Kapitalo Investimentos Ltda Acquires New Holdings in Silicon Laboratories, Inc. $SLAB

Kapitalo Investimentos Ltda bought a new position in Silicon Laboratories, Inc. (NASDAQ:SLAB) in the 1st quarter, HoldingsChannel reports. The fund bought 6,867 shares of the semiconductor company’s stock, valued at approximately $1,429,000.

Several other large investors also recently made changes to their positions in the company. Parallel Advisors LLC boosted its position in shares of Silicon Laboratories by 18.4% during the first quarter. Parallel Advisors LLC now owns 1,276 shares of the semiconductor company’s stock worth $266,000 after buying an additional 198 shares during the period. SEB Asset Management AB acquired a new stake in Silicon Laboratories in the 1st quarter valued at approximately $1,562,000. Swiss National Bank increased its position in Silicon Laboratories by 0.3% in the 1st quarter. Swiss National Bank now owns 65,000 shares of the semiconductor company’s stock valued at $13,530,000 after acquiring an additional 200 shares during the period. California Public Employees Retirement System raised its stake in Silicon Laboratories by 6.8% during the 1st quarter. California Public Employees Retirement System now owns 64,276 shares of the semiconductor company’s stock valued at $13,379,000 after acquiring an additional 4,091 shares in the last quarter. Finally, State of Michigan Retirement System raised its stake in Silicon Laboratories by 1.3% during the 1st 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 in the last quarter.

Insider Buying and Selling at Silicon Laboratories

In related news, CEO Robert Matthew Johnson sold 8,024 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer owned 80,519 shares of the company’s stock, valued at $17,458,934.77. This trade represents a 9.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.60% of the stock is currently owned by company insiders.

Silicon Laboratories Price Performance

Shares of NASDAQ:SLAB opened at $217.36 on Tuesday. Silicon Laboratories, Inc. has a 12 month low of $115.50 and a 12 month high of $220.90. The stock has a market cap of $7.17 billion, a price-to-earnings ratio of -142.07 and a beta of 1.36. The stock’s 50 day moving average price is $218.23 and its 200 day moving average price is $200.54.

Silicon Laboratories (NASDAQ:SLAB) last issued its quarterly earnings results on Tuesday, May 5th. The semiconductor company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $213.50 million during the quarter, compared to analyst estimates of $214.02 million. During the same period last year, the company posted ($0.08) EPS. The firm’s quarterly revenue was up 20.1% on a year-over-year basis. On average, sell-side analysts expect that Silicon Laboratories, Inc. will post 0.74 EPS for the current year.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Silicon Laboratories in a research note on Wednesday, June 24th. Eight research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $172.00.

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.