DLD Asset Management LP Takes Position in Silicon Laboratories, Inc. $SLAB

DLD Asset Management LP bought a new position in Silicon Laboratories, Inc. (NASDAQ:SLAB) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 18,712 shares of the semiconductor company’s stock, valued at approximately $4,090,000. DLD Asset Management LP owned 0.06% of Silicon Laboratories as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of SLAB. Greenland Capital Management LP acquired a new position in Silicon Laboratories during the second quarter valued at $1,296,000. Allworth Financial LP purchased a new stake in Silicon Laboratories in the 2nd quarter worth about $42,000. PCM Encore LLC acquired a new stake in Silicon Laboratories during the 2nd quarter worth about $217,000. Vise Technologies Inc. acquired a new stake in Silicon Laboratories during the 2nd quarter worth about $247,000. Finally, Meeder Advisory Services Inc. purchased a new position in Silicon Laboratories during the 2nd quarter valued at about $213,000.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on SLAB shares. Zacks Research downgraded Silicon Laboratories from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 18th. Weiss Ratings restated a “sell (d-)” rating on shares of Silicon Laboratories in a report on Wednesday, June 24th. Five analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $218.00.

Silicon Laboratories Stock Performance

NASDAQ SLAB opened at $218.00 on Monday. Silicon Laboratories, Inc. has a 1-year low of $115.50 and a 1-year high of $220.90. The firm’s fifty day simple moving average is $218.29 and its 200-day simple moving average is $213.02. The company has a market capitalization of $7.27 billion, a PE ratio of -184.75 and a beta of 1.37.

Silicon Laboratories (NASDAQ:SLAB) last released its quarterly earnings data on Tuesday, August 11th. The semiconductor company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.02. Silicon Laboratories had a negative return on equity of 0.66% and a negative net margin of 4.57%.The firm had revenue of $228.19 million during the quarter, compared to analysts’ expectations of $227.99 million. During the same quarter last year, the firm earned $0.11 earnings per share. The business’s revenue for the quarter was up 18.3% on a year-over-year basis. As a group, analysts predict that Silicon Laboratories, Inc. will post 0.52 EPS for the current 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.