Silicon Laboratories, Inc. $SLAB Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. raised its holdings in Silicon Laboratories, Inc. (NASDAQ:SLAB) by 395.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 239,318 shares of the semiconductor company’s stock after purchasing an additional 190,994 shares during the period. Assenagon Asset Management S.A. owned 0.73% of Silicon Laboratories worth $49,814,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Tudor Investment Corp ET AL purchased a new stake in shares of Silicon Laboratories in the third quarter valued at $4,718,000. Dynamic Technology Lab Private Ltd increased its position in Silicon Laboratories by 255.1% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 7,030 shares of the semiconductor company’s stock worth $922,000 after purchasing an additional 5,050 shares in the last quarter. Westfield Capital Management Co. LP purchased a new stake in Silicon Laboratories during the 3rd quarter worth about $44,887,000. SG Americas Securities LLC raised its stake in Silicon Laboratories by 836.3% in the 4th quarter. SG Americas Securities LLC now owns 49,934 shares of the semiconductor company’s stock valued at $6,526,000 after purchasing an additional 44,601 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Silicon Laboratories by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 3,870,975 shares of the semiconductor company’s stock valued at $507,601,000 after purchasing an additional 73,773 shares in the last quarter.

Insider Buying and Selling at Silicon Laboratories

In other news, CEO Robert Matthew Johnson sold 8,024 shares of the business’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 sale, the chief executive officer owned 80,519 shares in the company, valued at approximately $17,458,934.77. The trade was a 9.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is owned by corporate insiders.

Silicon Laboratories Stock Down 0.0%

Shares of SLAB opened at $217.95 on Friday. Silicon Laboratories, Inc. has a fifty-two week low of $115.50 and a fifty-two week high of $220.90. The company’s fifty day moving average is $217.28 and its two-hundred day moving average is $190.73. The firm has a market cap of $7.19 billion, a PE ratio of -142.45 and a beta of 1.37.

Silicon Laboratories (NASDAQ:SLAB) last issued its earnings results on Tuesday, May 5th. The semiconductor company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.04. The business had revenue of $213.50 million for the quarter, compared to analyst estimates of $214.02 million. Silicon Laboratories had a negative return on equity of 2.18% and a negative net margin of 6.13%.The business’s quarterly revenue was up 20.1% on a year-over-year basis. During the same period last year, the company posted ($0.08) EPS. As a group, equities research analysts anticipate that Silicon Laboratories, Inc. will post 0.74 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Silicon Laboratories in a research note on Friday, March 27th. One research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Silicon Laboratories presently has a consensus rating of “Hold” and a consensus price target of $171.43.

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.