Credit Industriel ET Commercial Takes $1.43 Million Position in Silicon Laboratories, Inc. $SLAB

Credit Industriel ET Commercial acquired a new position in Silicon Laboratories, Inc. (NASDAQ:SLAB) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 6,880 shares of the semiconductor company’s stock, valued at approximately $1,432,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Vident Advisory LLC raised its holdings in shares of Silicon Laboratories by 2.5% in the fourth quarter. Vident Advisory LLC now owns 3,018 shares of the semiconductor company’s stock worth $394,000 after buying an additional 74 shares during the last quarter. Bank of Montreal Can increased its position in shares of Silicon Laboratories by 2.9% in the 4th quarter. Bank of Montreal Can now owns 3,355 shares of the semiconductor company’s stock valued at $438,000 after acquiring an additional 96 shares during the period. Inspire Investing LLC increased its position in shares of Silicon Laboratories by 3.1% in the 4th quarter. Inspire Investing LLC now owns 3,585 shares of the semiconductor company’s stock valued at $469,000 after acquiring an additional 109 shares during the period. Global Retirement Partners LLC raised its stake in Silicon Laboratories by 37.3% in the 4th quarter. Global Retirement Partners LLC now owns 497 shares of the semiconductor company’s stock worth $65,000 after acquiring an additional 135 shares during the last quarter. Finally, Van Berkom & Associates Inc. lifted its position in Silicon Laboratories by 1.4% during the 4th quarter. Van Berkom & Associates Inc. now owns 10,013 shares of the semiconductor company’s stock worth $1,309,000 after acquiring an additional 140 shares during the period.

Silicon Laboratories Price Performance

NASDAQ SLAB opened at $217.51 on Tuesday. Silicon Laboratories, Inc. has a 1 year low of $115.50 and a 1 year high of $220.90. The company has a market capitalization of $7.17 billion, a PE ratio of -142.49 and a beta of 1.36. The company has a fifty day moving average of $217.96 and a two-hundred day moving average of $194.63.

Silicon Laboratories (NASDAQ:SLAB) last issued its quarterly earnings data on Tuesday, May 5th. The semiconductor company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.04. The company had revenue of $213.50 million during 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%.The firm’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.08) earnings per share. On average, research analysts expect that Silicon Laboratories, Inc. will post 0.74 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Robert Matthew Johnson sold 8,024 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer owned 80,519 shares in the company, valued at $17,458,934.77. This trade represents a 9.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Silicon Laboratories in a research report on Wednesday, June 24th. 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. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $171.43.

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.