Van Berkom & Associates Inc. Sells 61,435 Shares of Silicon Laboratories Inc. (NASDAQ:SLAB)

Van Berkom & Associates Inc. cut its stake in shares of Silicon Laboratories Inc. (NASDAQ:SLAB) by 9.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 557,197 shares of the semiconductor company’s stock after selling 61,435 shares during the quarter. Silicon Laboratories accounts for about 2.1% of Van Berkom & Associates Inc.’s investment portfolio, making the stock its 29th largest holding. Van Berkom & Associates Inc. owned approximately 1.72% of Silicon Laboratories worth $69,215,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Creative Planning grew its holdings in shares of Silicon Laboratories by 116.0% in the third quarter. Creative Planning now owns 7,985 shares of the semiconductor company’s stock worth $923,000 after purchasing an additional 4,289 shares during the last quarter. Raymond James & Associates grew its holdings in Silicon Laboratories by 4.1% in the 3rd quarter. Raymond James & Associates now owns 65,623 shares of the semiconductor company’s stock worth $7,584,000 after acquiring an additional 2,561 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of Silicon Laboratories by 11,457.1% in the third quarter. International Assets Investment Management LLC now owns 809 shares of the semiconductor company’s stock valued at $93,000 after acquiring an additional 802 shares during the period. Mount Yale Investment Advisors LLC bought a new position in shares of Silicon Laboratories during the third quarter valued at about $208,000. Finally, Schwartz Investment Counsel Inc. grew its stake in shares of Silicon Laboratories by 17.9% in the third quarter. Schwartz Investment Counsel Inc. now owns 230,000 shares of the semiconductor company’s stock worth $26,581,000 after purchasing an additional 35,000 shares during the last quarter.

Wall Street Analyst Weigh In

SLAB has been the subject of several research analyst reports. JPMorgan Chase & Co. dropped their price objective on Silicon Laboratories from $150.00 to $135.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Morgan Stanley cut their price target on shares of Silicon Laboratories from $123.00 to $97.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 5th. Susquehanna began coverage on shares of Silicon Laboratories in a research report on Tuesday, December 17th. They set a “neutral” rating and a $130.00 price objective on the stock. Stifel Nicolaus raised their target price on shares of Silicon Laboratories from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Finally, Needham & Company LLC boosted their price target on shares of Silicon Laboratories from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $136.20.

Insiders Place Their Bets

In other Silicon Laboratories news, Director William G. Bock sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $149.43, for a total transaction of $149,430.00. Following the completion of the sale, the director now directly owns 31,115 shares in the company, valued at approximately $4,649,514.45. This trade represents a 3.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Navdeep S. Sooch sold 2,360 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $149.00, for a total transaction of $351,640.00. Following the completion of the transaction, the director now owns 400,567 shares in the company, valued at approximately $59,684,483. This represents a 0.59 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,360 shares of company stock valued at $782,610. 1.72% of the stock is currently owned by corporate insiders.

Silicon Laboratories Price Performance

Shares of NASDAQ SLAB opened at $158.70 on Friday. Silicon Laboratories Inc. has a 1 year low of $94.00 and a 1 year high of $158.76. The firm has a 50-day moving average of $135.60 and a 200 day moving average of $119.37.

Silicon Laboratories (NASDAQ:SLAB) last released its earnings results on Tuesday, February 4th. The semiconductor company reported ($0.11) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.11). The firm had revenue of $166.25 million during the quarter, compared to analyst estimates of $166.09 million. Silicon Laboratories had a negative net margin of 32.69% and a negative return on equity of 10.46%. The business’s revenue was up 91.4% on a year-over-year basis. During the same period last year, the business earned ($1.19) earnings per share. On average, equities analysts forecast that Silicon Laboratories Inc. will post -0.97 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.