Carmignac Gestion Buys New Holdings in Silicon Laboratories, Inc. $SLAB

Carmignac Gestion purchased a new position in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 27,843 shares of the semiconductor company’s stock, valued at approximately $5,796,000.

A number of other large investors have also bought and sold shares of SLAB. EverSource Wealth Advisors LLC lifted its position in Silicon Laboratories by 66.7% in the first quarter. EverSource Wealth Advisors LLC now owns 225 shares of the semiconductor company’s stock valued at $47,000 after purchasing an additional 90 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of Silicon Laboratories during the fourth quarter valued at approximately $32,000. Covestor Ltd grew its holdings in shares of Silicon Laboratories by 260.3% in the fourth quarter. Covestor Ltd now owns 281 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 203 shares during the last quarter. Kemnay Advisory Services Inc. bought a new position in shares of Silicon Laboratories in the fourth quarter worth approximately $44,000. Finally, Jones Financial Companies Lllp increased its stake in shares of Silicon Laboratories by 121.4% in the first quarter. Jones Financial Companies Lllp now owns 496 shares of the semiconductor company’s stock worth $56,000 after buying an additional 272 shares during the period.

Insider Buying and Selling at Silicon Laboratories

In other news, CEO Robert Matthew Johnson sold 8,024 shares of Silicon Laboratories stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $216.83, for a total value of $1,739,843.92. Following the sale, the chief executive officer directly owned 80,519 shares in the company, valued at approximately $17,458,934.77. This trade represents a 9.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Silicon Laboratories in a report on Wednesday, June 24th. Seven research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Silicon Laboratories currently has a consensus rating of “Reduce” and a consensus price target of $177.50.

Silicon Laboratories Price Performance

NASDAQ SLAB opened at $217.50 on Monday. The stock has a market capitalization of $7.17 billion, a PE ratio of -142.16 and a beta of 1.36. Silicon Laboratories, Inc. has a 1 year low of $115.50 and a 1 year high of $220.90. The business’s 50-day moving average is $218.26 and its 200 day moving average is $205.40.

Silicon Laboratories (NASDAQ:SLAB) last announced its quarterly 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. The company had revenue of $213.50 million for the quarter, compared to the consensus estimate of $214.02 million. Silicon Laboratories had a negative return on equity of 2.18% and a negative net margin of 6.13%.Silicon Laboratories’s revenue was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.08) EPS. As a group, equities research analysts anticipate that Silicon Laboratories, Inc. will post 0.74 earnings per share for the current year.

Silicon Laboratories Company 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.