Auxano Advisors LLC Invests $1.03 Million in Silicon Laboratories, Inc. $SLAB

Auxano Advisors LLC bought a new position in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 7,888 shares of the semiconductor company’s stock, valued at approximately $1,031,000.

A number of other hedge funds also recently modified their holdings of the stock. 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. State Street Corp increased its holdings in Silicon Laboratories by 0.5% in the 2nd quarter. State Street Corp now owns 1,517,813 shares of the semiconductor company’s stock valued at $223,665,000 after buying an additional 7,139 shares during the period. Invesco Ltd. increased its holdings in Silicon Laboratories by 3.5% in the 3rd quarter. Invesco Ltd. now owns 755,142 shares of the semiconductor company’s stock valued at $99,022,000 after buying an additional 25,273 shares during the period. AQR Capital Management LLC increased its holdings in Silicon Laboratories by 89.5% in the 3rd quarter. AQR Capital Management LLC now owns 701,919 shares of the semiconductor company’s stock valued at $91,109,000 after buying an additional 331,427 shares during the period. Finally, Thrivent Financial for Lutherans increased its holdings in Silicon Laboratories by 312.9% in the 4th quarter. Thrivent Financial for Lutherans now owns 467,958 shares of the semiconductor company’s stock valued at $61,162,000 after buying an additional 354,621 shares during the period.

Silicon Laboratories Stock Performance

NASDAQ:SLAB opened at $216.60 on Tuesday. The firm’s fifty day moving average is $210.77 and its 200-day moving average is $172.68. Silicon Laboratories, Inc. has a 52 week low of $115.50 and a 52 week high of $218.68. The firm has a market cap of $7.14 billion, a P/E ratio of -141.57 and a beta of 1.40.

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

Analyst Upgrades and Downgrades

Several research firms have commented on SLAB. Weiss Ratings reissued a “sell (d-)” rating on shares of Silicon Laboratories in a report on Friday, March 27th. Needham & Company LLC lowered shares of Silicon Laboratories from a “buy” rating to a “hold” rating in a report on Wednesday, February 4th. Benchmark downgraded shares of Silicon Laboratories from a “buy” rating to a “hold” rating in a research report on Wednesday, February 4th. KeyCorp downgraded shares of Silicon Laboratories from an “overweight” rating to a “hold” rating in a research report on Wednesday, February 4th. Finally, Royal Bank Of Canada lifted their target price on shares of Silicon Laboratories from $160.00 to $205.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $170.00.

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.