Carmignac Gestion Grows Stake in Silicon Laboratories, Inc. $SLAB

Carmignac Gestion boosted its holdings in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB) by 44.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 40,340 shares of the semiconductor company’s stock after purchasing an additional 12,497 shares during the quarter. Carmignac Gestion’s holdings in Silicon Laboratories were worth $8,817,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in SLAB. California State Teachers Retirement System grew its holdings in Silicon Laboratories by 21.5% during the 1st quarter. California State Teachers Retirement System now owns 38,003 shares of the semiconductor company’s stock valued at $7,910,000 after buying an additional 6,737 shares in the last quarter. BlackRock Inc. bought a new stake in shares of Silicon Laboratories during the second quarter valued at approximately $1,135,435,000. GSA Capital Partners LLP purchased a new position in shares of Silicon Laboratories in the second quarter worth $2,378,000. Assenagon Asset Management S.A. lifted its holdings in shares of Silicon Laboratories by 395.2% in the first quarter. Assenagon Asset Management S.A. now owns 239,318 shares of the semiconductor company’s stock worth $49,814,000 after buying an additional 190,994 shares in the last quarter. Finally, SEB Asset Management AB bought a new position in shares of Silicon Laboratories during the first quarter worth $1,562,000.

Silicon Laboratories Stock Performance

NASDAQ:SLAB traded down $0.58 during trading hours on Tuesday, reaching $220.00. The stock had a trading volume of 206,710 shares, compared to its average volume of 519,379. Silicon Laboratories, Inc. has a 52 week low of $115.50 and a 52 week high of $222.49. The company has a 50 day moving average price of $218.35 and a two-hundred day moving average price of $214.53. The stock has a market capitalization of $7.34 billion, a PE ratio of -186.44 and a beta of 1.36.

Silicon Laboratories (NASDAQ:SLAB) last issued 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 analysts’ expectations of $227.99 million. Silicon Laboratories had a negative return on equity of 0.66% and a negative net margin of 4.57%.The company’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.11 EPS. Equities research analysts predict that Silicon Laboratories, Inc. will post 0.52 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on SLAB. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Silicon Laboratories in a research note on Wednesday, June 24th. Zacks Research cut shares of Silicon Laboratories from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 18th. Five research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target 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.