Caxton Associates LLP Grows Stake in Silicon Laboratories, Inc. $SLAB

Caxton Associates LLP boosted its position in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB) by 469.2% during the 1st quarter, HoldingsChannel.com reports. The firm owned 27,277 shares of the semiconductor company’s stock after purchasing an additional 22,485 shares during the period. Caxton Associates LLP’s holdings in Silicon Laboratories were worth $5,678,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of SLAB. Kestra Advisory Services LLC bought a new stake in Silicon Laboratories in the 4th quarter worth about $32,000. Covestor Ltd increased its holdings in Silicon Laboratories by 260.3% during the fourth quarter. Covestor Ltd now owns 281 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 203 shares during the last quarter. Kemnay Advisory Services Inc. purchased a new stake in shares of Silicon Laboratories in the 4th quarter worth $44,000. Jones Financial Companies Lllp raised its stake in shares of Silicon Laboratories by 121.4% in the first quarter. Jones Financial Companies Lllp now owns 496 shares of the semiconductor company’s stock worth $56,000 after buying an additional 272 shares during the period. Finally, Global Retirement Partners LLC lifted its holdings in Silicon Laboratories by 37.3% during the fourth quarter. Global Retirement Partners LLC now owns 497 shares of the semiconductor company’s stock valued at $65,000 after purchasing an additional 135 shares in the last quarter.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other Silicon Laboratories news, CEO Robert Matthew Johnson sold 8,024 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $216.83, for a total value of $1,739,843.92. Following the completion of the sale, the chief executive officer owned 80,519 shares of the company’s stock, valued at $17,458,934.77. This trade represents a 9.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.60% of the stock is owned by company insiders.

Silicon Laboratories Stock Down 0.2%

Shares of NASDAQ:SLAB opened at $216.76 on Friday. The firm has a fifty day simple moving average of $218.24 and a two-hundred day simple moving average of $202.36. Silicon Laboratories, Inc. has a 52 week low of $115.50 and a 52 week high of $220.90. The stock has a market capitalization of $7.15 billion, a P/E ratio of -141.67 and a beta of 1.36.

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