GSA Capital Partners LLP Makes New $2.38 Million Investment in Silicon Laboratories, Inc. $SLAB

Key Points

• GSA Capital Partners initiated a $2.38 million position in Silicon Laboratories by purchasing 10,880 shares during the second quarter. Other major institutional investors, including Vanguard, State Street, Invesco, Geode Capital and AQR, also increased their holdings.
• Silicon Labs reported quarterly revenue of $228.19 million and earnings of $0.71 per share, exceeding analyst estimates, while revenue grew 18.3% year over year. The stock opened at $218.41, near its 52-week high of $220.90.
• Analyst sentiment remains cautious, with a consensus “Reduce” rating, an average price target of $218, and ratings consisting mostly of Holds plus one Sell. Separately, CEO Robert Matthew Johnson sold 8,024 shares, reducing his ownership by 9.06%.

GSA Capital Partners LLP bought a new stake in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,880 shares of the semiconductor company's stock, valued at approximately $2,378,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in Silicon Laboratories by 3.1% in the 4th 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 boosted its stake in Silicon Laboratories by 0.5% during the 2nd 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 last quarter. Invesco Ltd. boosted its stake in Silicon Laboratories by 12.9% during the 4th 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 last quarter. Geode Capital Management LLC grew its holdings in shares of Silicon Laboratories by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 824,771 shares of the semiconductor company's stock worth $107,814,000 after buying an additional 7,921 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of Silicon Laboratories by 89.5% during the third quarter. AQR Capital Management LLC now owns 701,919 shares of the semiconductor company's stock worth $91,109,000 after buying an additional 331,427 shares in the last quarter.

Insider Activity

In related news, CEO Robert Matthew Johnson sold 8,024 shares of the firm's stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $216.83, for a total transaction of $1,739,843.92. Following the completion of the sale, the chief executive officer directly owned 80,519 shares in the company, valued at approximately $17,458,934.77. This trade represents a 9.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.60% of the company's stock.

Silicon Laboratories Stock Performance

NASDAQ:SLAB opened at $218.41 on Friday. Silicon Laboratories, Inc. has a one year low of $115.50 and a one year high of $220.90. The stock has a market cap of $7.29 billion, a PE ratio of -185.09 and a beta of 1.37. The stock has a 50 day moving average price of $218.29 and a 200 day moving average price of $209.88.

Silicon Laboratories (NASDAQ:SLAB - Get Free Report) last released its quarterly earnings data on Tuesday, August 11th. The semiconductor company reported $0.71 earnings per share for the quarter, topping 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 company had revenue of $228.19 million for the quarter, compared to analyst estimates of $227.99 million. During the same quarter 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. As a group, analysts predict that Silicon Laboratories, Inc. will post 0.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a "sell (d-)" rating on shares of Silicon Laboratories in a research note on Wednesday, June 24th. Five investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Reduce" and an average 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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