Silicon Laboratories (SLAB) Position Cut by Deutsche Bank AG

Deutsche Bank AG cut its stake in shares of Silicon Laboratories (NASDAQ:SLAB) by 61.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 221,502 shares of the semiconductor company’s stock after selling 356,309 shares during the period. Deutsche Bank AG owned 0.51% of Silicon Laboratories worth $17,455,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC boosted its stake in shares of Silicon Laboratories by 15.4% during the fourth quarter. Geode Capital Management LLC now owns 526,626 shares of the semiconductor company’s stock valued at $41,503,000 after purchasing an additional 70,432 shares during the period. Norges Bank bought a new position in shares of Silicon Laboratories during the fourth quarter valued at approximately $41,679,000. Amalgamated Bank raised its holdings in shares of Silicon Laboratories by 128.5% during the fourth quarter. Amalgamated Bank now owns 6,744 shares of the semiconductor company’s stock valued at $531,000 after acquiring an additional 3,793 shares in the last quarter. Macquarie Group Ltd. raised its holdings in shares of Silicon Laboratories by 16.9% during the fourth quarter. Macquarie Group Ltd. now owns 450,884 shares of the semiconductor company’s stock valued at $35,534,000 after acquiring an additional 65,273 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of Silicon Laboratories by 2.7% during the fourth quarter. Legal & General Group Plc now owns 43,829 shares of the semiconductor company’s stock valued at $3,454,000 after acquiring an additional 1,155 shares in the last quarter. Institutional investors own 92.84% of the company’s stock.

NASDAQ:SLAB traded up $1.33 on Friday, hitting $106.95. The stock had a trading volume of 219,415 shares, compared to its average volume of 360,405. The stock has a market capitalization of $4.63 billion, a price-to-earnings ratio of 37.40, a PEG ratio of 3.50 and a beta of 1.60. The company has a debt-to-equity ratio of 0.34, a quick ratio of 5.52 and a current ratio of 6.04. Silicon Laboratories has a 52-week low of $73.13 and a 52-week high of $110.70.

Silicon Laboratories (NASDAQ:SLAB) last posted its quarterly earnings data on Wednesday, April 24th. The semiconductor company reported $0.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.12. Silicon Laboratories had a return on equity of 10.74% and a net margin of 7.35%. The firm had revenue of $188.11 million for the quarter, compared to analysts’ expectations of $188.02 million. During the same period in the previous year, the firm earned $0.87 EPS. The business’s quarterly revenue was down 8.4% on a year-over-year basis. As a group, equities analysts forecast that Silicon Laboratories will post 2.04 earnings per share for the current fiscal year.

In related news, Director Nina Richardson sold 913 shares of Silicon Laboratories stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $91.41, for a total transaction of $83,457.33. Following the sale, the director now owns 6,885 shares of the company’s stock, valued at approximately $629,357.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William G. Bock sold 1,000 shares of Silicon Laboratories stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $87.74, for a total value of $87,740.00. Following the sale, the director now directly owns 38,751 shares in the company, valued at approximately $3,400,012.74. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,663 shares of company stock worth $253,510. Insiders own 2.10% of the company’s stock.

A number of equities analysts have issued reports on SLAB shares. MKM Partners increased their price objective on Silicon Laboratories to $105.00 in a report on Thursday, April 25th. Zacks Investment Research upgraded Silicon Laboratories from a “hold” rating to a “buy” rating and set a $101.00 price objective for the company in a report on Saturday, January 26th. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 price objective on shares of Silicon Laboratories in a report on Thursday, January 24th. BidaskClub upgraded Silicon Laboratories from a “hold” rating to a “buy” rating in a report on Saturday, January 12th. Finally, Roth Capital decreased their price objective on Silicon Laboratories from $100.00 to $95.00 and set a “buy” rating for the company in a report on Thursday, January 31st. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $105.70.

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Silicon Laboratories Profile

Silicon Laboratories Inc, a fabless semiconductor company, designs, develops, and markets mixed-signal integrated circuits (ICs) in the United States, China, and internationally. The company offers Internet of things products, including 8-bit mixed-signal, 32-bit wireless, and ultra-low-power 32-bit microcontrollers; wireless connectivity devices, such as multiprotocol wireless Gecko system-on-chip devices; real-time operating systems; sensor products comprising optical, relative humidity/temperature, and hall effect magnetic sensors.

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Institutional Ownership by Quarter for Silicon Laboratories (NASDAQ:SLAB)

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