Hsbc Holdings PLC Purchases 4,927 Shares of Silicon Laboratories, Inc. $SLAB

Hsbc Holdings PLC raised its position in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB) by 74.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,558 shares of the semiconductor company’s stock after acquiring an additional 4,927 shares during the period. Hsbc Holdings PLC’s holdings in Silicon Laboratories were worth $1,516,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Tudor Investment Corp ET AL bought a new position in Silicon Laboratories in the 3rd quarter worth approximately $4,718,000. Dynamic Technology Lab Private Ltd boosted its position in shares of Silicon Laboratories by 255.1% in the third quarter. Dynamic Technology Lab Private Ltd now owns 7,030 shares of the semiconductor company’s stock valued at $922,000 after acquiring an additional 5,050 shares during the period. SG Americas Securities LLC grew its stake in shares of Silicon Laboratories by 836.3% in the fourth quarter. SG Americas Securities LLC now owns 49,934 shares of the semiconductor company’s stock worth $6,526,000 after acquiring an additional 44,601 shares during the last quarter. Capital Fund Management S.A. grew its stake in shares of Silicon Laboratories by 50.3% in the third quarter. Capital Fund Management S.A. now owns 82,161 shares of the semiconductor company’s stock worth $10,774,000 after acquiring an additional 27,513 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in Silicon Laboratories by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 3,992,407 shares of the semiconductor company’s stock worth $521,808,000 after acquiring an additional 121,432 shares during the period.

Insider Activity

In other news, CEO Robert Matthew Johnson sold 8,024 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 80,519 shares in the company, valued at approximately $17,458,934.77. The trade was a 9.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Silicon Laboratories in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $171.43.

Silicon Laboratories Stock Down 0.2%

SLAB stock opened at $218.56 on Wednesday. Silicon Laboratories, Inc. has a twelve month low of $115.50 and a twelve month high of $220.90. The company has a market cap of $7.21 billion, a PE ratio of -142.85 and a beta of 1.37. The business’s 50-day simple moving average is $217.66 and its 200 day simple moving average is $192.34.

Silicon Laboratories (NASDAQ:SLAB) last posted its quarterly earnings results on Tuesday, May 5th. The semiconductor company reported $0.53 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $214.02 million. During the same quarter in the prior year, the firm posted ($0.08) EPS. The company’s revenue for the quarter was up 20.1% on a year-over-year basis. On average, equities research analysts anticipate that Silicon Laboratories, Inc. will post 0.74 EPS for the current 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.