Tudor Investment Corp ET AL Makes New $4.72 Million Investment in Silicon Laboratories, Inc. $SLAB

Tudor Investment Corp ET AL purchased a new position in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB – Free Report) in the 3rd quarter, Holdings Channel.com reports. The fund purchased 35,977 shares of the semiconductor company’s stock, valued at approximately $4,718,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SLAB. UMB Bank n.a. increased its position in shares of Silicon Laboratories by 43.9% during the 3rd quarter. UMB Bank n.a. now owns 282 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 86 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Silicon Laboratories by 45.7% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 274 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 86 shares during the period. Arizona State Retirement System increased its position in shares of Silicon Laboratories by 1.6% during the 3rd quarter. Arizona State Retirement System now owns 9,627 shares of the semiconductor company’s stock valued at $1,262,000 after purchasing an additional 153 shares during the period. CANADA LIFE ASSURANCE Co increased its position in shares of Silicon Laboratories by 0.5% during the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 33,417 shares of the semiconductor company’s stock valued at $4,302,000 after purchasing an additional 159 shares during the period. Finally, Profund Advisors LLC increased its position in shares of Silicon Laboratories by 5.9% during the 3rd quarter. Profund Advisors LLC now owns 2,972 shares of the semiconductor company’s stock valued at $390,000 after purchasing an additional 165 shares during the period.

Insider Buying and Selling at Silicon Laboratories

In other news, Director Nina Richardson sold 1,355 shares of Silicon Laboratories stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $149.00, for a total transaction of $201,895.00. Following the transaction, the director owned 8,543 shares in the company, valued at approximately $1,272,907. The trade was a 13.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.60% of the company’s stock.

Silicon Laboratories Stock Up 0.2%

Shares of Silicon Laboratories stock opened at $210.36 on Thursday. The stock’s fifty day moving average is $200.61 and its 200-day moving average is $157.52. The firm has a market capitalization of $6.94 billion, a PE ratio of -105.71 and a beta of 1.45. Silicon Laboratories, Inc. has a 12-month low of $82.82 and a 12-month high of $211.67.

Silicon Laboratories (NASDAQ:SLAB – Get Free Report) last announced its earnings results on Wednesday, February 4th. The semiconductor company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.02. The company had revenue of $208.21 million for the quarter, compared to analyst estimates of $207.63 million. Silicon Laboratories had a negative return on equity of 4.07% and a negative net margin of 8.27%.Silicon Laboratories’s revenue for the quarter was up 25.3% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.11) earnings per share. Analysts expect that Silicon Laboratories, Inc. will post -0.97 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on SLAB shares. Royal Bank Of Canada lifted their price target on Silicon Laboratories from $160.00 to $205.00 and gave the company a “sector perform” rating in a research report on Thursday, February 5th. Needham & Company LLC lowered Silicon Laboratories from a “buy” rating to a “hold” rating in a research report on Wednesday, February 4th. KeyCorp lowered Silicon Laboratories from an “overweight” rating to a “hold” rating in a research report on Wednesday, February 4th. Citigroup boosted their target price on Silicon Laboratories from $135.00 to $231.00 and gave the stock a “neutral” rating in a research report on Friday, February 6th. Finally, Benchmark lowered Silicon Laboratories from a “buy” rating to a “hold” rating in a research report on Wednesday, February 4th. One analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $167.78.

View Our Latest Report on SLAB

Silicon Laboratories Profile

(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.

Further Reading

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