Cohen Klingenstein LLC Has $631,000 Holdings in Silicon Laboratories Inc. (NASDAQ:SLAB)

Cohen Klingenstein LLC decreased its position in Silicon Laboratories Inc. (NASDAQ:SLAB) by 7.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,078 shares of the semiconductor company’s stock after selling 391 shares during the quarter. Cohen Klingenstein LLC’s holdings in Silicon Laboratories were worth $631,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Advisors Asset Management Inc. increased its stake in Silicon Laboratories by 159.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 275 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 169 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Silicon Laboratories by 84.1% in the third quarter. GAMMA Investing LLC now owns 497 shares of the semiconductor company’s stock valued at $57,000 after acquiring an additional 227 shares during the last quarter. International Assets Investment Management LLC raised its holdings in Silicon Laboratories by 11,457.1% during the third quarter. International Assets Investment Management LLC now owns 809 shares of the semiconductor company’s stock worth $93,000 after acquiring an additional 802 shares in the last quarter. Van ECK Associates Corp acquired a new stake in shares of Silicon Laboratories in the 3rd quarter valued at approximately $189,000. Finally, nVerses Capital LLC bought a new position in Silicon Laboratories during the third quarter worth about $196,000.

Analyst Ratings Changes

SLAB has been the subject of a number of recent research reports. Barclays boosted their price objective on shares of Silicon Laboratories from $75.00 to $120.00 and gave the company an “equal weight” rating in a report on Friday. Susquehanna initiated coverage on Silicon Laboratories in a research note on Tuesday, December 17th. They set a “neutral” rating and a $130.00 price objective on the stock. StockNews.com raised Silicon Laboratories to a “sell” rating in a report on Friday, November 8th. Morgan Stanley dropped their price target on Silicon Laboratories from $123.00 to $97.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 5th. Finally, KeyCorp lowered their price target on shares of Silicon Laboratories from $150.00 to $115.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Silicon Laboratories presently has an average rating of “Hold” and an average target price of $128.56.

Silicon Laboratories Price Performance

NASDAQ:SLAB opened at $134.75 on Friday. The company has a market capitalization of $4.37 billion, a P/E ratio of -18.21 and a beta of 1.17. The business has a fifty day simple moving average of $120.06 and a two-hundred day simple moving average of $114.87. Silicon Laboratories Inc. has a 1 year low of $94.00 and a 1 year high of $154.91.

Silicon Laboratories (NASDAQ:SLAB) last issued its earnings results on Monday, November 4th. The semiconductor company reported ($0.13) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.07. Silicon Laboratories had a negative net margin of 46.93% and a negative return on equity of 12.60%. The firm had revenue of $166.00 million during the quarter, compared to analyst estimates of $165.50 million. During the same quarter last year, the business earned $0.48 earnings per share. The company’s quarterly revenue was down 18.5% on a year-over-year basis. As a group, analysts anticipate that Silicon Laboratories Inc. will post -3.56 earnings per share for the current year.

Silicon Laboratories Company Profile

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.