13,828 Shares in Silicon Laboratories, Inc. $SLAB Purchased by Headlands Technologies LLC

Key Points

• Headlands Technologies purchased 13,828 shares of Silicon Laboratories worth approximately $3.02 million during the second quarter. BlackRock also established a major new position valued at about $1.14 billion, while other large institutions increased their holdings.
• Silicon Laboratories reported quarterly EPS of $0.71, exceeding estimates of $0.69, while revenue rose 18.3% year over year to $228.19 million. The company posted a negative net margin of 4.57% and analysts expect $0.52 in EPS for the full year.
• SLAB shares opened at $218.54, near their 12-month high of $220.90. Analyst sentiment remains cautious, with a consensus “Reduce” rating, including five Holds and two Sells, and an average price target of $218.

Headlands Technologies LLC purchased a new stake in Silicon Laboratories, Inc. (NASDAQ:SLAB - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 13,828 shares of the semiconductor company's stock, valued at approximately $3,022,000.

Several other large investors have also recently bought and sold shares of SLAB. BlackRock Inc. bought a new stake in shares of Silicon Laboratories during the second quarter worth approximately $1,135,435,000. Vanguard Group Inc. grew its position in shares of Silicon Laboratories by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 3,992,407 shares of the semiconductor company's stock valued at $521,808,000 after purchasing an additional 121,432 shares during the last quarter. State Street Corp increased its stake in shares of Silicon Laboratories by 0.5% during the second quarter. State Street Corp now owns 1,517,813 shares of the semiconductor company's stock worth $223,665,000 after purchasing an additional 7,139 shares during the period. Invesco Ltd. increased its stake in shares of Silicon Laboratories by 12.9% during the fourth quarter. Invesco Ltd. now owns 852,493 shares of the semiconductor company's stock worth $111,421,000 after purchasing an additional 97,351 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Silicon Laboratories by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 824,771 shares of the semiconductor company's stock worth $107,814,000 after purchasing an additional 7,921 shares during the last quarter.

Silicon Laboratories Price Performance

Shares of NASDAQ:SLAB opened at $218.54 on Monday. Silicon Laboratories, Inc. has a 12-month low of $115.50 and a 12-month high of $220.90. The company's 50 day moving average price is $218.19 and its two-hundred day moving average price is $213.97. The firm has a market cap of $7.29 billion, a PE ratio of -185.20 and a beta of 1.37.

Silicon Laboratories (NASDAQ:SLAB - Get Free Report) last issued its quarterly earnings results on Tuesday, August 11th. The semiconductor company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.02. Silicon Laboratories had a negative return on equity of 0.66% and a negative net margin of 4.57%.The business had revenue of $228.19 million during the quarter, compared to analysts' expectations of $227.99 million. During the same period in the previous year, the company posted $0.11 earnings per share. The firm's revenue for the quarter was up 18.3% compared to the same quarter last year. On average, research analysts expect that Silicon Laboratories, Inc. will post 0.52 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have commented on the company. Zacks Research lowered Silicon Laboratories from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 18th. Weiss Ratings reissued a "sell (d-)" rating on shares of Silicon Laboratories in a report on Wednesday, June 24th. Five research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus price target of $218.00.

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.

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