Jinkosolar Hldg Co LTD (Put) (JKS) Position Maintained by Luminus Management Llc; Hermes Investment Management LTD Cut Stake in Silicon Laboratories (SLAB) as Market Value Declined

April 4, 2018 - By Dolores Ford

JinkoSolar Holding Co., Ltd. (NYSE:JKS) Logo

Hermes Investment Management Ltd decreased its stake in Silicon Laboratories Inc (SLAB) by 4.81% based on its latest 2017Q4 regulatory filing with the SEC. Hermes Investment Management Ltd sold 33,223 shares as the company’s stock declined 1.12% with the market. The institutional investor held 657,454 shares of the technology company at the end of 2017Q4, valued at $58.05 million, down from 690,677 at the end of the previous reported quarter. Hermes Investment Management Ltd who had been investing in Silicon Laboratories Inc for a number of months, seems to be less bullish one the $3.74B market cap company. The stock decreased 1.98% or $1.75 during the last trading session, reaching $86.6. About 27,384 shares traded. Silicon Laboratories Inc. (NASDAQ:SLAB) has risen 20.86% since April 4, 2017 and is uptrending. It has outperformed by 9.31% the S&P500.

Jonathan Barrett increased its stake in Jinkosolar Hldg Co Ltd (Put) (JKS) by 1055.79% based on its latest 2017Q4 regulatory filing with the SEC. Luminus Management Llc bought 347,122 shares as the company’s stock declined 24.94% with the market. The hedge fund run by Jonathan Barrett held 380,000 shares of the semiconductors company at the end of 2017Q4, valued at $9.14 million, up from 32,878 at the end of the previous reported quarter. Luminus Management Llc who had been investing in Jinkosolar Hldg Co Ltd (Put) for a number of months, seems to be bullish on the $739.47M market cap company. The stock increased 0.37% or $0.07 during the last trading session, reaching $18.91. About 91,550 shares traded. JinkoSolar Holding Co., Ltd. (NYSE:JKS) has risen 9.45% since April 4, 2017 and is uptrending. It has underperformed by 2.10% the S&P500.

Among 11 analysts covering JinkoSolar Holding Co. (NYSE:JKS), 4 have Buy rating, 5 Sell and 2 Hold. Therefore 36% are positive. JinkoSolar Holding Co. had 20 analyst reports since August 25, 2015 according to SRatingsIntel. The stock has “Outperform” rating by Northland Capital on Friday, December 18. On Tuesday, August 22 the stock rating was downgraded by Credit Suisse to “Neutral”. The rating was maintained by Credit Suisse with “Hold” on Monday, January 8. The stock has “Hold” rating by Roth Capital on Monday, September 25. The rating was maintained by Roth Capital on Tuesday, March 27 with “Hold”. The stock of JinkoSolar Holding Co., Ltd. (NYSE:JKS) has “Underweight” rating given on Friday, May 26 by Morgan Stanley. The firm earned “Buy” rating on Tuesday, August 25 by Roth Capital. The firm has “Buy” rating by TH Capital given on Friday, November 20. The rating was downgraded by Roth Capital on Friday, August 5 to “Neutral”. The firm has “Hold” rating by Roth Capital given on Monday, June 5.

Luminus Management Llc, which manages about $3.51B and $4.71 billion US Long portfolio, decreased its stake in Diamond Offshore Drilling In (Put) (NYSE:DO) by 100,000 shares to 150,000 shares, valued at $2.79M in 2017Q4, according to the filing. It also reduced its holding in Delek Us Hldgs Inc New by 300,000 shares in the quarter, leaving it with 23,372 shares, and cut its stake in Dover Corp (NYSE:DOV).

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. M Partners maintained Silicon Laboratories Inc. (NASDAQ:SLAB) rating on Wednesday, July 29. M Partners has “Buy” rating and $52 target. As per Wednesday, February 1, the company rating was maintained by Drexel Hamilton. Roth Capital initiated the stock with “Buy” rating in Thursday, September 29 report. The company was maintained on Thursday, April 28 by Stephens. The rating was upgraded by M Partners on Thursday, October 27 to “Buy”. Canaccord Genuity maintained the stock with “Buy” rating in Monday, May 29 report. The stock of Silicon Laboratories Inc. (NASDAQ:SLAB) earned “Neutral” rating by M Partners on Friday, September 25. On Tuesday, October 10 the stock rating was maintained by Canaccord Genuity with “Buy”. Canaccord Genuity maintained the stock with “Buy” rating in Monday, July 10 report. Drexel Hamilton maintained it with “Buy” rating and $85.0 target in Wednesday, October 25 report.

Investors sentiment decreased to 1.1 in Q4 2017. Its down 0.18, from 1.28 in 2017Q3. It dived, 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. Ameritas Invest Prtn stated it has 0.07% in Silicon Laboratories Inc. (NASDAQ:SLAB). California State Teachers Retirement Sys accumulated 66,175 shares or 0.01% of the stock. Gemmer Asset Mgmt Limited Liability Corporation holds 0% or 151 shares in its portfolio. Reilly Advsr reported 69 shares stake. 6.38M were reported by Fmr Lc. Van Berkom has 1.99% invested in Silicon Laboratories Inc. (NASDAQ:SLAB) for 689,744 shares. Cubist Systematic Strategies Limited Liability reported 4,428 shares. Cohen Klingenstein Limited Liability Com invested in 11,924 shares or 0.15% of the stock. Morgan Stanley accumulated 180,316 shares. Parametric Portfolio Assocs Limited Liability Company stated it has 83,501 shares or 0.01% of all its holdings. Fortaleza Asset Mgmt Incorporated owns 2,210 shares or 1.23% of their US portfolio. Shine Investment Advisory reported 0% of its portfolio in Silicon Laboratories Inc. (NASDAQ:SLAB). Barclays Public Limited Company reported 4,429 shares. Granite Invest Prns Ltd accumulated 9,942 shares. Liberty Mutual Grp Asset has 0.03% invested in Silicon Laboratories Inc. (NASDAQ:SLAB).

Analysts await Silicon Laboratories Inc. (NASDAQ:SLAB) to report earnings on April, 25. They expect $0.53 EPS, up 15.22% or $0.07 from last year’s $0.46 per share. SLAB’s profit will be $22.88M for 40.85 P/E if the $0.53 EPS becomes a reality. After $0.65 actual EPS reported by Silicon Laboratories Inc. for the previous quarter, Wall Street now forecasts -18.46% negative EPS growth.

Since October 3, 2017, it had 0 buys, and 6 selling transactions for $3.56 million activity. WOOD WILLIAM P also sold $407,250 worth of Silicon Laboratories Inc. (NASDAQ:SLAB) on Tuesday, October 3. Another trade for 2,500 shares valued at $229,775 was sold by BOCK WILLIAM G. Tolany Brandon had sold 9,060 shares worth $828,718. Shares for $13,100 were sold by Kumar Sandeep P on Thursday, January 25.

Hermes Investment Management Ltd, which manages about $20.91B and $6.98 billion US Long portfolio, upped its stake in Eagle Materials Inc (NYSE:EXP) by 14,788 shares to 590,404 shares, valued at $66.89M in 2017Q4, according to the filing. It also increased its holding in Wex Inc (NYSE:WEX) by 19,720 shares in the quarter, for a total of 476,322 shares, and has risen its stake in M & T Bk Corp (NYSE:MTB).

Silicon Laboratories Inc. (NASDAQ:SLAB) Institutional Positions Chart

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