Rice Hall James & Associates Decreased Silicon Laboratories (SLAB) Stake By $8.19 Million; Quantum (QTM) Shorts Increased By 3.03%

May 18, 2018 - By David Stenberg

Silicon Laboratories Inc. (NASDAQ:SLAB) Logo

Rice Hall James & Associates Llc decreased Silicon Laboratories Inc. (SLAB) stake by 38.22% reported in 2017Q4 SEC filing. Rice Hall James & Associates Llc sold 93,046 shares as Silicon Laboratories Inc. (SLAB)’s stock declined 1.12%. The Rice Hall James & Associates Llc holds 150,391 shares with $13.28 million value, down from 243,437 last quarter. Silicon Laboratories Inc. now has $4.49B valuation. The stock decreased 0.14% or $0.15 during the last trading session, reaching $103.75. About 109,755 shares traded. Silicon Laboratories Inc. (NASDAQ:SLAB) has risen 20.86% since May 18, 2017 and is uptrending. It has outperformed by 9.31% the S&P500.

Quantum Corporation (NYSE:QTM) had an increase of 3.03% in short interest. QTM’s SI was 1.95M shares in May as released by FINRA. Its up 3.03% from 1.90M shares previously. With 206,700 avg volume, 10 days are for Quantum Corporation (NYSE:QTM)’s short sellers to cover QTM’s short positions. The SI to Quantum Corporation’s float is 7.01%. The stock decreased 2.14% or $0.08 during the last trading session, reaching $3.66. About 156,699 shares traded. Quantum Corporation (NYSE:QTM) has declined 43.83% since May 18, 2017 and is downtrending. It has underperformed by 55.38% the S&P500.

Since January 25, 2018, it had 0 insider purchases, and 6 insider sales for $3.40 million activity. 131 Silicon Laboratories Inc. (NASDAQ:SLAB) shares with value of $13,100 were sold by Kumar Sandeep P. 18,235 shares valued at $1.73M were sold by Tolany Brandon on Monday, January 29. BOCK WILLIAM G sold 2,500 shares worth $229,775.

Investors sentiment decreased to 1.1 in Q4 2017. Its down 0.18, from 1.28 in 2017Q3. It worsened, as 12 investors sold SLAB shares while 86 reduced holdings. 32 funds opened positions while 76 raised stakes. 37.81 million shares or 1.55% less from 38.41 million shares in 2017Q3 were reported. Balyasny Asset Limited Liability Company has invested 0% of its portfolio in Silicon Laboratories Inc. (NASDAQ:SLAB). Jennison Associates Limited Liability Corp holds 0% or 6,309 shares. Oregon Public Employees Retirement Fund has invested 0.02% in Silicon Laboratories Inc. (NASDAQ:SLAB). Ngam Advsrs Limited Partnership stated it has 0.06% of its portfolio in Silicon Laboratories Inc. (NASDAQ:SLAB). Frontier Cap Mngmt Limited Liability Com reported 138,056 shares. 10,146 were reported by Nuveen Asset Mngmt. Mason Street Advsrs Lc has 20,970 shares for 0.04% of their portfolio. Raymond James Associate accumulated 16,244 shares or 0% of the stock. Oakbrook Lc stated it has 3,200 shares or 0.02% of all its holdings. Credit Suisse Ag invested in 68,597 shares. Moreover, Alps Incorporated has 0% invested in Silicon Laboratories Inc. (NASDAQ:SLAB). Redmond Asset Limited Liability Corporation holds 0.38% or 9,877 shares in its portfolio. Us Bankshares De reported 0% in Silicon Laboratories Inc. (NASDAQ:SLAB). Macquarie Group Limited has 315,882 shares. Menta Limited Company has 12,443 shares for 0.21% of their portfolio.

Among 17 analysts covering Silicon Labs (NASDAQ:SLAB), 13 have Buy rating, 0 Sell and 4 Hold. Therefore 76% are positive. Silicon Labs had 49 analyst reports since July 29, 2015 according to SRatingsIntel. TH Capital initiated the shares of SLAB in report on Thursday, September 29 with “Buy” rating. The company was upgraded on Thursday, February 2 by Needham. The firm earned “Buy” rating on Wednesday, October 11 by Stifel Nicolaus. The stock of Silicon Laboratories Inc. (NASDAQ:SLAB) earned “Neutral” rating by M Partners on Monday, March 14. The rating was maintained by Drexel Hamilton with “Buy” on Wednesday, October 26. As per Thursday, July 30, the company rating was maintained by Barclays Capital. Canaccord Genuity maintained Silicon Laboratories Inc. (NASDAQ:SLAB) rating on Tuesday, October 10. Canaccord Genuity has “Buy” rating and $95.0 target. Roth Capital maintained the stock with “Buy” rating in Monday, December 11 report. The stock of Silicon Laboratories Inc. (NASDAQ:SLAB) has “Buy” rating given on Tuesday, November 24 by Stifel Nicolaus. The stock of Silicon Laboratories Inc. (NASDAQ:SLAB) has “Buy” rating given on Wednesday, July 29 by Topeka Capital Markets.

More news for Silicon Laboratories Inc. (NASDAQ:SLAB) were recently published by: Seekingalpha.com, which released: “Silicon Laboratories (SLAB) Q1 2018 Results – Earnings Call Transcript” on April 25, 2018. Nasdaq.com‘s article titled: “Sigma Designs, Inc. Reports Fourth Quarter and Fiscal Year 2018 Financial Results” and published on April 20, 2018 is yet another important article.

Rice Hall James & Associates Llc increased Aerie Pharmaceuticals Inc. (NASDAQ:AERI) stake by 33,927 shares to 269,161 valued at $16.08M in 2017Q4. It also upped Carbonite Inc. (NASDAQ:CARB) stake by 48,072 shares and now owns 95,955 shares. Shutterstock Inc. (NYSE:SSTK) was raised too.

Analysts await Silicon Laboratories Inc. (NASDAQ:SLAB) to report earnings on July, 25. They expect $0.59 earnings per share, up 3.51% or $0.02 from last year’s $0.57 per share. SLAB’s profit will be $25.51 million for 43.96 P/E if the $0.59 EPS becomes a reality. After $0.65 actual earnings per share reported by Silicon Laboratories Inc. for the previous quarter, Wall Street now forecasts -9.23% negative EPS growth.

More news for Quantum Corporation (NYSE:QTM) were recently published by: Prnewswire.com, which released: “Quantum to Present at Pure//Accelerate on Increasing Use of Flash and Tape for Petabyte-Scale Unstructured Data Sets” on May 17, 2018. Gurufocus.com‘s article titled: “AutonomouStuff Deploys Quantum Storage Solutions to Empower End-to-End Autonomous Vehicle Development” and published on May 17, 2018 is yet another important article.

Quantum Corporation provides scale-out storage, archive, and data protection solutions for small businesses and multi-national enterprises in the Americas, Europe, and the Asia Pacific. The company has market cap of $126.91 million. The firm offers StorNext 5 software and hardware that offer file sharing and archiving in purpose-built configurations of metadata controllers, expansion appliances, and disk and archive enabled libraries; Xcellis product, which optimizes workflow and shared access by combining functions into a compact, space, and energy-saving solution; and Lattus Object Storage solutions that enable high volumes of data to be available to extract valuable information. It currently has negative earnings. It also offers StorNext Storage Manager software; and StorNext AEL archives products, which provide near-line archiving with built-in data protection and self-healing capabilities.

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