Capital Fund Management S.A. Increases Stock Holdings in Silicon Laboratories, Inc. $SLAB

Key Points

• Capital Fund Management S.A. increased its stake in Silicon Laboratories by 50.3% in Q3 to 82,161 shares (about $10.77M), representing roughly 0.25% of the company.
• Silicon Labs beat Q results with $0.56 EPS vs. $0.54 expected and revenue up 25.3% year-over-year to $208.2M, but still reports a negative net margin and return on equity and analysts forecast -0.97 EPS for the fiscal year.
• Wall Street sentiment is mixed but consensus is a Hold rating with a $167.78 price target, while some firms have both raised targets (e.g., Citigroup to $231) and downgraded the stock.

Capital Fund Management S.A. increased its position in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB - Free Report) by 50.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 82,161 shares of the semiconductor company's stock after purchasing an additional 27,513 shares during the period. Capital Fund Management S.A. owned 0.25% of Silicon Laboratories worth $10,774,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of SLAB. AQR Capital Management LLC grew its stake in shares of Silicon Laboratories by 1,970.7% in the 2nd quarter. AQR Capital Management LLC now owns 370,492 shares of the semiconductor company's stock valued at $54,516,000 after buying an additional 352,600 shares during the period. Westfield Capital Management Co. LP acquired a new position in Silicon Laboratories in the third quarter valued at about $44,887,000. Norges Bank purchased a new position in Silicon Laboratories during the second quarter worth about $45,857,000. American Century Companies Inc. increased its position in shares of Silicon Laboratories by 26.1% during the second quarter. American Century Companies Inc. now owns 643,142 shares of the semiconductor company's stock valued at $94,774,000 after acquiring an additional 132,964 shares during the last quarter. Finally, Squarepoint Ops LLC increased its position in shares of Silicon Laboratories by 244.1% during the second quarter. Squarepoint Ops LLC now owns 167,595 shares of the semiconductor company's stock valued at $24,697,000 after acquiring an additional 118,883 shares during the last quarter.

Silicon Laboratories Stock Performance

NASDAQ SLAB opened at $202.07 on Friday. The firm has a market cap of $6.66 billion, a price-to-earnings ratio of -101.54 and a beta of 1.46. The firm has a 50 day simple moving average of $177.23 and a 200-day simple moving average of $147.97. Silicon Laboratories, Inc. has a one year low of $82.82 and a one year high of $208.84.

Silicon Laboratories (NASDAQ:SLAB - Get Free Report) last announced its earnings results on Wednesday, February 4th. The semiconductor company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.02. Silicon Laboratories had a negative net margin of 8.27% and a negative return on equity of 4.07%. The firm had revenue of $208.21 million for the quarter, compared to the consensus estimate of $207.63 million. During the same period in the prior year, the firm earned ($0.11) EPS. The firm's revenue for the quarter was up 25.3% on a year-over-year basis. Equities analysts predict that Silicon Laboratories, Inc. will post -0.97 EPS for the current fiscal year.

Insider Buying and Selling at Silicon Laboratories

In other news, Director Nina Richardson sold 1,355 shares of the stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $149.00, for a total value of $201,895.00. Following the sale, the director directly owned 8,543 shares in the company, valued at approximately $1,272,907. This trade represents a 13.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.60% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SLAB. Weiss Ratings restated a "sell (d-)" rating on shares of Silicon Laboratories in a report on Monday, December 29th. Needham & Company LLC downgraded shares of Silicon Laboratories from a "buy" rating to a "hold" rating in a report on Wednesday, February 4th. Royal Bank Of Canada upped their price target on Silicon Laboratories from $160.00 to $205.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 5th. Benchmark lowered Silicon Laboratories from a "buy" rating to a "hold" rating in a research report on Wednesday, February 4th. Finally, Citigroup lifted their price objective on Silicon Laboratories from $135.00 to $231.00 and gave the company a "neutral" rating in a research note on Friday, February 6th. One equities research analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $167.78.

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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