Future Fund LLC Buys 3,580 Shares of Silicon Laboratories, Inc. $SLAB

Future Fund LLC grew its stake 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 and Exchange Commission (SEC). The fund owned 11,878 shares of the semiconductor company’s stock after acquiring an additional 3,580 shares during the quarter. Future Fund LLC’s holdings in Silicon Laboratories were worth $1,552,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of Silicon Laboratories in the 3rd quarter valued at about $1,192,000. Azzad Asset Management Inc. ADV bought a new stake in shares of Silicon Laboratories in the 3rd quarter valued at about $924,000. Thrivent Financial for Lutherans increased its stake in shares of Silicon Laboratories by 109.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 113,337 shares of the semiconductor company’s stock valued at $14,862,000 after acquiring an additional 59,207 shares during the last quarter. Tudor Investment Corp ET AL bought a new stake in shares of Silicon Laboratories in the 3rd quarter valued at about $4,718,000. Finally, Fox Run Management L.L.C. bought a new stake in shares of Silicon Laboratories in the 3rd quarter valued at about $1,577,000.

Insiders Place Their Bets

In other Silicon Laboratories news, CEO Robert Matthew Johnson sold 8,024 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $216.83, for a total transaction 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 $17,458,934.77. This represents a 9.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.60% of the stock is currently owned by company insiders.

Silicon Laboratories Stock Performance

NASDAQ SLAB opened at $217.60 on Friday. The business has a 50 day simple moving average of $213.30 and a 200 day simple moving average of $177.92. Silicon Laboratories, Inc. has a 52-week low of $115.50 and a 52-week high of $219.20. The stock has a market cap of $7.18 billion, a price-to-earnings ratio of -142.22 and a beta of 1.40.

Silicon Laboratories (NASDAQ:SLAB) last posted its earnings results on Tuesday, May 5th. The semiconductor company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.04. Silicon Laboratories had a negative return on equity of 2.18% and a negative net margin of 6.13%.The business had revenue of $213.50 million during the quarter, compared to analysts’ expectations of $214.02 million. During the same period in the prior year, the business earned ($0.08) EPS. Silicon Laboratories’s revenue for the quarter was up 20.1% compared to the same quarter last year. On average, analysts predict that Silicon Laboratories, Inc. will post 0.74 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Needham & Company LLC cut Silicon Laboratories from a “buy” rating to a “hold” rating in a research note on Wednesday, February 4th. Royal Bank Of Canada increased their target price on Silicon Laboratories from $160.00 to $205.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 5th. Citigroup increased their target price on Silicon Laboratories from $135.00 to $231.00 and gave the stock a “neutral” rating in a research note on Friday, February 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Silicon Laboratories in a research note on Friday, March 27th. Finally, Benchmark cut Silicon Laboratories from a “buy” rating to a “hold” rating in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price 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.