Tidal Investments LLC Acquires Shares of 4,496 Silicon Laboratories Inc. (NASDAQ:SLAB)

Tidal Investments LLC acquired a new position in shares of Silicon Laboratories Inc. (NASDAQ:SLAB) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 4,496 shares of the semiconductor company’s stock, valued at approximately $520,000.

A number of other institutional investors also recently bought and sold shares of the business. Point72 Asset Management L.P. acquired a new stake in shares of Silicon Laboratories during the 3rd quarter worth about $7,408,000. Intech Investment Management LLC increased its position in shares of Silicon Laboratories by 82.9% during the third quarter. Intech Investment Management LLC now owns 12,837 shares of the semiconductor company’s stock worth $1,484,000 after purchasing an additional 5,818 shares in the last quarter. Barclays PLC lifted its stake in Silicon Laboratories by 23.4% in the third quarter. Barclays PLC now owns 70,568 shares of the semiconductor company’s stock valued at $8,157,000 after buying an additional 13,363 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in shares of Silicon Laboratories by 84.0% in the second quarter. Clearbridge Investments LLC now owns 273,776 shares of the semiconductor company’s stock valued at $30,288,000 after acquiring an additional 125,022 shares during the period. Finally, Premier Fund Managers Ltd purchased a new position in shares of Silicon Laboratories during the third quarter worth approximately $934,000.

Wall Street Analyst Weigh In

SLAB has been the subject of several research reports. JPMorgan Chase & Co. reduced their price target on shares of Silicon Laboratories from $150.00 to $135.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Stifel Nicolaus lowered their price target on Silicon Laboratories from $160.00 to $135.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. StockNews.com raised Silicon Laboratories to a “sell” rating in a research report on Friday, November 8th. Barclays dropped their target price on Silicon Laboratories from $120.00 to $75.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 5th. Finally, Benchmark reiterated a “hold” rating on shares of Silicon Laboratories in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $122.44.

Silicon Laboratories Trading Up 0.9 %

Shares of SLAB opened at $125.00 on Monday. Silicon Laboratories Inc. has a twelve month low of $94.00 and a twelve month high of $154.91. The firm has a market capitalization of $4.06 billion, a P/E ratio of -16.89 and a beta of 1.21. The firm’s 50-day moving average is $113.22 and its two-hundred day moving average is $112.97.

Silicon Laboratories (NASDAQ:SLAB) last posted its earnings results on Monday, November 4th. The semiconductor company reported ($0.13) EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.07. The company had revenue of $166.00 million for the quarter, compared to the consensus estimate of $165.50 million. Silicon Laboratories had a negative return on equity of 12.60% and a negative net margin of 46.93%. Silicon Laboratories’s quarterly revenue was down 18.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.48 earnings per share. Analysts predict that Silicon Laboratories Inc. will post -3.56 EPS for the current year.

Silicon Laboratories Company 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.