S Squared Technology LLC Buys New Position in Silicon Laboratories, Inc. $SLAB

Key Points

• S Squared Technology LLC initiated a position in Silicon Laboratories, purchasing 10,730 shares in the second quarter. The stake represents about 0.7% of the firm’s portfolio and is its 28th-largest holding.
• Analyst sentiment remains cautious: five analysts rate SLAB a Hold and two rate it a Sell, resulting in an average “Reduce” rating and a $218 price target—roughly in line with the stock’s $218.08 opening price.
• Silicon Laboratories exceeded quarterly expectations, reporting $0.71 in adjusted EPS versus $0.69 expected and $228.19 million in revenue. Revenue increased 18.3% year over year, despite the company posting a negative net margin.

S Squared Technology LLC purchased a new position in Silicon Laboratories, Inc. (NASDAQ:SLAB - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 10,730 shares of the semiconductor company's stock, valued at approximately $2,345,149,000. Silicon Laboratories accounts for about 0.7% of S Squared Technology LLC's portfolio, making the stock its 28th biggest position.

Other large investors have also added to or reduced their stakes in the company. Vident Advisory LLC raised its holdings in Silicon Laboratories by 2.5% in the 4th quarter. Vident Advisory LLC now owns 3,018 shares of the semiconductor company's stock worth $394,000 after purchasing an additional 74 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Silicon Laboratories by 66.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 225 shares of the semiconductor company's stock valued at $47,000 after purchasing an additional 90 shares in the last quarter. Bank of Montreal Can increased its position in shares of Silicon Laboratories by 2.9% during the fourth quarter. Bank of Montreal Can now owns 3,355 shares of the semiconductor company's stock valued at $438,000 after buying an additional 96 shares during the period. State of Michigan Retirement System increased its position in shares of Silicon Laboratories by 1.3% during the first quarter. State of Michigan Retirement System now owns 7,897 shares of the semiconductor company's stock valued at $1,644,000 after buying an additional 100 shares during the period. Finally, Inspire Investing LLC raised its stake in Silicon Laboratories by 3.1% in the fourth quarter. Inspire Investing LLC now owns 3,585 shares of the semiconductor company's stock worth $469,000 after buying an additional 109 shares in the last quarter.

Analysts Set New Price Targets

Several brokerages have commented on SLAB. Weiss Ratings restated a "sell (d-)" rating on shares of Silicon Laboratories in a report on Wednesday, June 24th. Zacks Research downgraded Silicon Laboratories from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 18th. Five investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Silicon Laboratories has an average rating of "Reduce" and an average target price of $218.00.

Silicon Laboratories Trading Up 0.0%

Shares of SLAB stock opened at $218.08 on Tuesday. Silicon Laboratories, Inc. has a 12 month low of $115.50 and a 12 month high of $220.90. The stock has a market cap of $7.28 billion, a PE ratio of -184.81 and a beta of 1.37. The company's fifty day moving average price is $218.24 and its 200-day moving average price is $213.59.

Silicon Laboratories (NASDAQ:SLAB - Get Free Report) last released its earnings results 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 net margin of 4.57% and a negative return on equity of 0.66%. The firm had revenue of $228.19 million for the quarter, compared to the consensus estimate of $227.99 million. During the same period in the prior year, the firm earned $0.11 EPS. The company's revenue was up 18.3% compared to the same quarter last year. On average, sell-side analysts forecast 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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