Groupe la Francaise Buys Shares of 9,120 Silicon Laboratories, Inc. $SLAB

Groupe la Francaise bought a new position in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB) during the first quarter, HoldingsChannel reports. The fund bought 9,120 shares of the semiconductor company’s stock, valued at approximately $1,898,000.

Other institutional investors also recently modified their holdings of the company. Kestra Advisory Services LLC bought a new position in Silicon Laboratories in the 4th quarter valued at approximately $32,000. Covestor Ltd boosted its stake in shares of Silicon Laboratories by 260.3% in the 4th quarter. Covestor Ltd now owns 281 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 203 shares during the last quarter. Kemnay Advisory Services Inc. bought a new position in Silicon Laboratories during the fourth quarter worth $44,000. EverSource Wealth Advisors LLC boosted its holdings in Silicon Laboratories by 66.7% in the first quarter. EverSource Wealth Advisors LLC now owns 225 shares of the semiconductor company’s stock worth $47,000 after acquiring an additional 90 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in Silicon Laboratories by 121.4% in the first quarter. Jones Financial Companies Lllp now owns 496 shares of the semiconductor company’s stock worth $56,000 after acquiring an additional 272 shares in the last quarter.

Insider Buying and Selling

In other news, CEO Robert Matthew Johnson sold 8,024 shares of Silicon Laboratories stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $216.83, for a total value of $1,739,843.92. Following the completion of the transaction, the chief executive officer owned 80,519 shares in the company, valued at $17,458,934.77. This trade represents a 9.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Silicon Laboratories in a research note on Wednesday, June 24th. Seven equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $177.50.

Silicon Laboratories Trading Up 0.3%

Shares of NASDAQ SLAB opened at $217.50 on Friday. The stock has a fifty day simple moving average of $218.26 and a two-hundred day simple moving average of $204.98. Silicon Laboratories, Inc. has a 1-year low of $115.50 and a 1-year high of $220.90. The firm has a market cap of $7.17 billion, a price-to-earnings ratio of -142.16 and a beta of 1.36.

Silicon Laboratories (NASDAQ:SLAB) last posted its quarterly earnings results on Tuesday, May 5th. The semiconductor company reported $0.53 earnings per share for the quarter, topping 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 company had revenue of $213.50 million during the quarter, compared to the consensus estimate of $214.02 million. During the same quarter in the prior year, the company earned ($0.08) EPS. The firm’s quarterly revenue was up 20.1% compared to the same quarter last year. Analysts forecast that Silicon Laboratories, Inc. will post 0.74 EPS 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.