Carlson Capital L.P. Makes New $770,000 Investment in Silicon Laboratories, Inc. $SLAB

Carlson Capital L.P. bought a new stake in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 3,700 shares of the semiconductor company’s stock, valued at approximately $770,000.

Other hedge funds also recently modified their holdings of the company. Vident Advisory LLC raised its stake in shares of Silicon Laboratories by 2.5% during the fourth quarter. Vident Advisory LLC now owns 3,018 shares of the semiconductor company’s stock worth $394,000 after buying an additional 74 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Silicon Laboratories by 66.7% in the first quarter. EverSource Wealth Advisors LLC now owns 225 shares of the semiconductor company’s stock valued at $47,000 after buying an additional 90 shares during the period. Bank of Montreal Can boosted its stake in Silicon Laboratories by 2.9% in the fourth quarter. Bank of Montreal Can now owns 3,355 shares of the semiconductor company’s stock valued at $438,000 after acquiring an additional 96 shares during the last quarter. State of Michigan Retirement System boosted its stake in Silicon Laboratories by 1.3% in 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 acquiring an additional 100 shares during the last quarter. Finally, Inspire Investing LLC grew its holdings in Silicon Laboratories by 3.1% during the 4th quarter. Inspire Investing LLC now owns 3,585 shares of the semiconductor company’s stock worth $469,000 after acquiring an additional 109 shares during the period.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Silicon Laboratories in a research note on Wednesday, June 24th. Seven investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Silicon Laboratories has an average rating of “Reduce” and a consensus price target of $177.50.

Insider Transactions at Silicon Laboratories

In related news, CEO Robert Matthew Johnson sold 8,024 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $216.83, for a total transaction of $1,739,843.92. Following the completion of the sale, the chief executive officer directly owned 80,519 shares of the company’s stock, valued at approximately $17,458,934.77. This represents a 9.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.60% of the company’s stock.

Silicon Laboratories Trading Up 0.3%

Shares of Silicon Laboratories stock opened at $217.50 on Friday. The company has a market capitalization of $7.17 billion, a PE ratio of -142.16 and a beta of 1.36. Silicon Laboratories, Inc. has a 12 month low of $115.50 and a 12 month high of $220.90. The stock’s fifty day simple moving average is $218.26 and its 200 day simple moving average is $204.98.

Silicon Laboratories (NASDAQ:SLAB) last announced its quarterly earnings results on Tuesday, May 5th. The semiconductor company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.04. Silicon Laboratories had a negative return on equity of 2.18% and a negative net margin of 6.13%.The company had revenue of $213.50 million during the quarter, compared to the consensus estimate of $214.02 million. During the same period in the prior year, the company earned ($0.08) earnings per share. The company’s revenue for the quarter was up 20.1% compared to the same quarter last year. Analysts predict that Silicon Laboratories, Inc. will post 0.74 EPS 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.