6,003 Shares in Silicon Laboratories Inc. (NASDAQ:SLAB) Acquired by Oddo BHF Asset Management Sas

Oddo BHF Asset Management Sas purchased a new stake in Silicon Laboratories Inc. (NASDAQ:SLAB) during the 3rd quarter, HoldingsChannel.com reports. The fund purchased 6,003 shares of the semiconductor company’s stock, valued at approximately $694,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of SLAB. Cullen Frost Bankers Inc. acquired a new position in shares of Silicon Laboratories during the 2nd quarter valued at $28,000. Advisors Asset Management Inc. raised its holdings in shares of Silicon Laboratories by 159.4% during the third quarter. Advisors Asset Management Inc. now owns 275 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 169 shares during the period. GAMMA Investing LLC boosted its position in shares of Silicon Laboratories by 84.1% during the 3rd quarter. GAMMA Investing LLC now owns 497 shares of the semiconductor company’s stock worth $57,000 after purchasing an additional 227 shares in the last quarter. Daiwa Securities Group Inc. acquired a new stake in shares of Silicon Laboratories in the 2nd quarter valued at about $60,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in Silicon Laboratories in the 2nd quarter valued at about $82,000.

Analyst Ratings Changes

Several research analysts have issued reports on SLAB shares. KeyCorp cut their price target on Silicon Laboratories from $150.00 to $115.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. JPMorgan Chase & Co. cut their target price on Silicon Laboratories from $150.00 to $135.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. StockNews.com upgraded shares of Silicon Laboratories to a “sell” rating in a research note on Friday, November 8th. Morgan Stanley dropped their price objective on shares of Silicon Laboratories from $123.00 to $97.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 5th. Finally, Benchmark reissued a “hold” rating on shares of Silicon Laboratories in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $121.50.

Silicon Laboratories Price Performance

NASDAQ SLAB opened at $128.20 on Friday. The company has a fifty day moving average price of $111.96 and a 200-day moving average price of $112.87. The firm has a market cap of $4.16 billion, a price-to-earnings ratio of -17.32 and a beta of 1.21. Silicon Laboratories Inc. has a 1 year low of $94.00 and a 1 year high of $154.91.

Silicon Laboratories (NASDAQ:SLAB) last issued its quarterly earnings data on Monday, November 4th. The semiconductor company reported ($0.13) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.07. Silicon Laboratories had a negative net margin of 46.93% and a negative return on equity of 12.60%. The business had revenue of $166.00 million during the quarter, compared to the consensus estimate of $165.50 million. During the same period in the prior year, the firm posted $0.48 EPS. The firm’s quarterly revenue was down 18.5% compared to the same quarter last year. On average, research analysts anticipate that Silicon Laboratories Inc. will post -3.56 EPS for the current fiscal year.

About Silicon Laboratories

Silicon Laboratories Inc, a fabless semiconductor company, provides various analog-intensive mixed-signal solutions in the United States, China, Taiwan, and internationally. The company's products include wireless microcontrollers and sensor products. Its products are used in various electronic products in a range of applications for the industrial Internet of Things (IoT), including industrial automation and control, smart buildings, access control, HVAC control, and industrial wearables and power tools; smart cities applications, such as smart metering, smart street lighting, renewable energy, electric vehicle supply equipment, and smart agriculture; commercial IoT applications, including smart lighting, asset tracking, electronic shelf labels, theft protection, and enterprise access points; smart home applications, comprising home automation/security systems, smart speakers, smart lighting, HVAC control, smart cameras, smart appliances, smart home sensing, smart locks, and window/blind controls; and connected health applications, including diabetes management, consumer health and fitness, elderly care, patient monitoring, and activity tracking; as well as in commercial building automation, consumer electronics, and medical instrumentation.