Kintayl Capital LP Invests $11.56 Million in Silicon Laboratories, Inc. $SLAB

Key Points

• Kintayl Capital LP initiated an approximately $11.56 million position in Silicon Laboratories, purchasing 52,875 shares and making SLAB its third-largest holding at 4.6% of the portfolio.
• Silicon Laboratories recently reported quarterly EPS of $0.71, ahead of the $0.69 consensus, while revenue rose 18.3% year over year to $228.19 million. Shares opened at $218.37, near their 12-month high.
• Analyst sentiment remains cautious: five analysts rate SLAB as a Hold and two as Sell, resulting in a consensus “Reduce” rating and a $218 target price.

Kintayl Capital LP purchased a new position in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 52,875 shares of the semiconductor company's stock, valued at approximately $11,556,000. Silicon Laboratories comprises about 4.6% of Kintayl Capital LP's holdings, making the stock its 3rd largest holding. Kintayl Capital LP owned 0.16% of Silicon Laboratories at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SLAB. Harbor Investment Advisory LLC bought a new stake in shares of Silicon Laboratories during the 2nd quarter valued at $28,000. Allworth Financial LP bought a new position in shares of Silicon Laboratories in the 2nd quarter worth $42,000. EverSource Wealth Advisors LLC grew its stake in shares of Silicon Laboratories by 66.7% during the first quarter. EverSource Wealth Advisors LLC now owns 225 shares of the semiconductor company's stock worth $47,000 after purchasing an additional 90 shares during the period. Kestra Advisory Services LLC acquired a new stake in shares of Silicon Laboratories during the fourth quarter worth $32,000. Finally, Covestor Ltd increased its holdings in Silicon Laboratories by 260.3% in the fourth quarter. Covestor Ltd now owns 281 shares of the semiconductor company's stock valued at $37,000 after purchasing an additional 203 shares during the last quarter.

Silicon Laboratories Stock Up 0.1%

Shares of NASDAQ SLAB opened at $218.37 on Wednesday. The company's fifty day moving average is $218.22 and its 200-day moving average is $213.70. The stock has a market cap of $7.29 billion, a price-to-earnings ratio of -185.06 and a beta of 1.37. Silicon Laboratories, Inc. has a twelve month low of $115.50 and a twelve month high of $220.90.

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Weiss Ratings reissued a "sell (d-)" rating on shares of Silicon Laboratories in a research note on Wednesday, June 24th. Zacks Research lowered 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's stock. According to MarketBeat, Silicon Laboratories currently has a consensus rating of "Reduce" and a consensus target price of $218.00.

Silicon Laboratories 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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