ETFs Sold $18.0 Million of Silicon Labs (SLAB) on Monday

This article first appeared on GuruFocus.

In Monday’s session, 11 ETFs were selling Silicon Laboratories (SLAB) versus 4 buying, producing a net outflow of $18.0 million. The selling extended a four-day streak of net outflows for the stock. ETF activity over the prior sessions included net outflows of $7.6 million on Oct. 16, $5.4 million on Oct. 15 and $8.5 million on Oct. 14, after a net inflow of $1.7 million on Oct. 13.

See all ETF and guru trades in SLAB on its SLAB guru trades page.

Which ETFs sold SLAB on Monday?

The largest sellers by dollar value were DFAC ($10.7 million), IWM ($3.0 million) and DCOR ($2.8 million). In all, 4 ETFs added shares and 11 cut them.

DFAC accounted for the largest move, cutting its position by 48,603 shares for a $10.7 million reduction, a 48.98% drop in its stake. IWM sold 13,640 shares worth $3.0 million and DCOR sold 12,647 shares worth $2.8 million, while DFAS trimmed $0.6 million and XSD $0.3 million. Silicon Laboratories operates in the Technology sector’s Semiconductors industry with a market cap of $7.4 billion.

Have ETFs been buying or selling SLAB lately?

Over the last 5 reported days, ETFs were net buyers on 1 and net sellers on 4, so the recent trend is mostly selling.

What does SLAB do?

Silicon Laboratories Inc. is a fabless semiconductor company that designs and sells integrated circuits and related software for wireless connectivity and mixed-signal applications.

Silicon Laboratories reported trailing-12-month revenue of $855.9 million, up 19.8% over one year, with a gross margin of 59.1% and a net margin of -4.6%. Its P/B ratio is 6.74 and P/S ratio is 8.52, alongside a market cap of $7.4 billion. The GF Score is 79, and the GF Value of $169.72 compares with a price of $221.10. The stock has returned 69.17% year to date.

SLAB at a glance

For a closer look, open the SLAB stock summary, its GF Value chart and insider buying and selling.