43,264 Shares in Silicon Laboratories, Inc. $SLAB Purchased by Deutsche Bank AG

Key Points

• Deutsche Bank AG purchased 43,264 shares of Silicon Laboratories in the second quarter, worth approximately $9.46 million and representing about 0.13% of the company.
• Several other institutional investors also initiated positions, including Bank of New York Mellon, which bought approximately $45.7 million worth of shares.
• Analysts maintain a cautious outlook, with a consensus “Reduce” rating and an average price target of $218. Silicon Laboratories modestly beat quarterly earnings expectations, reporting $0.71 in adjusted earnings per share and $228.19 million in revenue, up 18.3% year over year.

Deutsche Bank AG purchased a new stake in Silicon Laboratories, Inc. (NASDAQ:SLAB - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 43,264 shares of the semiconductor company's stock, valued at approximately $9,456,000. Deutsche Bank AG owned approximately 0.13% of Silicon Laboratories as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of SLAB. Global Retirement Partners LLC acquired a new stake in shares of Silicon Laboratories during the 2nd quarter worth approximately $372,000. Alberta Investment Management Corp acquired a new position in shares of Silicon Laboratories in the second quarter valued at $6,557,000. Fielder Capital Group LLC acquired a new position in shares of Silicon Laboratories in the second quarter valued at $301,000. Bank of New York Mellon Corp bought a new position in Silicon Laboratories in the second quarter worth $45,699,000. Finally, GSA Capital Partners LLP bought a new position in Silicon Laboratories in the second quarter worth $2,378,000.

Analyst Upgrades and Downgrades

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

Silicon Laboratories Price Performance

Silicon Laboratories stock opened at $218.00 on Monday. The business has a 50 day simple moving average of $218.29 and a 200 day simple moving average of $213.02. The company has a market capitalization of $7.27 billion, a PE ratio of -184.75 and a beta of 1.37. Silicon Laboratories, Inc. has a one year low of $115.50 and a one year high of $220.90.

Silicon Laboratories (NASDAQ:SLAB - Get Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The semiconductor company reported $0.71 earnings per share for the quarter, beating analysts' consensus estimates 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 firm had revenue of $228.19 million for the quarter, compared to analysts' expectations of $227.99 million. During the same period in the prior year, the business posted $0.11 earnings per share. The business's revenue was up 18.3% compared to the same quarter last year. Equities 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.

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