Greenland Capital Management LP acquired a new position in Silicon Laboratories, Inc. (NASDAQ:SLAB – Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 5,931 shares of the semiconductor company’s stock, valued at approximately $1,296,000.
Other hedge funds have also recently bought and sold shares of the company. AQR Capital Management LLC grew its position in Silicon Laboratories by 43.7% in the 1st quarter. AQR Capital Management LLC now owns 17,892 shares of the semiconductor company’s stock worth $2,001,000 after purchasing an additional 5,439 shares during the last quarter. Millennium Management LLC increased its stake in shares of Silicon Laboratories by 2,804.1% in the first quarter. Millennium Management LLC now owns 99,842 shares of the semiconductor company’s stock valued at $11,239,000 after purchasing an additional 96,404 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of Silicon Laboratories by 121.4% during the first 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 bought a new stake in shares of Silicon Laboratories during the first quarter valued at approximately $235,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Silicon Laboratories by 1.8% during the first 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.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on SLAB. Zacks Research lowered Silicon Laboratories from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 18th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Silicon Laboratories in a research note on Wednesday, June 24th. Five analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Silicon Laboratories has a consensus rating of “Reduce” and an average price target of $218.00.
Silicon Laboratories Trading Down 0.0%
SLAB stock opened at $218.00 on Friday. Silicon Laboratories, Inc. has a 52 week low of $115.50 and a 52 week high of $220.90. The company has a market capitalization of $7.27 billion, a price-to-earnings ratio of -184.75 and a beta of 1.37. The firm’s 50-day moving average is $218.29 and its two-hundred day moving average is $212.53.
Silicon Laboratories (NASDAQ:SLAB – Get Free Report) last issued its quarterly earnings results on Tuesday, August 11th. The semiconductor company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.69 by $0.02. Silicon Laboratories had a negative net margin of 4.57% and a negative return on equity of 0.66%. The firm had revenue of $228.19 million for the quarter, compared to analysts’ expectations of $227.99 million. During the same period in the previous year, the business earned $0.11 earnings per share. Silicon Laboratories’s revenue for the quarter was up 18.3% compared to the same quarter last year. On average, equities research analysts predict that Silicon Laboratories, Inc. will post 0.52 earnings per share for the current 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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