Rothschild & Co. Asset Management US Inc. Has $30.70 Million Holdings in Silicon Laboratories (SLAB)
Rothschild & Co. Asset Management US Inc. raised its stake in Silicon Laboratories (NASDAQ:SLAB) by 0.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 379,607 shares of the semiconductor company’s stock after purchasing an additional 895 shares during the quarter. Rothschild & Co. Asset Management US Inc.’s holdings in Silicon Laboratories were worth $30,695,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. NumerixS Investment Technologies Inc purchased a new position in shares of Silicon Laboratories in the 4th quarter valued at approximately $71,000. Quadrant Capital Group LLC grew its stake in shares of Silicon Laboratories by 866.0% in the 1st quarter. Quadrant Capital Group LLC now owns 995 shares of the semiconductor company’s stock valued at $79,000 after purchasing an additional 892 shares during the last quarter. Advisor Group Inc. grew its stake in shares of Silicon Laboratories by 13.9% in the 4th quarter. Advisor Group Inc. now owns 1,345 shares of the semiconductor company’s stock valued at $106,000 after purchasing an additional 164 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in shares of Silicon Laboratories in the 1st quarter valued at approximately $161,000. Finally, Stephens Inc. AR grew its stake in shares of Silicon Laboratories by 47.9% in the 4th quarter. Stephens Inc. AR now owns 2,015 shares of the semiconductor company’s stock valued at $159,000 after purchasing an additional 653 shares during the last quarter. Institutional investors own 93.85% of the company’s stock.
A number of analysts recently weighed in on the company. Benchmark decreased their price target on Silicon Laboratories from $110.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, January 30th. Cowen restated an “outperform” rating and issued a $130.00 price target (up from $98.00) on shares of Silicon Laboratories in a research note on Thursday, April 25th. BidaskClub downgraded Silicon Laboratories from a “buy” rating to a “hold” rating in a research note on Thursday, January 31st. MKM Partners lifted their price target on Silicon Laboratories to $105.00 in a research note on Thursday, April 25th. Finally, ValuEngine upgraded Silicon Laboratories from a “hold” rating to a “buy” rating in a research note on Friday, April 19th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $105.70.
Silicon Laboratories stock opened at $95.34 on Thursday. The company has a current ratio of 6.04, a quick ratio of 5.52 and a debt-to-equity ratio of 0.34. Silicon Laboratories has a 1-year low of $73.13 and a 1-year high of $110.70. The company has a market capitalization of $4.13 billion, a P/E ratio of 33.34, a price-to-earnings-growth ratio of 3.12 and a beta of 1.60.
Silicon Laboratories (NASDAQ:SLAB) last posted its quarterly earnings results on Wednesday, April 24th. The semiconductor company reported $0.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.12. The firm had revenue of $188.11 million for the quarter, compared to the consensus estimate of $188.02 million. Silicon Laboratories had a return on equity of 10.74% and a net margin of 7.35%. The company’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.87 earnings per share. On average, equities analysts anticipate that Silicon Laboratories will post 2.04 earnings per share for the current fiscal year.
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Silicon Laboratories Company Profile
Silicon Laboratories Inc, a fabless semiconductor company, designs, develops, and markets mixed-signal integrated circuits (ICs) in the United States, China, and internationally. The company offers Internet of things products, including 8-bit mixed-signal, 32-bit wireless, and ultra-low-power 32-bit microcontrollers; wireless connectivity devices, such as multiprotocol wireless Gecko system-on-chip devices; real-time operating systems; sensor products comprising optical, relative humidity/temperature, and hall effect magnetic sensors.
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