DLD Asset Management LP Buys Shares of 18,712 Silicon Laboratories, Inc. $SLAB

DLD Asset Management LP bought a new position in Silicon Laboratories, Inc. (NASDAQ:SLAB) in the 2nd quarter, Holdings Channel.com reports. The fund bought 18,712 shares of the semiconductor company’s stock, valued at approximately $4,090,000.

Several other hedge funds also recently modified their holdings of the business. Vident Advisory LLC raised its position in shares of Silicon Laboratories by 2.5% in the fourth quarter. Vident Advisory LLC now owns 3,018 shares of the semiconductor company’s stock valued at $394,000 after purchasing an additional 74 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Silicon Laboratories by 66.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 225 shares of the semiconductor company’s stock worth $47,000 after buying an additional 90 shares during the period. Bank of Montreal Can boosted its holdings in shares of Silicon Laboratories by 2.9% during the 4th quarter. Bank of Montreal Can now owns 3,355 shares of the semiconductor company’s stock worth $438,000 after buying an additional 96 shares during the period. State of Michigan Retirement System grew its stake in Silicon Laboratories by 1.3% in the 1st quarter. State of Michigan Retirement System now owns 7,897 shares of the semiconductor company’s stock valued at $1,644,000 after buying an additional 100 shares during the last quarter. Finally, Inspire Investing LLC grew its stake in Silicon Laboratories by 3.1% in the 4th quarter. Inspire Investing LLC now owns 3,585 shares of the semiconductor company’s stock valued at $469,000 after buying an additional 109 shares during the last quarter.

Silicon Laboratories Price Performance

Shares of SLAB stock opened at $218.00 on Monday. Silicon Laboratories, Inc. has a 12 month low of $115.50 and a 12 month high of $220.90. The firm has a market cap of $7.27 billion, a PE ratio of -184.75 and a beta of 1.37. The stock has a 50 day moving average of $218.29 and a 200-day moving average of $213.02.

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

Wall Street Analyst Weigh In

SLAB has been the subject of a number of research analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Silicon Laboratories in a research report 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 assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $218.00.

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.