15,286 Shares in Silicon Laboratories, Inc. $SLAB Purchased by Jupiter Topco LLC

Jupiter Topco LLC purchased a new stake in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 15,286 shares of the semiconductor company’s stock, valued at approximately $3,340,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of SLAB. Kintayl Capital LP purchased a new stake in Silicon Laboratories in the 2nd quarter worth approximately $11,556,000. Hsbc Holdings PLC purchased a new position in shares of Silicon Laboratories during the second quarter valued at approximately $67,455,000. Legal & General Group Plc purchased a new position in shares of Silicon Laboratories during the second quarter valued at approximately $11,067,000. The Manufacturers Life Insurance Company bought a new position in shares of Silicon Laboratories during the second quarter valued at approximately $5,431,000. Finally, S Squared Technology LLC bought a new position in shares of Silicon Laboratories during the second quarter valued at approximately $2,345,149.

Analysts Set New Price Targets

SLAB has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Silicon Laboratories in a research note on Wednesday, June 24th. Zacks Research lowered shares of Silicon Laboratories from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 18th. Five equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $218.00.

Silicon Laboratories Stock Up 0.0%

Shares of SLAB stock opened at $219.12 on Wednesday. The stock has a market cap of $7.31 billion, a price-to-earnings ratio of -185.69 and a beta of 1.36. The business’s fifty day moving average is $218.18 and its 200 day moving average is $214.14. Silicon Laboratories, Inc. has a twelve month low of $115.50 and a twelve month high of $220.90.

Silicon Laboratories (NASDAQ:SLAB) last announced its quarterly earnings data on Tuesday, August 11th. The semiconductor company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.69 by $0.02. Silicon Laboratories had a negative return on equity of 0.66% and a negative net margin of 4.57%.The business had revenue of $228.19 million during the quarter, compared to analyst estimates of $227.99 million. During the same quarter last year, the firm posted $0.11 earnings per share. The company’s revenue for the quarter was up 18.3% on a year-over-year basis. Equities research analysts expect that Silicon Laboratories, Inc. will post 0.52 earnings per share for the current fiscal 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.