Silicon Laboratories Inc. (NASDAQ:SLAB) Shares Sold by Duality Advisers LP

Duality Advisers LP lowered its stake in Silicon Laboratories Inc. (NASDAQ:SLAB) by 71.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,437 shares of the semiconductor company’s stock after selling 13,582 shares during the period. Duality Advisers LP’s holdings in Silicon Laboratories were worth $719,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Park Avenue Securities LLC acquired a new position in shares of Silicon Laboratories in the third quarter valued at approximately $339,000. Federated Hermes Inc. increased its holdings in shares of Silicon Laboratories by 6.9% in the fourth quarter. Federated Hermes Inc. now owns 516,484 shares of the semiconductor company’s stock valued at $68,315,000 after purchasing an additional 33,357 shares during the period. Venturi Wealth Management LLC acquired a new position in shares of Silicon Laboratories in the third quarter valued at approximately $30,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of Silicon Laboratories in the third quarter valued at approximately $3,652,000. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Silicon Laboratories by 37.2% in the third quarter. Envestnet Asset Management Inc. now owns 90,289 shares of the semiconductor company’s stock valued at $10,464,000 after purchasing an additional 24,468 shares during the period.

Silicon Laboratories Stock Performance

Shares of NASDAQ:SLAB opened at $114.26 on Thursday. Silicon Laboratories Inc. has a 52-week low of $74.56 and a 52-week high of $166.94. The stock’s fifty day simple moving average is $134.92 and its 200-day simple moving average is $122.17.

Silicon Laboratories (NASDAQ:SLAB) last issued its quarterly earnings data on Wednesday, February 7th. The semiconductor company reported ($1.46) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.91) by $0.45. Silicon Laboratories had a positive return on equity of 0.97% and a negative net margin of 4.41%. The business had revenue of $86.85 million for the quarter, compared to the consensus estimate of $85.32 million. On average, equities research analysts anticipate that Silicon Laboratories Inc. will post -1.66 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SLAB has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upped their price objective on Silicon Laboratories from $145.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Summit Insights lowered Silicon Laboratories from a “buy” rating to a “hold” rating in a report on Wednesday. TD Cowen upped their price objective on Silicon Laboratories from $140.00 to $155.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. StockNews.com lowered Silicon Laboratories from a “hold” rating to a “sell” rating in a report on Friday, December 29th. Finally, Stifel Nicolaus upped their price objective on Silicon Laboratories from $136.00 to $155.00 and gave the stock a “buy” rating in a report on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $143.29.

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.