Dynamic Technology Lab Private Ltd Buys 5,050 Shares of Silicon Laboratories, Inc. $SLAB

Dynamic Technology Lab Private Ltd increased its stake in Silicon Laboratories, Inc. (NASDAQ:SLAB) by 255.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,030 shares of the semiconductor company’s stock after buying an additional 5,050 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Silicon Laboratories were worth $922,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. AQR Capital Management LLC grew its holdings in shares of Silicon Laboratories by 43.7% during the 1st quarter. AQR Capital Management LLC now owns 17,892 shares of the semiconductor company’s stock worth $2,001,000 after acquiring an additional 5,439 shares during the period. Millennium Management LLC lifted its stake in shares of Silicon Laboratories by 2,804.1% in the 1st quarter. Millennium Management LLC now owns 99,842 shares of the semiconductor company’s stock valued at $11,239,000 after purchasing an additional 96,404 shares during the period. Jones Financial Companies Lllp boosted its position in shares of Silicon Laboratories by 121.4% during the first quarter. Jones Financial Companies Lllp now owns 496 shares of the semiconductor company’s stock valued at $56,000 after purchasing an additional 272 shares in the last quarter. United Services Automobile Association bought a new stake in shares of Silicon Laboratories during the first quarter valued at approximately $235,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Silicon Laboratories by 1.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 97,156 shares of the semiconductor company’s stock worth $10,937,000 after purchasing an additional 1,679 shares during the period.

Silicon Laboratories Price Performance

Shares of SLAB stock opened at $202.70 on Monday. The stock’s 50-day moving average is $171.58 and its 200 day moving average is $146.32. Silicon Laboratories, Inc. has a 1-year low of $82.82 and a 1-year high of $208.84. The company has a market cap of $6.68 billion, a P/E ratio of -101.86 and a beta of 1.46.

Silicon Laboratories (NASDAQ:SLAB) last issued its quarterly earnings results on Wednesday, February 4th. The semiconductor company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.02. Silicon Laboratories had a negative return on equity of 4.07% and a negative net margin of 8.27%.The business had revenue of $208.21 million during the quarter, compared to the consensus estimate of $207.63 million. During the same quarter last year, the company earned ($0.11) earnings per share. The company’s quarterly revenue was up 25.3% on a year-over-year basis. On average, analysts anticipate that Silicon Laboratories, Inc. will post -0.97 EPS for the current year.

Insider Activity at Silicon Laboratories

In related news, Director Nina Richardson sold 1,355 shares of Silicon Laboratories stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $149.00, for a total value of $201,895.00. Following the completion of the transaction, the director owned 8,543 shares in the company, valued at $1,272,907. The trade was a 13.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.60% of the stock is owned by insiders.

Analyst Ratings Changes

SLAB has been the subject of a number of recent research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Silicon Laboratories in a research report on Monday, December 29th. Royal Bank Of Canada increased their price objective on shares of Silicon Laboratories from $160.00 to $205.00 and gave the company a “sector perform” rating in a research report on Thursday, February 5th. Benchmark downgraded shares of Silicon Laboratories from a “buy” rating to a “hold” rating in a report on Wednesday, February 4th. Needham & Company LLC downgraded Silicon Laboratories from a “buy” rating to a “hold” rating in a research report on Wednesday, February 4th. Finally, KeyCorp lowered shares of Silicon Laboratories from an “overweight” rating to a “hold” rating in a research report on Wednesday, February 4th. One equities research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $167.78.

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.