Silicon Laboratories Inc. (NASDAQ:SLAB) Shares Bought by Leeward Investments LLC MA

Leeward Investments LLC MA increased its holdings in Silicon Laboratories Inc. (NASDAQ:SLAB) by 40.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 88,316 shares of the semiconductor company’s stock after purchasing an additional 25,588 shares during the quarter. Leeward Investments LLC MA owned 0.28% of Silicon Laboratories worth $11,682,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Venturi Wealth Management LLC acquired a new position in shares of Silicon Laboratories during the third quarter valued at approximately $30,000. GAMMA Investing LLC purchased a new stake in shares of Silicon Laboratories in the fourth quarter valued at approximately $36,000. CWM LLC grew its position in shares of Silicon Laboratories by 78.1% in the fourth quarter. CWM LLC now owns 374 shares of the semiconductor company’s stock valued at $49,000 after purchasing an additional 164 shares in the last quarter. Global Retirement Partners LLC grew its position in shares of Silicon Laboratories by 31.7% in the third quarter. Global Retirement Partners LLC now owns 507 shares of the semiconductor company’s stock valued at $58,000 after purchasing an additional 122 shares in the last quarter. Finally, Itau Unibanco Holding S.A. purchased a new stake in shares of Silicon Laboratories in the third quarter valued at approximately $61,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on SLAB shares. StockNews.com lowered Silicon Laboratories from a “hold” rating to a “sell” rating in a research report on Friday, December 29th. Benchmark restated a “hold” rating on shares of Silicon Laboratories in a research report on Thursday. Needham & Company LLC upgraded Silicon Laboratories from a “hold” rating to a “buy” rating and set a $150.00 price target for the company in a research report on Thursday. Barclays dropped their price target on Silicon Laboratories from $140.00 to $120.00 and set an “equal weight” rating for the company in a research report on Thursday. Finally, JPMorgan Chase & Co. lowered their price objective on Silicon Laboratories from $165.00 to $150.00 and set an “overweight” rating for the company in a research report on Thursday. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $135.00.

Silicon Laboratories Stock Performance

Shares of SLAB traded up $3.20 during midday trading on Friday, hitting $122.13. 479,947 shares of the stock were exchanged, compared to its average volume of 329,450. Silicon Laboratories Inc. has a 52-week low of $74.56 and a 52-week high of $166.94. The stock has a fifty day simple moving average of $133.57 and a 200 day simple moving average of $122.15. The firm has a market cap of $3.90 billion, a P/E ratio of -36.90 and a beta of 1.27.

Silicon Laboratories (NASDAQ:SLAB) last released its quarterly earnings results on Wednesday, April 24th. The semiconductor company reported ($1.34) EPS for the quarter, missing the consensus estimate of ($1.29) by ($0.05). Silicon Laboratories had a negative return on equity of 4.45% and a negative net margin of 16.36%. The firm had revenue of $106.38 million for the quarter, compared to analysts’ expectations of $104.45 million. As a group, equities research analysts forecast that Silicon Laboratories Inc. will post -1.66 EPS for the current fiscal 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.