Headlands Technologies LLC Invests $3.02 Million in Silicon Laboratories, Inc. $SLAB

Headlands Technologies LLC purchased a new position in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB) during the 2nd quarter, Holdings Channel.com reports. The firm purchased 13,828 shares of the semiconductor company’s stock, valued at approximately $3,022,000.

Other hedge funds have also added to or reduced their stakes in the company. Harbor Investment Advisory LLC acquired a new position in Silicon Laboratories during the second quarter valued at approximately $28,000. Allworth Financial LP acquired a new stake in shares of Silicon Laboratories in the 2nd quarter valued at $42,000. EverSource Wealth Advisors LLC increased its stake in shares of Silicon Laboratories by 66.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 225 shares of the semiconductor company’s stock valued at $47,000 after purchasing an additional 90 shares during the last quarter. Kestra Advisory Services LLC bought a new position in shares of Silicon Laboratories in the 4th quarter valued at $32,000. Finally, Covestor Ltd raised its holdings in shares of Silicon Laboratories by 260.3% during the 4th quarter. Covestor Ltd now owns 281 shares of the semiconductor company’s stock worth $37,000 after buying an additional 203 shares in the last quarter.

Analyst Ratings Changes

Several research firms recently weighed in on SLAB. Zacks Research lowered Silicon Laboratories from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 18th. Weiss Ratings reissued a “sell (d-)” rating on shares of Silicon Laboratories in a research note on Wednesday, June 24th. Five research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $218.00.

Silicon Laboratories Price Performance

NASDAQ SLAB opened at $218.54 on Monday. The company has a market cap of $7.29 billion, a price-to-earnings ratio of -185.20 and a beta of 1.37. Silicon Laboratories, Inc. has a twelve month low of $115.50 and a twelve month high of $220.90. The business’s fifty day moving average is $218.19 and its 200 day moving average is $213.97.

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