CIBC Private Wealth Group LLC Has $1.31 Million Stake in Silicon Laboratories (SLAB)
CIBC Private Wealth Group LLC cut its stake in Silicon Laboratories (NASDAQ:SLAB) by 8.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,600 shares of the semiconductor company’s stock after selling 1,440 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Silicon Laboratories were worth $1,308,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc raised its stake in shares of Silicon Laboratories by 2.3% in the third quarter. Vanguard Group Inc now owns 3,995,961 shares of the semiconductor company’s stock worth $366,828,000 after purchasing an additional 90,944 shares during the last quarter. MetLife Investment Advisors LLC raised its stake in shares of Silicon Laboratories by 19.1% in the third quarter. MetLife Investment Advisors LLC now owns 55,634 shares of the semiconductor company’s stock worth $5,107,000 after purchasing an additional 8,930 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Silicon Laboratories by 2.8% in the third quarter. Legal & General Group Plc now owns 42,674 shares of the semiconductor company’s stock worth $3,918,000 after purchasing an additional 1,171 shares during the last quarter. FMR LLC raised its stake in shares of Silicon Laboratories by 1.2% in the second quarter. FMR LLC now owns 6,484,660 shares of the semiconductor company’s stock worth $645,872,000 after purchasing an additional 75,633 shares during the last quarter. Finally, Davidson Investment Advisors raised its stake in shares of Silicon Laboratories by 4.9% in the fourth quarter. Davidson Investment Advisors now owns 76,738 shares of the semiconductor company’s stock worth $6,048,000 after purchasing an additional 3,575 shares during the last quarter. 95.50% of the stock is owned by hedge funds and other institutional investors.
In other Silicon Laboratories news, SVP Alessandro Piovaccari sold 1,121 shares of the stock in a transaction on Friday, December 14th. The stock was sold at an average price of $82.52, for a total transaction of $92,504.92. Following the completion of the transaction, the senior vice president now directly owns 26,222 shares of the company’s stock, valued at $2,163,839.44. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director William G. Bock sold 1,000 shares of the stock in a transaction on Friday, February 15th. The shares were sold at an average price of $87.74, for a total value of $87,740.00. Following the transaction, the director now directly owns 38,751 shares of the company’s stock, valued at $3,400,012.74. The disclosure for this sale can be found here. 1.96% of the stock is currently owned by corporate insiders.
Shares of SLAB opened at $88.34 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 5.71 and a quick ratio of 5.19. The company has a market cap of $3.81 billion, a P/E ratio of 30.89, a price-to-earnings-growth ratio of 3.17 and a beta of 1.49. Silicon Laboratories has a 12 month low of $73.13 and a 12 month high of $110.70.
Silicon Laboratories (NASDAQ:SLAB) last issued its quarterly earnings results on Wednesday, January 30th. The semiconductor company reported $0.91 EPS for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.03). The business had revenue of $215.50 million for the quarter, compared to analysts’ expectations of $224.21 million. Silicon Laboratories had a net margin of 9.63% and a return on equity of 12.13%. The business’s revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.93 earnings per share. On average, equities research analysts predict that Silicon Laboratories will post 1.82 EPS for the current year.
TRADEMARK VIOLATION WARNING: This story was posted by Watch List News and is owned by of Watch List News. If you are reading this story on another publication, it was copied illegally and reposted in violation of US and international copyright legislation. The legal version of this story can be read at https://www.watchlistnews.com/cibc-private-wealth-group-llc-has-1-31-million-stake-in-silicon-laboratories-slab/2831821.html.
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, including 8-bit mixed-signal, 32-bit wireless, and ultra-low-power 32-bit microcontrollers; wireless connectivity devices, such as multiprotocol wireless Gecko system-on-chip devices; real-time operating systems; sensor products comprising optical, relative humidity/temperature, and hall effect magnetic sensors.
Recommended Story: How Investors Use a Balance Sheet
Want to see what other hedge funds are holding SLAB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Silicon Laboratories (NASDAQ:SLAB).
Receive News & Ratings for Silicon Laboratories Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Silicon Laboratories and related companies with MarketBeat.com's FREE daily email newsletter.