Tudor Investment Corp ET AL Buys New Position in Silicon Laboratories, Inc. $SLAB

Tudor Investment Corp ET AL purchased a new position in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 35,977 shares of the semiconductor company’s stock, valued at approximately $4,718,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Silicon Laboratories by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 3,870,975 shares of the semiconductor company’s stock valued at $507,601,000 after acquiring an additional 73,773 shares in the last quarter. State Street Corp grew its stake in shares of Silicon Laboratories by 0.5% in the 2nd quarter. State Street Corp now owns 1,517,813 shares of the semiconductor company’s stock worth $223,665,000 after acquiring an additional 7,139 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Silicon Laboratories by 3.5% in the third quarter. Invesco Ltd. now owns 755,142 shares of the semiconductor company’s stock valued at $99,022,000 after purchasing an additional 25,273 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Silicon Laboratories by 89.5% in the third quarter. AQR Capital Management LLC now owns 701,919 shares of the semiconductor company’s stock valued at $91,109,000 after purchasing an additional 331,427 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Silicon Laboratories by 26.1% during the second quarter. American Century Companies Inc. now owns 643,142 shares of the semiconductor company’s stock valued at $94,774,000 after purchasing an additional 132,964 shares in the last quarter.

Insider Activity

In other news, Director Nina Richardson sold 1,355 shares of the firm’s stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of $149.00, for a total transaction of $201,895.00. Following the completion of the sale, the director owned 8,543 shares in the company, valued at $1,272,907. This trade represents a 13.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SLAB. KeyCorp cut shares of Silicon Laboratories from an “overweight” rating to a “hold” rating in a report on Wednesday, February 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Silicon Laboratories in a research note on Monday, December 29th. Benchmark cut shares of Silicon Laboratories from a “buy” rating to a “hold” rating in a research report on Wednesday, February 4th. Needham & Company LLC downgraded Silicon Laboratories from a “buy” rating to a “hold” rating in a research note on Wednesday, February 4th. Finally, Royal Bank Of Canada upped their target price on Silicon Laboratories from $160.00 to $205.00 and gave the company a “sector perform” rating in a report on Thursday, February 5th. One investment analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $167.78.

Silicon Laboratories Stock Performance

Shares of NASDAQ:SLAB opened at $207.07 on Thursday. The company has a market capitalization of $6.83 billion, a P/E ratio of -104.05 and a beta of 1.46. The company’s 50-day moving average is $188.36 and its 200 day moving average is $152.44. Silicon Laboratories, Inc. has a fifty-two week low of $82.82 and a fifty-two week high of $208.84.

Silicon Laboratories (NASDAQ:SLAB) last posted its quarterly earnings data 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 business had revenue of $208.21 million during the quarter, compared to the consensus estimate of $207.63 million. Silicon Laboratories had a negative net margin of 8.27% and a negative return on equity of 4.07%. The firm’s quarterly revenue was up 25.3% compared to the same quarter last year. During the same quarter last year, the company posted ($0.11) earnings per share. As a group, research analysts predict that Silicon Laboratories, Inc. will post -0.97 earnings per share 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.