Kintayl Capital LP Takes Position in Silicon Laboratories, Inc. $SLAB

Kintayl Capital LP acquired a new position in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 52,875 shares of the semiconductor company’s stock, valued at approximately $11,556,000. Silicon Laboratories makes up about 4.6% of Kintayl Capital LP’s portfolio, making the stock its 3rd largest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Harbor Investment Advisory LLC bought a new stake in Silicon Laboratories in the 2nd quarter valued at $28,000. Kestra Advisory Services LLC acquired a new stake in shares of Silicon Laboratories in the 4th quarter valued at about $32,000. Covestor Ltd raised its stake in shares of Silicon Laboratories by 260.3% in the 4th quarter. Covestor Ltd now owns 281 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 203 shares during the period. Allworth Financial LP bought a new stake in shares of Silicon Laboratories in the second quarter valued at about $42,000. Finally, Kemnay Advisory Services Inc. bought a new stake in shares of Silicon Laboratories in the fourth quarter valued at about $44,000.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SLAB. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Silicon Laboratories in a research report on Wednesday, June 24th. Zacks Research cut Silicon Laboratories from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 18th. Five investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $218.00.

Silicon Laboratories Trading Up 0.1%

Silicon Laboratories stock opened at $218.37 on Wednesday. The company has a market cap of $7.29 billion, a P/E ratio of -185.06 and a beta of 1.37. Silicon Laboratories, Inc. has a 1-year low of $115.50 and a 1-year high of $220.90. The company has a fifty day simple moving average of $218.22 and a 200 day simple moving average of $213.70.

Silicon Laboratories (NASDAQ:SLAB) last issued its quarterly earnings results on Tuesday, August 11th. The semiconductor company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.02. Silicon Laboratories had a negative net margin of 4.57% and a negative return on equity of 0.66%. The firm had revenue of $228.19 million for the quarter, compared to analyst estimates of $227.99 million. During the same period in the previous year, the business earned $0.11 EPS. The company’s revenue was up 18.3% compared to the same quarter last year. On average, equities research analysts forecast that Silicon Laboratories, Inc. will post 0.52 EPS for the current year.

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.