Future Fund LLC grew its position in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB – Free Report) by 43.1% in the fourth quarter, HoldingsChannel reports. The fund owned 11,878 shares of the semiconductor company’s stock after acquiring an additional 3,580 shares during the period. Future Fund LLC’s holdings in Silicon Laboratories were worth $1,552,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of SLAB. AQR Capital Management LLC boosted its position in Silicon Laboratories by 43.7% during the 1st quarter. AQR Capital Management LLC now owns 17,892 shares of the semiconductor company’s stock worth $2,001,000 after acquiring an additional 5,439 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Silicon Laboratories by 2,804.1% in the 1st quarter. Millennium Management LLC now owns 99,842 shares of the semiconductor company’s stock valued at $11,239,000 after buying an additional 96,404 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Silicon Laboratories by 121.4% in the 1st quarter. Jones Financial Companies Lllp now owns 496 shares of the semiconductor company’s stock valued at $56,000 after buying an additional 272 shares during the last quarter. United Services Automobile Association acquired a new stake in shares of Silicon Laboratories in the 1st quarter valued at approximately $235,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Silicon Laboratories by 1.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 97,156 shares of the semiconductor company’s stock valued at $10,937,000 after buying an additional 1,679 shares during the last quarter.
Insider Transactions at Silicon Laboratories
In other Silicon Laboratories news, CEO Robert Matthew Johnson sold 8,024 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $216.83, for a total transaction of $1,739,843.92. Following the completion of the sale, the chief executive officer owned 80,519 shares of the company’s stock, valued at $17,458,934.77. This trade represents a 9.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.60% of the stock is owned by corporate insiders.
Analyst Ratings Changes
View Our Latest Stock Analysis on Silicon Laboratories
Silicon Laboratories Price Performance
Shares of Silicon Laboratories stock opened at $217.60 on Friday. The business has a fifty day simple moving average of $213.30 and a two-hundred day simple moving average of $177.92. Silicon Laboratories, Inc. has a 1 year low of $115.50 and a 1 year high of $219.20. The company has a market capitalization of $7.18 billion, a price-to-earnings ratio of -142.22 and a beta of 1.40.
Silicon Laboratories (NASDAQ:SLAB – Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The semiconductor company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.04. Silicon Laboratories had a negative return on equity of 2.18% and a negative net margin of 6.13%.The business had revenue of $213.50 million during the quarter, compared to the consensus estimate of $214.02 million. During the same quarter last year, the firm posted ($0.08) EPS. The company’s quarterly revenue was up 20.1% on a year-over-year basis. As a group, equities analysts anticipate that Silicon Laboratories, Inc. will post 0.74 earnings per share for the current fiscal year.
Silicon Laboratories Company Profile
Silicon Laboratories (NASDAQ:SLAB) is a global semiconductor company that develops high-performance analog and mixed-signal integrated circuits, wireless system-on-chips (SoCs), microcontrollers, and radio frequency (RF) solutions. Its product portfolio is tailored to support the Internet of Things (IoT), infrastructure, industrial automation, consumer electronics, automotive, and energy markets. By combining silicon, software, and tools, Silicon Labs aims to accelerate development cycles and deliver low-power, highly integrated solutions that address demanding application requirements.
Founded in 1996 and headquartered in Austin, Texas, Silicon Labs has grown into a multinational organization with engineering and sales operations across North America, Europe, and Asia.
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