicon Laboratories were worth $49,858,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Cullen Frost Bankers Inc. bought a new position in shares of Silicon Laboratories in the second quarter valued at $28,000. GAMMA Investing LLC grew its position in shares of Silicon Laboratories by 84.1% in the 3rd quarter. GAMMA Investing LLC now owns 497 shares of the semiconductor company’s stock valued at $57,000 after acquiring an additional 227 shares during the period. Daiwa Securities Group Inc. acquired a new position in shares of Silicon Laboratories during the 2nd quarter worth about $60,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Silicon Laboratories in the 2nd quarter valued at about $82,000. Finally, International Assets Investment Management LLC lifted its stake in Silicon Laboratories by 11,457.1% in the 3rd quarter. International Assets Investment Management LLC now owns 809 shares of the semiconductor company’s stock valued at $93,000 after purchasing an additional 802 shares during the last quarter.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. StockNews.com raised Silicon Laboratories to a “sell” rating in a research report on Friday, November 8th. Benchmark reissued a “hold” rating on shares of Silicon Laboratories in a report on Tuesday, November 5th. KeyCorp cut their price target on Silicon Laboratories from $150.00 to $115.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. JPMorgan Chase & Co. decreased their price objective on shares of Silicon Laboratories from $150.00 to $135.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Finally, Morgan Stanley cut their target price on shares of Silicon Laboratories from $123.00 to $97.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $121.50.

Silicon Laboratories Stock Up 0.2 %

Shares of SLAB opened at $100.71 on Tuesday. Silicon Laboratories Inc. has a 12 month low of $94.00 and a 12 month high of $154.91. The firm’s 50 day moving average is $111.58 and its 200-day moving average is $114.65.

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

Insider Buying and Selling

In related news, SVP Brandon Tolany sold 845 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $115.00, for a total transaction of $97,175.00. Following the completion of the sale, the senior vice president now owns 43,615 shares of the company’s stock, valued at $5,015,725. This represents a 1.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.72% of the stock is owned by company insiders.

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.