OxFORD Asset Management LLP lessened its position in Silicon Laboratories, Inc. (NASDAQ:SLAB) by 40.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,690 shares of the semiconductor company’s stock after selling 8,721 shares during the quarter. OxFORD Asset Management LLP’s holdings in Silicon Laboratories were worth $1,016,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Quantbot Technologies LP acquired a new position in shares of Silicon Laboratories during the 2nd quarter worth about $102,000. Advisors Asset Management Inc. boosted its position in shares of Silicon Laboratories by 75.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,292 shares of the semiconductor company’s stock valued at $103,000 after purchasing an additional 554 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Silicon Laboratories by 10.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,623 shares of the semiconductor company’s stock valued at $111,000 after purchasing an additional 148 shares during the period. Riverhead Capital Management LLC boosted its position in shares of Silicon Laboratories by 76.7% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,297 shares of the semiconductor company’s stock valued at $157,000 after purchasing an additional 997 shares during the period. Finally, BT Investment Management Ltd acquired a new stake in shares of Silicon Laboratories in the 2nd quarter valued at about $202,000. 90.80% of the stock is owned by hedge funds and other institutional investors.
Shares of Silicon Laboratories, Inc. (NASDAQ SLAB) traded up $0.15 during trading hours on Friday, reaching $95.10. The company’s stock had a trading volume of 144,843 shares, compared to its average volume of 191,383. The firm has a market cap of $4,041.56, a PE ratio of 56.95, a PEG ratio of 2.45 and a beta of 1.37. The company has a current ratio of 5.66, a quick ratio of 5.20 and a debt-to-equity ratio of 0.40. Silicon Laboratories, Inc. has a 52-week low of $63.15 and a 52-week high of $96.93.
Silicon Laboratories (NASDAQ:SLAB) last announced its earnings results on Wednesday, October 25th. The semiconductor company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.09. Silicon Laboratories had a return on equity of 11.06% and a net margin of 9.60%. The firm had revenue of $198.70 million for the quarter, compared to analysts’ expectations of $196.20 million. During the same quarter in the prior year, the firm earned $0.77 EPS. Silicon Laboratories’s quarterly revenue was up 11.6% on a year-over-year basis. equities analysts anticipate that Silicon Laboratories, Inc. will post 2.27 EPS for the current year.
In related news, CFO John C. Hollister sold 2,000 shares of the stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $88.45, for a total value of $176,900.00. Following the transaction, the chief financial officer now directly owns 64,767 shares of the company’s stock, valued at approximately $5,728,641.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director William G. Bock sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $89.24, for a total value of $223,100.00. Following the completion of the transaction, the director now directly owns 43,426 shares in the company, valued at $3,875,336.24. The disclosure for this sale can be found here. Insiders sold a total of 14,700 shares of company stock worth $1,337,650 over the last ninety days. Corporate insiders own 34.82% of the company’s stock.
SLAB has been the subject of a number of research analyst reports. Canaccord Genuity reissued a “buy” rating and issued a $95.00 target price (up from $85.00) on shares of Silicon Laboratories in a research report on Tuesday, October 10th. B. Riley upped their price objective on Silicon Laboratories from $90.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Zacks Investment Research downgraded Silicon Laboratories from a “buy” rating to a “hold” rating in a research note on Tuesday, September 19th. BidaskClub downgraded Silicon Laboratories from a “buy” rating to a “hold” rating in a research note on Wednesday, December 27th. Finally, Barclays increased their target price on Silicon Laboratories from $72.00 to $86.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 18th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Silicon Laboratories has a consensus rating of “Buy” and an average price target of $99.44.
Silicon Laboratories Profile
Silicon Laboratories Inc is a provider of silicon, software and solutions for the Internet of Things (IoT), Internet infrastructure, industrial, consumer and automotive markets. The Company operates through mixed-signal analog intensive products segment. It provides analog-intensive, mixed-signal solutions for use in a range of electronic products in various applications for the IoT market.
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