Silicon Laboratories, Inc. $SLAB Shares Purchased by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC increased its position in Silicon Laboratories, Inc. (NASDAQ:SLAB) by 588.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,698 shares of the semiconductor company’s stock after acquiring an additional 15,128 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in Silicon Laboratories were worth $3,868,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SLAB. Vident Advisory LLC increased its holdings in shares of Silicon Laboratories by 2.5% in the fourth quarter. Vident Advisory LLC now owns 3,018 shares of the semiconductor company’s stock valued at $394,000 after purchasing an additional 74 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Silicon Laboratories by 66.7% during the first quarter. EverSource Wealth Advisors LLC now owns 225 shares of the semiconductor company’s stock worth $47,000 after purchasing an additional 90 shares during the period. Bank of Montreal Can boosted its position in Silicon Laboratories by 2.9% in the fourth quarter. Bank of Montreal Can now owns 3,355 shares of the semiconductor company’s stock valued at $438,000 after buying an additional 96 shares during the last quarter. State of Michigan Retirement System increased its holdings in Silicon Laboratories by 1.3% in the 1st quarter. State of Michigan Retirement System now owns 7,897 shares of the semiconductor company’s stock worth $1,644,000 after buying an additional 100 shares during the period. Finally, Inspire Investing LLC lifted its stake in Silicon Laboratories by 3.1% during the 4th quarter. Inspire Investing LLC now owns 3,585 shares of the semiconductor company’s stock valued at $469,000 after acquiring an additional 109 shares during the period.

Silicon Laboratories Stock Up 0.2%

SLAB stock opened at $219.05 on Tuesday. Silicon Laboratories, Inc. has a 52-week low of $115.50 and a 52-week high of $220.90. The firm has a market cap of $7.31 billion, a P/E ratio of -185.64 and a beta of 1.37. The company’s 50-day simple moving average is $218.17 and its 200-day simple moving average is $214.06.

Silicon Laboratories (NASDAQ:SLAB) last released its quarterly earnings results on Tuesday, August 11th. The semiconductor company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. The company had revenue of $228.19 million during 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%.Silicon Laboratories’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.11 EPS. On average, analysts anticipate that Silicon Laboratories, Inc. will post 0.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on SLAB. Zacks Research lowered shares of Silicon Laboratories from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 18th. Weiss Ratings restated a “sell (d-)” rating on shares of Silicon Laboratories in a research report on Wednesday, June 24th. Five research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Silicon Laboratories has an average rating of “Reduce” and an average price target of $218.00.

About Silicon Laboratories

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.