Mint Tower Capital Management B.V. Makes New $656,000 Investment in Silicon Laboratories, Inc. $SLAB

Mint Tower Capital Management B.V. acquired a new stake in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 3,000 shares of the semiconductor company’s stock, valued at approximately $656,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Harbor Investment Advisory LLC purchased a new position in shares of Silicon Laboratories in the 2nd quarter valued at approximately $28,000. Kestra Advisory Services LLC bought a new stake in shares of Silicon Laboratories during the fourth quarter valued at approximately $32,000. Covestor Ltd grew its stake in 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 period. Allworth Financial LP bought a new position in Silicon Laboratories in the second quarter worth $42,000. Finally, Kemnay Advisory Services Inc. bought a new position in Silicon Laboratories in the fourth quarter worth $44,000.

Silicon Laboratories Stock Down 0.2%

Shares of SLAB opened at $218.54 on Friday. The stock has a market cap of $7.29 billion, a P/E ratio of -185.20 and a beta of 1.37. The business’s 50 day moving average price is $218.19 and its 200-day moving average price is $213.91. Silicon Laboratories, Inc. has a 52 week low of $115.50 and a 52 week high of $220.90.

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

Analyst Upgrades and Downgrades

Several equities analysts have commented on SLAB shares. Zacks Research lowered Silicon Laboratories from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 18th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Silicon Laboratories in a research note on Wednesday, June 24th. Five equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $218.00.

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.