S Squared Technology LLC Has $12.81 Million Position in Silicon Laboratories, Inc. $SLAB

S Squared Technology LLC raised its holdings in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB) by 3.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 98,000 shares of the semiconductor company’s stock after purchasing an additional 3,000 shares during the period. Silicon Laboratories comprises about 5.0% of S Squared Technology LLC’s portfolio, making the stock its 8th largest holding. S Squared Technology LLC owned approximately 0.30% of Silicon Laboratories worth $12,809,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its stake in Silicon Laboratories by 45.7% during the third quarter. EverSource Wealth Advisors LLC now owns 274 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 86 shares during the last quarter. Bank of Montreal Can increased its stake in Silicon Laboratories by 2.9% during the fourth quarter. Bank of Montreal Can now owns 3,355 shares of the semiconductor company’s stock valued at $438,000 after purchasing an additional 96 shares during the last quarter. Global Retirement Partners LLC increased its stake in Silicon Laboratories by 37.3% during the fourth quarter. Global Retirement Partners LLC now owns 497 shares of the semiconductor company’s stock valued at $65,000 after purchasing an additional 135 shares during the last quarter. Van Berkom & Associates Inc. increased its stake in Silicon Laboratories by 1.4% during the fourth quarter. Van Berkom & Associates Inc. now owns 10,013 shares of the semiconductor company’s stock valued at $1,309,000 after purchasing an additional 140 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in Silicon Laboratories by 3.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,284 shares of the semiconductor company’s stock valued at $560,000 after purchasing an additional 142 shares during the last quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Silicon Laboratories in a research note on Friday, March 27th. One research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Silicon Laboratories currently has a consensus rating of “Hold” and a consensus target price of $171.43.

Insider Activity

In other news, CEO Robert Matthew Johnson sold 8,024 shares of the business’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $216.83, for a total transaction of $1,739,843.92. Following the completion of the transaction, the chief executive officer owned 80,519 shares of the company’s stock, valued at approximately $17,458,934.77. The trade was a 9.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.60% of the company’s stock.

Silicon Laboratories Stock Performance

Shares of SLAB opened at $219.51 on Monday. Silicon Laboratories, Inc. has a 1 year low of $115.50 and a 1 year high of $219.68. The company has a market cap of $7.24 billion, a price-to-earnings ratio of -143.47 and a beta of 1.37. The firm has a fifty day moving average of $215.67 and a 200-day moving average of $185.13.

Silicon Laboratories (NASDAQ:SLAB) last announced its quarterly earnings results on Tuesday, May 5th. The semiconductor company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.04. Silicon Laboratories had a negative net margin of 6.13% and a negative return on equity of 2.18%. The company had revenue of $213.50 million during the quarter, compared to the consensus estimate of $214.02 million. During the same quarter in the previous year, the company posted ($0.08) earnings per share. The company’s revenue for the quarter was up 20.1% compared to the same quarter last year. Analysts predict that Silicon Laboratories, Inc. will post 0.74 EPS for the current year.

About Silicon Laboratories

Silicon Laboratories (NASDAQ:SLAB) is a global semiconductor company that develops high-performance analog and mixed-signal integrated circuits, wireless system-on-chips (SoCs), microcontrollers, and radio frequency (RF) solutions. Its product portfolio is tailored to support the Internet of Things (IoT), infrastructure, industrial automation, consumer electronics, automotive, and energy markets. By combining silicon, software, and tools, Silicon Labs aims to accelerate development cycles and deliver low-power, highly integrated solutions that address demanding application requirements.

Founded in 1996 and headquartered in Austin, Texas, Silicon Labs has grown into a multinational organization with engineering and sales operations across North America, Europe, and Asia.