Moore Capital Management LP Has $5.68 Million Stake in Silicon Laboratories, Inc. $SLAB

Moore Capital Management LP increased its position in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB) by 30.0% in the second quarter, Holdings Channel reports. The institutional investor owned 26,000 shares of the semiconductor company’s stock after buying an additional 6,000 shares during the period. Moore Capital Management LP’s holdings in Silicon Laboratories were worth $5,683,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of SLAB. AQR Capital Management LLC lifted its position in shares of Silicon Laboratories by 43.7% in the first quarter. AQR Capital Management LLC now owns 17,892 shares of the semiconductor company’s stock worth $2,001,000 after purchasing an additional 5,439 shares in the last quarter. Millennium Management LLC increased its stake in Silicon Laboratories by 2,804.1% in the 1st quarter. Millennium Management LLC now owns 99,842 shares of the semiconductor company’s stock valued at $11,239,000 after buying an additional 96,404 shares during the last quarter. Jones Financial Companies Lllp lifted its position in Silicon Laboratories by 121.4% during the 1st quarter. Jones Financial Companies Lllp now owns 496 shares of the semiconductor company’s stock worth $56,000 after buying an additional 272 shares in the last quarter. United Services Automobile Association bought a new stake in Silicon Laboratories during the 1st quarter worth about $235,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Silicon Laboratories by 1.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 97,156 shares of the semiconductor company’s stock worth $10,937,000 after buying an additional 1,679 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on SLAB shares. Zacks Research downgraded Silicon Laboratories from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 18th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Silicon Laboratories in a research 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.com, the stock presently has a consensus rating of “Reduce” and an average target price of $218.00.

Silicon Laboratories Stock Performance

Shares of SLAB stock opened at $218.54 on Monday. Silicon Laboratories, Inc. has a 52-week low of $115.50 and a 52-week high of $220.90. The stock has a market cap of $7.29 billion, a price-to-earnings ratio of -185.20 and a beta of 1.37. The firm’s 50-day moving average is $218.19 and its 200-day moving average is $213.97.

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

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.