XTX Topco Ltd Acquires New Holdings in Silicon Laboratories Inc. (NASDAQ:SLAB)

XTX Topco Ltd bought a new position in shares of Silicon Laboratories Inc. (NASDAQ:SLAB) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,919 shares of the semiconductor company’s stock, valued at approximately $212,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of Silicon Laboratories by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 3,489,160 shares of the semiconductor company’s stock worth $501,462,000 after purchasing an additional 24,997 shares during the last quarter. Capital Research Global Investors raised its holdings in shares of Silicon Laboratories by 29.9% in the first quarter. Capital Research Global Investors now owns 1,217,939 shares of the semiconductor company’s stock worth $175,042,000 after acquiring an additional 280,000 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Silicon Laboratories by 2.0% in the second quarter. Dimensional Fund Advisors LP now owns 639,065 shares of the semiconductor company’s stock valued at $70,699,000 after acquiring an additional 12,680 shares in the last quarter. Van Berkom & Associates Inc. boosted its stake in shares of Silicon Laboratories by 8.4% during the second quarter. Van Berkom & Associates Inc. now owns 609,232 shares of the semiconductor company’s stock valued at $67,399,000 after acquiring an additional 47,058 shares during the last quarter. Finally, Federated Hermes Inc. increased its position in Silicon Laboratories by 2.2% during the 2nd quarter. Federated Hermes Inc. now owns 545,833 shares of the semiconductor company’s stock worth $60,386,000 after purchasing an additional 11,981 shares in the last quarter.

Silicon Laboratories Trading Down 1.1 %

Shares of SLAB opened at $116.53 on Monday. Silicon Laboratories Inc. has a twelve month low of $74.56 and a twelve month high of $154.91. The firm has a market capitalization of $3.76 billion, a P/E ratio of -35.21 and a beta of 1.19. The stock’s fifty day simple moving average is $110.47 and its 200 day simple moving average is $119.04.

Silicon Laboratories (NASDAQ:SLAB) last released its quarterly earnings data on Wednesday, July 24th. The semiconductor company reported ($0.56) EPS for the quarter, topping analysts’ consensus estimates of ($0.64) by $0.08. Silicon Laboratories had a negative return on equity of 9.13% and a negative net margin of 36.53%. The company had revenue of $145.40 million for the quarter, compared to the consensus estimate of $140.18 million. During the same period last year, the business posted $0.59 EPS. The company’s quarterly revenue was down 40.6% compared to the same quarter last year. Sell-side analysts predict that Silicon Laboratories Inc. will post -3.41 earnings per share for the current year.

Insider Buying and Selling at Silicon Laboratories

In other news, SVP Brandon Tolany sold 845 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $115.00, for a total value of $97,175.00. Following the completion of the sale, the senior vice president now owns 43,615 shares of the company’s stock, valued at $5,015,725. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.72% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

SLAB has been the topic of several analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $150.00 price target on shares of Silicon Laboratories in a research note on Thursday, July 25th. StockNews.com raised Silicon Laboratories to a “sell” rating in a research note on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Silicon Laboratories has an average rating of “Hold” and a consensus target price of $135.00.

Silicon Laboratories Profile

Silicon Laboratories Inc, a fabless semiconductor company, provides various analog-intensive mixed-signal solutions in the United States, China, Taiwan, and internationally. The company's products include wireless microcontrollers and sensor products. Its products are used in various electronic products in a range of applications for the industrial Internet of Things (IoT), including industrial automation and control, smart buildings, access control, HVAC control, and industrial wearables and power tools; smart cities applications, such as smart metering, smart street lighting, renewable energy, electric vehicle supply equipment, and smart agriculture; commercial IoT applications, including smart lighting, asset tracking, electronic shelf labels, theft protection, and enterprise access points; smart home applications, comprising home automation/security systems, smart speakers, smart lighting, HVAC control, smart cameras, smart appliances, smart home sensing, smart locks, and window/blind controls; and connected health applications, including diabetes management, consumer health and fitness, elderly care, patient monitoring, and activity tracking; as well as in commercial building automation, consumer electronics, and medical instrumentation.