DLD Asset Management LP Invests $760,000 in Silicon Laboratories, Inc. $SLAB

DLD Asset Management LP bought a new position in Silicon Laboratories, Inc. (NASDAQ:SLAB) during the first quarter, Holdings Channel reports. The firm bought 3,650 shares of the semiconductor company’s stock, valued at approximately $760,000.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Silicon Laboratories by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 3,992,407 shares of the semiconductor company’s stock worth $521,808,000 after acquiring an additional 121,432 shares in the last quarter. State Street Corp increased its position in Silicon Laboratories by 0.5% in the second quarter. State Street Corp now owns 1,517,813 shares of the semiconductor company’s stock worth $223,665,000 after purchasing an additional 7,139 shares during the last quarter. Invesco Ltd. raised its stake in Silicon Laboratories by 12.9% during the fourth quarter. Invesco Ltd. now owns 852,493 shares of the semiconductor company’s stock valued at $111,421,000 after purchasing an additional 97,351 shares in the last quarter. Geode Capital Management LLC lifted its position in Silicon Laboratories by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 824,771 shares of the semiconductor company’s stock valued at $107,814,000 after purchasing an additional 7,921 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of Silicon Laboratories by 89.5% in the 3rd quarter. AQR Capital Management LLC now owns 701,919 shares of the semiconductor company’s stock worth $91,109,000 after buying an additional 331,427 shares in the last quarter.

Silicon Laboratories Stock Performance

Shares of NASDAQ SLAB opened at $217.17 on Thursday. Silicon Laboratories, Inc. has a 52-week low of $115.50 and a 52-week high of $220.90. The firm has a market capitalization of $7.16 billion, a price-to-earnings ratio of -141.94 and a beta of 1.36. The stock has a 50 day moving average price of $218.25 and a 200 day moving average price of $201.76.

Silicon Laboratories (NASDAQ:SLAB) last released its quarterly earnings data on Tuesday, May 5th. The semiconductor company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.49 by $0.04. The company had revenue of $213.50 million for the quarter, compared to the consensus estimate of $214.02 million. Silicon Laboratories had a negative return on equity of 2.18% and a negative net margin of 6.13%.Silicon Laboratories’s quarterly revenue was up 20.1% on a year-over-year basis. During the same period last year, the business posted ($0.08) EPS. Analysts forecast that Silicon Laboratories, Inc. will post 0.74 earnings per share for the current year.

Analyst Ratings Changes

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

Insider Activity

In other news, CEO Robert Matthew Johnson sold 8,024 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $216.83, for a total transaction of $1,739,843.92. Following the transaction, the chief executive officer owned 80,519 shares in the company, valued at approximately $17,458,934.77. This trade represents a 9.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.60% of the company’s stock.

Silicon Laboratories 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.