179,387 Shares in Silicon Laboratories, Inc. $SLAB Bought by Kryger Capital LLC

Kryger Capital LLC bought a new stake in Silicon Laboratories, Inc. (NASDAQ:SLAB) in the first quarter, HoldingsChannel reports. The fund bought 179,387 shares of the semiconductor company’s stock, valued at approximately $37,339,000. Silicon Laboratories accounts for approximately 2.6% of Kryger Capital LLC’s investment portfolio, making the stock its 14th biggest position.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Tudor Investment Corp ET AL bought a new stake in Silicon Laboratories in the 3rd quarter valued at $4,718,000. SG Americas Securities LLC increased its position in Silicon Laboratories by 836.3% during 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 period. Vanguard Group Inc. raised its stake in Silicon Laboratories by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 3,992,407 shares of the semiconductor company’s stock worth $521,808,000 after purchasing an additional 121,432 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in Silicon Laboratories by 74.3% in the 4th quarter. Hsbc Holdings PLC now owns 11,558 shares of the semiconductor company’s stock valued at $1,516,000 after purchasing an additional 4,927 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in Silicon Laboratories by 395.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 239,318 shares of the semiconductor company’s stock valued at $49,814,000 after purchasing an additional 190,994 shares during the period.

Silicon Laboratories Stock Performance

NASDAQ:SLAB opened at $216.88 on Friday. The company has a market cap of $7.15 billion, a price-to-earnings ratio of -141.75 and a beta of 1.36. Silicon Laboratories, Inc. has a fifty-two week low of $115.50 and a fifty-two week high of $220.90. The stock has a fifty day moving average price of $218.24 and a 200-day moving average price of $202.46.

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

Insider Buying and Selling

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 shares were sold at an average price of $216.83, for a total value of $1,739,843.92. Following the completion of the transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Silicon Laboratories in a report on Wednesday, June 24th. Seven analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Silicon Laboratories presently has an average rating of “Reduce” and a consensus price target of $177.50.

Silicon Laboratories 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.