L. Roy Papp & Associates LLP Sells 290 Shares of Silicon Laboratories Inc. (NASDAQ:SLAB)

L. Roy Papp & Associates LLP decreased its position in Silicon Laboratories Inc. (NASDAQ:SLAB) by 3.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 9,195 shares of the semiconductor company’s stock after selling 290 shares during the quarter. L. Roy Papp & Associates LLP’s holdings in Silicon Laboratories were worth $1,063,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SLAB. CWM LLC lifted its position in shares of Silicon Laboratories by 185.0% during the 2nd quarter. CWM LLC now owns 8,435 shares of the semiconductor company’s stock worth $933,000 after buying an additional 5,475 shares in the last quarter. Natixis purchased a new stake in shares of Silicon Laboratories during the first quarter valued at approximately $647,000. Vanguard Group Inc. lifted its holdings in Silicon Laboratories by 0.7% during the first quarter. Vanguard Group Inc. now owns 3,489,160 shares of the semiconductor company’s stock worth $501,462,000 after acquiring an additional 24,997 shares during the period. SG Americas Securities LLC lifted its holdings in Silicon Laboratories by 284.6% during the second quarter. SG Americas Securities LLC now owns 7,076 shares of the semiconductor company’s stock worth $783,000 after acquiring an additional 5,236 shares during the period. Finally, Russell Investments Group Ltd. grew its stake in Silicon Laboratories by 31.7% in the 1st quarter. Russell Investments Group Ltd. now owns 52,578 shares of the semiconductor company’s stock valued at $7,557,000 after purchasing an additional 12,667 shares during the period.

Insider Activity

In related news, SVP Brandon Tolany sold 845 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $115.00, for a total transaction of $97,175.00. Following the sale, the senior vice president now owns 43,615 shares of the company’s stock, valued at approximately $5,015,725. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.72% of the stock is owned by company insiders.

Silicon Laboratories Price Performance

Shares of SLAB traded up $0.30 during trading hours on Friday, hitting $113.69. The company’s stock had a trading volume of 132,714 shares, compared to its average volume of 295,271. The company has a market cap of $3.63 billion, a price-to-earnings ratio of -34.35 and a beta of 1.19. The business has a 50 day simple moving average of $112.97 and a two-hundred day simple moving average of $116.26. Silicon Laboratories Inc. has a 52-week low of $74.56 and a 52-week high of $154.91.

Silicon Laboratories (NASDAQ:SLAB) last issued its earnings results on Wednesday, July 24th. The semiconductor company reported ($0.56) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.64) by $0.08. Silicon Laboratories had a negative net margin of 36.53% and a negative return on equity of 9.13%. The business had revenue of $145.40 million for the quarter, compared to analysts’ expectations of $140.18 million. During the same quarter in the previous year, the firm posted $0.59 EPS. The business’s revenue for the quarter was down 40.6% compared to the same quarter last year. Research analysts predict that Silicon Laboratories Inc. will post -3.41 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. StockNews.com upgraded Silicon Laboratories to a “sell” rating in a research note on Tuesday, July 23rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $150.00 price objective on shares of Silicon Laboratories in a research report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $135.00.

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.