Silicon Laboratories, Inc. $SLAB Stock Position Raised by Moore Capital Management LP

Moore Capital Management LP grew its position in shares of Silicon Laboratories, Inc. (NASDAQ:SLABFree Report) by 30.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,000 shares of the semiconductor company’s stock after buying an additional 6,000 shares during the quarter. Moore Capital Management LP owned approximately 0.08% of Silicon Laboratories worth $5,683,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Harbor Investment Advisory LLC acquired a new stake in Silicon Laboratories in the second quarter valued at approximately $28,000. Kestra Advisory Services LLC acquired a new position in Silicon Laboratories during the fourth quarter worth $32,000. Covestor Ltd increased its position in Silicon Laboratories by 260.3% during the fourth quarter. Covestor Ltd now owns 281 shares of the semiconductor company’s stock worth $37,000 after buying an additional 203 shares during the last quarter. Allworth Financial LP bought a new position in Silicon Laboratories during the second quarter valued at about $42,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in shares of Silicon Laboratories in the fourth quarter worth about $44,000.

Silicon Laboratories Price Performance

Silicon Laboratories stock opened at $218.54 on Monday. The stock has a 50-day simple moving average of $218.19 and a 200 day simple moving average of $213.97. Silicon Laboratories, Inc. has a 12-month low of $115.50 and a 12-month high of $220.90. The stock has a market capitalization of $7.29 billion, a price-to-earnings ratio of -185.20 and a beta of 1.37.

Silicon Laboratories (NASDAQ:SLABGet Free Report) last released its earnings results on Tuesday, August 11th. The semiconductor company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.69 by $0.02. Silicon Laboratories had a negative return on equity of 0.66% and a negative net margin of 4.57%.The company had revenue of $228.19 million during the quarter, compared to analysts’ expectations of $227.99 million. During the same period last year, the firm earned $0.11 EPS. The business’s revenue for the quarter was up 18.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Silicon Laboratories, Inc. will post 0.52 EPS for the current year.

Analysts Set New Price Targets

SLAB has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Silicon Laboratories in a research note on Wednesday, June 24th. Zacks Research lowered Silicon Laboratories from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 18th. Five investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $218.00.

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About Silicon Laboratories

(Free Report)

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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Institutional Ownership by Quarter for Silicon Laboratories (NASDAQ:SLAB)

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