Steelhead Partners Has Cut Silicon Laboratories (SLAB) Position as Stock Rose; Align Technology (ALGN) Market Value Rose While Ameritas Investment Partners Has Lowered Stake by $846,400

February 15, 2018 - By Louis Casey

Michael Johnston decreased its stake in Silicon Laboratories Inc (SLAB) by 62.5% based on its latest 2017Q3 regulatory filing with the SEC. Steelhead Partners Llc sold 5,000 shares as the company’s stock rose 1.25% with the market. The hedge fund run by Michael Johnston held 3,000 shares of the technology company at the end of 2017Q3, valued at $240,000, down from 8,000 at the end of the previous reported quarter. Steelhead Partners Llc who had been investing in Silicon Laboratories Inc for a number of months, seems to be less bullish one the $3.94 billion market cap company. The stock increased 0.71% or $0.65 during the last trading session, reaching $92.3. About 83,052 shares traded. Silicon Laboratories Inc. (NASDAQ:SLAB) has risen 59.49% since February 15, 2017 and is uptrending. It has outperformed by 42.79% the S&P500.

Ameritas Investment Partners Inc decreased its stake in Align Technology Inc (ALGN) by 33.82% based on its latest 2017Q3 regulatory filing with the SEC. Ameritas Investment Partners Inc sold 4,600 shares as the company’s stock rose 36.03% with the market. The institutional investor held 9,003 shares of the health care company at the end of 2017Q3, valued at $1.66 million, down from 13,603 at the end of the previous reported quarter. Ameritas Investment Partners Inc who had been investing in Align Technology Inc for a number of months, seems to be less bullish one the $20.08 billion market cap company. The stock increased 1.68% or $4.14 during the last trading session, reaching $250.48. About 900,072 shares traded. Align Technology, Inc. (NASDAQ:ALGN) has risen 82.22% since February 15, 2017 and is uptrending. It has outperformed by 65.52% the S&P500.

Since August 15, 2017, it had 0 insider buys, and 9 sales for $4.87 million activity. Shares for $188,250 were sold by BOCK WILLIAM G on Tuesday, August 15. WOOD WILLIAM P sold $407,250 worth of stock or 5,000 shares. On Thursday, January 25 Kumar Sandeep P sold $13,100 worth of Silicon Laboratories Inc. (NASDAQ:SLAB) or 131 shares. On Tuesday, September 19 the insider Tuttle George Tyson sold $615,517. 18,235 shares were sold by Tolany Brandon, worth $1.73 million on Monday, January 29.

Among 15 analysts covering Silicon Labs (NASDAQ:SLAB), 11 have Buy rating, 0 Sell and 4 Hold. Therefore 73% are positive. Silicon Labs had 45 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was maintained by Roth Capital with “Buy” on Monday, January 29. The company was maintained on Monday, March 14 by M Partners. The rating was maintained by Drexel Hamilton with “Buy” on Wednesday, July 26. The stock of Silicon Laboratories Inc. (NASDAQ:SLAB) has “Neutral” rating given on Friday, September 25 by M Partners. The company was upgraded on Thursday, October 27 by M Partners. Stifel Nicolaus maintained the shares of SLAB in report on Tuesday, June 6 with “Buy” rating. The stock of Silicon Laboratories Inc. (NASDAQ:SLAB) has “Buy” rating given on Wednesday, October 26 by Drexel Hamilton. The company was maintained on Wednesday, October 25 by Drexel Hamilton. The rating was maintained by Roth Capital on Tuesday, October 24 with “Buy”. The stock of Silicon Laboratories Inc. (NASDAQ:SLAB) earned “Buy” rating by Stifel Nicolaus on Wednesday, October 11.

Steelhead Partners Llc, which manages about $1.95B and $1.08 billion US Long portfolio, upped its stake in Ctrip Com Intl Ltd (Prn) by 8.64M shares to 21.48 million shares, valued at $26.05 million in 2017Q3, according to the filing. It also increased its holding in Ares Cap Corp (Prn) by 358,000 shares in the quarter, for a total of 28.70M shares, and has risen its stake in Quidel Corp (Prn).

