Vanguard Group Inc. Has $521.81 Million Holdings in Silicon Laboratories, Inc. $SLAB

Key Points

• Vanguard Group increased its stake in Silicon Laboratories by 3.1% in Q4 and now owns 3,992,407 shares — about 12.15% of the company valued at roughly $521.81 million per its latest SEC filing.
• Silicon Laboratories reported revenue up 25.3% year-over-year and topped EPS estimates ($0.56 vs. $0.54), but remains unprofitable with a negative net margin (-8.27%) and negative return on equity.
• Analyst sentiment is mixed-to-cautious: most brokerages rate SLAB a Hold (one Buy, eight Holds, one Sell) with an average price target of about $167.78, amid several recent rating changes.

Vanguard Group Inc. raised its position in Silicon Laboratories, Inc. (NASDAQ:SLAB - Free Report) by 3.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,992,407 shares of the semiconductor company's stock after buying an additional 121,432 shares during the period. Vanguard Group Inc. owned 12.15% of Silicon Laboratories worth $521,808,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its position in shares of Silicon Laboratories by 1,970.7% during the second quarter. AQR Capital Management LLC now owns 370,492 shares of the semiconductor company's stock worth $54,516,000 after purchasing an additional 352,600 shares in the last quarter. Westfield Capital Management Co. LP acquired a new position in shares of Silicon Laboratories during the third quarter worth approximately $44,887,000. Squarepoint Ops LLC lifted its position in shares of Silicon Laboratories by 113.6% during the third quarter. Squarepoint Ops LLC now owns 358,016 shares of the semiconductor company's stock worth $46,947,000 after purchasing an additional 190,421 shares in the last quarter. Comerica Bank lifted its position in shares of Silicon Laboratories by 1,172.6% during the third quarter. Comerica Bank now owns 118,262 shares of the semiconductor company's stock worth $15,508,000 after purchasing an additional 108,969 shares in the last quarter. Finally, Millennium Management LLC lifted its position in shares of Silicon Laboratories by 2,804.1% during the first quarter. Millennium Management LLC now owns 99,842 shares of the semiconductor company's stock worth $11,239,000 after purchasing an additional 96,404 shares in the last quarter.

Silicon Laboratories Price Performance

SLAB opened at $217.00 on Tuesday. The company has a market cap of $7.15 billion, a price-to-earnings ratio of -109.04 and a beta of 1.40. The firm has a 50 day simple moving average of $208.19 and a 200 day simple moving average of $166.94. Silicon Laboratories, Inc. has a fifty-two week low of $102.27 and a fifty-two week high of $218.46.

Silicon Laboratories (NASDAQ:SLAB - Get Free Report) last posted its quarterly earnings results on Wednesday, February 4th. The semiconductor company reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates of $0.54 by $0.02. The business had revenue of $208.21 million during the quarter, compared to the consensus estimate of $207.63 million. Silicon Laboratories had a negative net margin of 8.27% and a negative return on equity of 4.07%. Silicon Laboratories's revenue for the quarter was up 25.3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.11) earnings per share. As a group, analysts expect that Silicon Laboratories, Inc. will post 0.71 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SLAB. Royal Bank Of Canada upped their target price on shares of Silicon Laboratories from $160.00 to $205.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 5th. Citigroup upped their target price on shares of Silicon Laboratories from $135.00 to $231.00 and gave the stock a "neutral" rating in a research report on Friday, February 6th. Benchmark lowered shares of Silicon Laboratories from a "buy" rating to a "hold" rating in a research report on Wednesday, February 4th. Needham & Company LLC lowered shares of Silicon Laboratories from a "buy" rating to a "hold" rating in a research report on Wednesday, February 4th. Finally, KeyCorp downgraded shares of Silicon Laboratories from an "overweight" rating to a "hold" rating in a research note 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. According to data from MarketBeat, Silicon Laboratories currently has an average rating of "Hold" and an average 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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