Tudor Investment Corp ET AL Makes New $4.72 Million Investment in Silicon Laboratories, Inc. $SLAB

Key Points

• Tudor Investment Corp initiated a new stake in Silicon Laboratories, buying 35,977 shares worth about $4.72 million, representing roughly 0.11% of the company.
• Silicon Labs slightly beat quarterly estimates with $0.56 EPS and $208.21M revenue (revenue +25.3% YoY) but reported a negative net margin (-8.27%) and negative ROE, while analysts hold a consensus "Hold" rating with a $167.78 price target.
• Director Nina Richardson sold 1,355 shares at $149 (a 13.7% reduction), leaving insiders with about 1.60% ownership of the company.

Tudor Investment Corp ET AL purchased a new position in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 35,977 shares of the semiconductor company's stock, valued at approximately $4,718,000. Tudor Investment Corp ET AL owned approximately 0.11% of Silicon Laboratories as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. First Horizon Corp bought a new stake in shares of Silicon Laboratories in the 3rd quarter valued at $35,000. EverSource Wealth Advisors LLC boosted its stake in Silicon Laboratories by 45.7% during the third quarter. EverSource Wealth Advisors LLC now owns 274 shares of the semiconductor company's stock worth $36,000 after acquiring an additional 86 shares in the last quarter. UMB Bank n.a. boosted its stake in Silicon Laboratories by 43.9% during the third quarter. UMB Bank n.a. now owns 282 shares of the semiconductor company's stock worth $37,000 after acquiring an additional 86 shares in the last quarter. Mather Group LLC. acquired a new stake in Silicon Laboratories in the third quarter worth $39,000. Finally, Hantz Financial Services Inc. grew its holdings in Silicon Laboratories by 189.6% in the third quarter. Hantz Financial Services Inc. now owns 362 shares of the semiconductor company's stock worth $47,000 after purchasing an additional 237 shares during the period.

Insiders Place Their Bets

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

Silicon Laboratories Trading Down 0.1%

Shares of SLAB stock opened at $207.07 on Thursday. The firm has a fifty day simple moving average of $188.36 and a two-hundred day simple moving average of $152.44. Silicon Laboratories, Inc. has a 12 month low of $82.82 and a 12 month high of $208.84. The firm has a market capitalization of $6.83 billion, a PE ratio of -104.05 and a beta of 1.46.

Silicon Laboratories (NASDAQ:SLAB - Get Free Report) last released its quarterly earnings data on Wednesday, February 4th. The semiconductor company reported $0.56 earnings per share for the quarter, beating analysts' consensus estimates of $0.54 by $0.02. The firm had revenue of $208.21 million for the quarter, compared to analyst estimates of $207.63 million. Silicon Laboratories had a negative net margin of 8.27% and a negative return on equity of 4.07%. The business's quarterly revenue was up 25.3% compared to the same quarter last year. During the same period last year, the firm earned ($0.11) earnings per share. On average, equities analysts predict that Silicon Laboratories, Inc. will post -0.97 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Weiss Ratings reiterated a "sell (d-)" rating on shares of Silicon Laboratories in a report on Monday, December 29th. Royal Bank Of Canada raised their target price on Silicon Laboratories from $160.00 to $205.00 and gave the company a "sector perform" rating in a research note on Thursday, February 5th. Citigroup boosted their target price on Silicon Laboratories from $135.00 to $231.00 and gave the company a "neutral" rating in a research report on Friday, February 6th. KeyCorp downgraded Silicon Laboratories from an "overweight" rating to a "hold" rating in a research note on Wednesday, February 4th. Finally, Needham & Company LLC lowered Silicon Laboratories from a "buy" rating to a "hold" rating in a report on Wednesday, February 4th. One analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Silicon Laboratories presently has a consensus rating of "Hold" and a consensus price target of $167.78.

About Silicon Laboratories

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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