Stephens Investment Management Group LLC increased its stake in Silicon Laboratories (NASDAQ:SLAB) by 0.7% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 450,434 shares of the semiconductor company’s stock after purchasing an additional 3,064 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Silicon Laboratories were worth $46,575,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC boosted its holdings in Silicon Laboratories by 866.0% during the 1st quarter. Quadrant Capital Group LLC now owns 995 shares of the semiconductor company’s stock worth $79,000 after acquiring an additional 892 shares during the last quarter. NN Investment Partners Holdings N.V. purchased a new position in Silicon Laboratories during the 2nd quarter worth $165,000. FNY Investment Advisers LLC purchased a new position in Silicon Laboratories during the 1st quarter worth $161,000. World Asset Management Inc purchased a new position in Silicon Laboratories during the 2nd quarter worth $210,000. Finally, Fox Run Management L.L.C. purchased a new position in Silicon Laboratories during the 2nd quarter worth $245,000. Institutional investors own 91.44% of the company’s stock.
A number of equities analysts have issued reports on SLAB shares. Zacks Investment Research downgraded shares of Silicon Laboratories from a “buy” rating to a “hold” rating in a report on Saturday, July 13th. Roth Capital boosted their price target on shares of Silicon Laboratories from $120.00 to $130.00 in a report on Thursday, July 25th. ValuEngine raised shares of Silicon Laboratories from a “hold” rating to a “buy” rating in a report on Friday, April 19th. BidaskClub downgraded shares of Silicon Laboratories from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. Finally, Wells Fargo & Co started coverage on shares of Silicon Laboratories in a report on Tuesday, June 25th. They issued an “outperform” rating and a $125.00 price target on the stock. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $109.70.
Shares of NASDAQ:SLAB traded up $0.44 during midday trading on Thursday, reaching $103.41. The company had a trading volume of 4,167 shares, compared to its average volume of 358,622. The stock has a 50 day simple moving average of $105.98. The company has a debt-to-equity ratio of 0.34, a quick ratio of 5.91 and a current ratio of 6.47. The stock has a market capitalization of $4.51 billion, a PE ratio of 36.24, a P/E/G ratio of 3.13 and a beta of 1.57. Silicon Laboratories has a 52-week low of $73.13 and a 52-week high of $115.29.
Silicon Laboratories (NASDAQ:SLAB) last issued its quarterly earnings results on Wednesday, July 24th. The semiconductor company reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.03. The company had revenue of $206.71 million for the quarter, compared to the consensus estimate of $206.57 million. Silicon Laboratories had a net margin of 3.84% and a return on equity of 9.97%. The firm’s quarterly revenue was down 4.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.92 EPS. On average, equities research analysts forecast that Silicon Laboratories will post 2.07 earnings per share for the current fiscal year.
Silicon Laboratories Company Profile
Silicon Laboratories Inc, a fabless semiconductor company, designs, develops, and markets mixed-signal integrated circuits (ICs) in the United States, China, and internationally. The company offers Internet of things products, including 8-bit mixed-signal, 32-bit wireless, and ultra-low-power 32-bit microcontrollers; wireless connectivity devices, such as multiprotocol wireless Gecko system-on-chip devices; real-time operating systems; sensor products comprising optical, relative humidity/temperature, and hall effect magnetic sensors.
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