TCW Group Inc. Has $10.64 Million Holdings in Silicon Laboratories (SLAB)

TCW Group Inc. cut its holdings in Silicon Laboratories (NASDAQ:SLAB) by 48.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,926 shares of the semiconductor company’s stock after selling 109,079 shares during the period. TCW Group Inc. owned about 0.27% of Silicon Laboratories worth $10,642,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Russell Investments Group Ltd. increased its position in shares of Silicon Laboratories by 453.6% during the first quarter. Russell Investments Group Ltd. now owns 14,946 shares of the semiconductor company’s stock worth $1,344,000 after purchasing an additional 12,246 shares in the last quarter. LPL Financial LLC acquired a new stake in shares of Silicon Laboratories during the first quarter worth about $269,000. Legal & General Group Plc increased its position in shares of Silicon Laboratories by 13.0% during the first quarter. Legal & General Group Plc now owns 43,940 shares of the semiconductor company’s stock worth $3,950,000 after purchasing an additional 5,038 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Silicon Laboratories by 3.9% during the first quarter. Principal Financial Group Inc. now owns 202,945 shares of the semiconductor company’s stock worth $18,245,000 after purchasing an additional 7,596 shares in the last quarter. Finally, Cohen Klingenstein LLC acquired a new stake in shares of Silicon Laboratories during the second quarter worth about $1,188,000. Institutional investors own 91.34% of the company’s stock.

In related news, SVP Alessandro Piovaccari sold 1,607 shares of the business’s stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $94.50, for a total value of $151,861.50. Following the transaction, the senior vice president now owns 31,074 shares in the company, valued at approximately $2,936,493. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sumit Sadana sold 5,500 shares of the business’s stock in a transaction dated Monday, August 13th. The shares were sold at an average price of $95.56, for a total value of $525,580.00. Following the completion of the transaction, the director now owns 5,313 shares in the company, valued at approximately $507,710.28. The disclosure for this sale can be found here. Insiders sold a total of 10,916 shares of company stock worth $1,015,797 in the last 90 days. 1.96% of the stock is currently owned by insiders.

SLAB has been the topic of a number of research analyst reports. BidaskClub cut Silicon Laboratories from a “hold” rating to a “sell” rating in a research report on Saturday, September 8th. MKM Partners cut their target price on Silicon Laboratories to $85.00 and set a “neutral” rating on the stock in a research report on Friday, October 26th. Roth Capital cut their target price on Silicon Laboratories from $124.00 to $100.00 and set a “buy” rating on the stock in a research report on Tuesday, October 23rd. Barclays cut their target price on Silicon Laboratories from $100.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 23rd. Finally, Loop Capital cut their target price on Silicon Laboratories to $110.00 and set a “hold” rating on the stock in a research report on Thursday, July 26th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. Silicon Laboratories presently has a consensus rating of “Hold” and a consensus target price of $105.27.

Shares of SLAB stock opened at $81.53 on Thursday. The stock has a market capitalization of $3.46 billion, a P/E ratio of 34.69, a P/E/G ratio of 1.93 and a beta of 1.50. Silicon Laboratories has a 52-week low of $75.89 and a 52-week high of $110.70. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.91 and a current ratio of 5.44.

Silicon Laboratories (NASDAQ:SLAB) last issued its quarterly earnings results on Wednesday, October 24th. The semiconductor company reported $1.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.03. The firm had revenue of $230.20 million for the quarter, compared to analysts’ expectations of $227.36 million. Silicon Laboratories had a return on equity of 12.48% and a net margin of 7.45%. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.90 EPS. As a group, equities research analysts forecast that Silicon Laboratories will post 2.77 EPS for the current fiscal year.

About Silicon Laboratories

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, such as 8-bit mixed-signal, 32-bit wireless, and ultra-low-power 32-bit microcontrollers; wireless connectivity devices, including 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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