Investors sentiment increased to 1.28 in Q3 2017. Its up 0.15, from 1.13 in 2017Q2. It is positive, as 20 investors sold SLAB shares while 70 reduced holdings. 42 funds opened positions while 73 raised stakes. 38.41 million shares or 3.13% more from 37.24 million shares in 2017Q2 were reported. California Public Employees Retirement Systems holds 70,391 shares. Fdx Advsr holds 3,733 shares or 0.01% of its portfolio. Tcw Group Inc owns 229,473 shares. Citigroup holds 0% of its portfolio in Silicon Laboratories Inc. (NASDAQ:SLAB) for 11,086 shares. Financial Bank Of America Corporation De reported 233,430 shares. Advantus Mgmt invested 0.01% of its portfolio in Silicon Laboratories Inc. (NASDAQ:SLAB). The California-based Eam Invsts has invested 0.3% in Silicon Laboratories Inc. (NASDAQ:SLAB). Ls Invest Limited holds 0.02% or 3,234 shares in its portfolio. Citadel Advisors Llc reported 0% in Silicon Laboratories Inc. (NASDAQ:SLAB). 43,740 were reported by Teachers Retirement Systems Of The State Of Kentucky. Teacher Retirement Of Texas holds 0% or 3,495 shares. Morgan Stanley invested in 162,487 shares or 0% of the stock. Victory Mngmt Inc owns 24,480 shares. Aperio Group Limited Liability Corporation holds 5,155 shares. Ubs Asset Management Americas Inc has 27,082 shares for 0% of their portfolio.

Investors sentiment decreased to 0.93 in 2017 Q3. Its down 0.46, from 1.39 in 2017Q2. It turned negative, as 36 investors sold ALGN shares while 194 reduced holdings. 77 funds opened positions while 137 raised stakes. 62.92 million shares or 1.48% more from 62.01 million shares in 2017Q2 were reported. Pinebridge Invs Lp holds 234 shares. Robeco Institutional Asset Mgmt Bv has invested 0.1% of its portfolio in Align Technology, Inc. (NASDAQ:ALGN). 18,748 were accumulated by Scott And Selber Inc. Zacks Mngmt invested in 0.05% or 10,447 shares. Quantum Capital Management has 3,944 shares for 0.17% of their portfolio. 2.04M are owned by Renaissance Technologies Ltd Llc. State Of Wisconsin Invest Board reported 99,641 shares. Cantab Capital Partners Ltd Liability Partnership owns 6,026 shares. Breton Hill owns 0.06% invested in Align Technology, Inc. (NASDAQ:ALGN) for 1,681 shares. Panagora Asset Mgmt Incorporated accumulated 5,502 shares. Fmr Lc invested 0.01% of its portfolio in Align Technology, Inc. (NASDAQ:ALGN). North Carolina-based Willingdon Wealth Mngmt has invested 0.02% in Align Technology, Inc. (NASDAQ:ALGN). Ontario Teachers Pension Plan Board stated it has 4,561 shares or 0.01% of all its holdings. Northwestern Mutual Wealth Management reported 3,054 shares. Cibc World Mkts invested in 0.01% or 15,357 shares.

Since February 2, 2018, it had 0 insider purchases, and 1 insider sale for $11.91 million activity.

Among 13 analysts covering Align Technology (NASDAQ:ALGN), 11 have Buy rating, 0 Sell and 2 Hold. Therefore 85% are positive. Align Technology had 53 analyst reports since July 27, 2015 according to SRatingsIntel. Stifel Nicolaus maintained Align Technology, Inc. (NASDAQ:ALGN) rating on Tuesday, January 30. Stifel Nicolaus has “Buy” rating and $295 target. The stock of Align Technology, Inc. (NASDAQ:ALGN) has “Buy” rating given on Wednesday, January 31 by Piper Jaffray. The stock has “Buy” rating by Leerink Swann on Friday, October 27. On Friday, July 28 the stock rating was upgraded by Bank of America to “Buy”. The stock of Align Technology, Inc. (NASDAQ:ALGN) has “Buy” rating given on Friday, June 23 by Stifel Nicolaus. The stock of Align Technology, Inc. (NASDAQ:ALGN) earned “Buy” rating by Piper Jaffray on Friday, October 27. The firm has “Buy” rating by Robert W. Baird given on Wednesday, October 18. The firm has “Overweight” rating by Morgan Stanley given on Friday, October 6. The stock of Align Technology, Inc. (NASDAQ:ALGN) has “Outperform” rating given on Wednesday, May 11 by Credit Suisse. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, January 29 report.

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By1 Louis Casey

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