One Capital Management LLC Increases Stock Position in Silicon Laboratories, Inc. $SLAB

One Capital Management LLC increased its position in Silicon Laboratories, Inc. (NASDAQ:SLAB) by 43.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,878 shares of the semiconductor company’s stock after acquiring an additional 3,580 shares during the period. One Capital Management LLC’s holdings in Silicon Laboratories were worth $1,552,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings 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 acquiring an additional 121,432 shares during the last quarter. State Street Corp grew its position 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 worth $223,665,000 after purchasing an additional 7,139 shares during the period. Geode Capital Management LLC raised its stake in Silicon Laboratories by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 824,771 shares of the semiconductor company’s stock valued at $107,814,000 after buying an additional 7,921 shares during the last quarter. Invesco Ltd. raised its stake in Silicon Laboratories by 3.5% during 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 last quarter. Finally, AQR Capital Management LLC raised its stake in Silicon Laboratories by 89.5% during 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 last quarter.

Wall Street Analysts Forecast Growth

SLAB has been the subject of a number of research reports. Needham & Company LLC lowered shares of Silicon Laboratories from a “buy” rating to a “hold” rating in a research note on Wednesday, February 4th. Citigroup boosted their target price on shares of Silicon Laboratories from $135.00 to $231.00 and gave the company a “neutral” rating in a research note on Friday, February 6th. Royal Bank Of Canada boosted their target price on shares of Silicon Laboratories from $160.00 to $205.00 and gave the company a “sector perform” rating in a research note on Thursday, February 5th. Benchmark lowered shares of Silicon Laboratories from a “buy” rating to a “hold” rating in a research note on Wednesday, February 4th. Finally, KeyCorp lowered shares of Silicon Laboratories from an “overweight” rating to a “hold” rating in a research note on Wednesday, February 4th. One analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $171.43.

Silicon Laboratories Price Performance

Shares of SLAB stock opened at $219.13 on Thursday. Silicon Laboratories, Inc. has a 1 year low of $115.50 and a 1 year high of $219.46. The firm has a fifty day moving average price of $214.04 and a 200-day moving average price of $180.21. The company has a market cap of $7.23 billion, a price-to-earnings ratio of -143.22 and a beta of 1.37.

Silicon Laboratories (NASDAQ:SLAB) last issued its quarterly earnings data 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 firm had revenue of $213.50 million during the quarter, compared to the consensus estimate of $214.02 million. During the same quarter in the previous year, the firm posted ($0.08) EPS. The company’s revenue for the quarter was up 20.1% compared to the same quarter last year. Equities research analysts expect that Silicon Laboratories, Inc. will post 0.74 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Robert Matthew Johnson sold 8,024 shares of the company’s stock in a transaction 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 owned 80,519 shares of the company’s stock, valued at approximately $17,458,934.77. This represents a 9.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.60% of the company’s stock.

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.