Carmignac Gestion Purchases 12,497 Shares of Silicon Laboratories, Inc. $SLAB

Carmignac Gestion grew its holdings in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB) by 44.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,340 shares of the semiconductor company’s stock after purchasing an additional 12,497 shares during the quarter. Carmignac Gestion owned approximately 0.12% of Silicon Laboratories worth $8,817,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. AQR Capital Management LLC grew its position in Silicon Laboratories by 43.7% during the first quarter. AQR Capital Management LLC now owns 17,892 shares of the semiconductor company’s stock valued at $2,001,000 after buying an additional 5,439 shares during the period. Millennium Management LLC increased its holdings in Silicon Laboratories by 2,804.1% during the first 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 raised its position 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 during the period. United Services Automobile Association bought a new position in Silicon Laboratories in the first quarter worth approximately $235,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Silicon Laboratories by 1.8% during 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 worth $10,937,000 after acquiring an additional 1,679 shares during the last quarter.

Silicon Laboratories Trading Down 0.3%

NASDAQ SLAB traded down $0.58 on Tuesday, reaching $220.00. 206,710 shares of the stock were exchanged, compared to its average volume of 519,379. Silicon Laboratories, Inc. has a one year low of $115.50 and a one year high of $222.49. The firm has a market capitalization of $7.34 billion, a PE ratio of -186.44 and a beta of 1.36. The company’s 50-day simple moving average is $218.35 and its two-hundred day simple moving average is $214.53.

Silicon Laboratories (NASDAQ:SLAB) last posted its quarterly earnings results on Tuesday, August 11th. The semiconductor company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. The business had revenue of $228.19 million during the quarter, compared to analyst estimates of $227.99 million. Silicon Laboratories had a negative net margin of 4.57% and a negative return on equity of 0.66%. The company’s revenue was up 18.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.11 earnings per share. Sell-side analysts forecast that Silicon Laboratories, Inc. will post 0.52 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on SLAB shares. Weiss Ratings restated a “sell (d-)” rating on shares of Silicon Laboratories in a research note on Wednesday, June 24th. Zacks Research downgraded Silicon Laboratories from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 18th. Five investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $218.00.

About Silicon Laboratories

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.