Cooper Financial Group Increases Holdings in Silicon Laboratories Inc. (NASDAQ:SLAB)

Cooper Financial Group boosted its holdings in shares of Silicon Laboratories Inc. (NASDAQ:SLAB) by 50.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,046 shares of the semiconductor company’s stock after purchasing an additional 1,687 shares during the quarter. Cooper Financial Group’s holdings in Silicon Laboratories were worth $558,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in SLAB. SG Americas Securities LLC boosted its holdings in shares of Silicon Laboratories by 284.6% during the 2nd quarter. SG Americas Securities LLC now owns 7,076 shares of the semiconductor company’s stock valued at $783,000 after purchasing an additional 5,236 shares during the last quarter. Linden Thomas Advisory Services LLC boosted its stake in Silicon Laboratories by 37.2% during the second quarter. Linden Thomas Advisory Services LLC now owns 12,457 shares of the semiconductor company’s stock valued at $1,378,000 after buying an additional 3,377 shares during the last quarter. CWM LLC grew its holdings in Silicon Laboratories by 185.0% during the 2nd quarter. CWM LLC now owns 8,435 shares of the semiconductor company’s stock valued at $933,000 after buying an additional 5,475 shares in the last quarter. Harbor Capital Advisors Inc. increased its stake in Silicon Laboratories by 8.5% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 1,292 shares of the semiconductor company’s stock worth $143,000 after acquiring an additional 101 shares during the last quarter. Finally, Tidal Investments LLC purchased a new stake in shares of Silicon Laboratories during the 1st quarter worth approximately $230,000.

Analyst Upgrades and Downgrades

SLAB has been the topic of a number of recent research reports. Citigroup decreased their price target on shares of Silicon Laboratories from $137.00 to $120.00 and set a “neutral” rating on the stock in a research note on Thursday, April 25th. StockNews.com raised shares of Silicon Laboratories to a “sell” rating in a report on Tuesday, July 23rd. Barclays lowered their price target on shares of Silicon Laboratories from $140.00 to $120.00 and set an “equal weight” rating for the company in a report on Thursday, April 25th. TD Cowen lowered their price target on shares of Silicon Laboratories from $155.00 to $145.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $150.00 price target on shares of Silicon Laboratories in a report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $135.00.

Insiders Place Their Bets

In other news, CEO Robert Matthew Johnson sold 7,230 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $123.80, for a total transaction of $895,074.00. Following the transaction, the chief executive officer now directly owns 47,910 shares of the company’s stock, valued at $5,931,258. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.72% of the stock is owned by insiders.

Silicon Laboratories Stock Performance

NASDAQ SLAB traded up $2.86 during trading on Tuesday, hitting $101.41. The stock had a trading volume of 43,800 shares, compared to its average volume of 313,400. The stock has a market capitalization of $3.24 billion, a price-to-earnings ratio of -29.77 and a beta of 1.19. Silicon Laboratories Inc. has a one year low of $74.56 and a one year high of $154.91. The stock has a 50 day simple moving average of $114.02 and a 200 day simple moving average of $125.10.

Silicon Laboratories (NASDAQ:SLAB) last announced its quarterly earnings data on Wednesday, July 24th. The semiconductor company reported ($0.56) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.64) by $0.08. The business had revenue of $145.40 million during the quarter, compared to the consensus estimate of $140.18 million. Silicon Laboratories had a negative net margin of 36.53% and a negative return on equity of 9.13%. The firm’s quarterly revenue was down 40.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.59 earnings per share. On average, sell-side analysts predict that Silicon Laboratories Inc. will post -3.4 EPS for the current year.

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.