Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB – Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 172,200 shares of the semiconductor company’s stock, valued at approximately $35,843,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Tudor Investment Corp ET AL purchased a new position in Silicon Laboratories during the third quarter worth about $4,718,000. SG Americas Securities LLC increased its stake in Silicon Laboratories by 836.3% in the 4th quarter. SG Americas Securities LLC now owns 49,934 shares of the semiconductor company’s stock valued at $6,526,000 after buying an additional 44,601 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Silicon Laboratories by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 3,992,407 shares of the semiconductor company’s stock worth $521,808,000 after buying an additional 121,432 shares in the last quarter. Hsbc Holdings PLC boosted its stake in shares of Silicon Laboratories by 74.3% in the 4th quarter. Hsbc Holdings PLC now owns 11,558 shares of the semiconductor company’s stock worth $1,516,000 after buying an additional 4,927 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its position in Silicon Laboratories by 395.2% during the first quarter. Assenagon Asset Management S.A. now owns 239,318 shares of the semiconductor company’s stock valued at $49,814,000 after buying an additional 190,994 shares during the period.
Insider Activity
In other Silicon Laboratories news, CEO Robert Matthew Johnson sold 8,024 shares of the 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 sale, the chief executive officer owned 80,519 shares in the company, valued at $17,458,934.77. This represents a 9.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.60% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Read Our Latest Research Report on SLAB
Silicon Laboratories Price Performance
NASDAQ SLAB opened at $216.88 on Monday. The firm has a market cap of $7.15 billion, a P/E ratio of -141.75 and a beta of 1.36. The company’s 50 day moving average is $218.24 and its 200-day moving average is $202.91. Silicon Laboratories, Inc. has a 12-month low of $115.50 and a 12-month high of $220.90.
Silicon Laboratories (NASDAQ:SLAB – Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The semiconductor company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.49 by $0.04. Silicon Laboratories had a negative net margin of 6.13% and a negative return on equity of 2.18%. The company had revenue of $213.50 million during the quarter, compared to the consensus estimate of $214.02 million. During the same period last year, the firm earned ($0.08) EPS. Silicon Laboratories’s revenue for the quarter was up 20.1% on a year-over-year basis. Equities analysts expect that Silicon Laboratories, Inc. will post 0.74 EPS for the current year.
Silicon Laboratories 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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