6,204 Shares in Silicon Laboratories, Inc. $SLAB Purchased by Athos Capital Ltd

Key Points

• Athos Capital Ltd. acquired 6,204 shares of Silicon Laboratories in the second quarter, valued at approximately $1.36 million and representing 0.5% of its portfolio. Several other institutional investors also initiated positions.
• Analyst sentiment remains cautious: Silicon Laboratories has a consensus rating of “Reduce”, with five analysts rating it a Hold and two a Sell; the average price target is $218.
• Despite the negative outlook, the company’s latest quarterly results slightly exceeded expectations, with EPS of $0.71 versus $0.69 expected and revenue of $228.19 million, up 18.3% year over year.

Athos Capital Ltd acquired a new stake in Silicon Laboratories, Inc. (NASDAQ:SLAB - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm acquired 6,204 shares of the semiconductor company's stock, valued at approximately $1,356,000. Silicon Laboratories comprises approximately 0.5% of Athos Capital Ltd's holdings, making the stock its 24th largest holding.

Other large investors have also made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Silicon Laboratories in the second quarter worth about $1,085,000. DLD Asset Management LP acquired a new stake in shares of Silicon Laboratories during the 2nd quarter worth approximately $4,090,000. Greenland Capital Management LP bought a new stake in shares of Silicon Laboratories during the second quarter worth approximately $1,296,000. Allworth Financial LP acquired a new position in Silicon Laboratories in the second quarter valued at approximately $42,000. Finally, PCM Encore LLC bought a new position in Silicon Laboratories in the second quarter valued at approximately $217,000.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on SLAB shares. Weiss Ratings reissued a "sell (d-)" rating on shares of Silicon Laboratories in a research note on Wednesday, June 24th. Zacks Research cut shares of Silicon Laboratories from a "hold" rating to a "strong sell" rating in a 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.com, the company presently has a consensus rating of "Reduce" and an average target price of $218.00.

Silicon Laboratories Stock Performance

Shares of SLAB opened at $218.00 on Monday. The stock has a market capitalization of $7.27 billion, a price-to-earnings ratio of -184.75 and a beta of 1.37. Silicon Laboratories, Inc. has a 12 month low of $115.50 and a 12 month high of $220.90. The firm has a fifty day simple moving average of $218.29 and a 200 day simple moving average of $213.02.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source