S Squared Technology LLC Acquires New Stake in Silicon Laboratories, Inc. $SLAB

S Squared Technology LLC acquired a new stake in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 10,730 shares of the semiconductor company’s stock, valued at approximately $2,345,149,000. Silicon Laboratories comprises 0.7% of S Squared Technology LLC’s holdings, making the stock its 28th biggest holding.

A number of other institutional investors have also recently modified their holdings of the stock. Harbor Investment Advisory LLC bought a new position in shares of Silicon Laboratories during the second quarter valued at $28,000. Allworth Financial LP purchased a new position in shares of Silicon Laboratories in the 2nd quarter worth about $42,000. EverSource Wealth Advisors LLC boosted its stake in Silicon Laboratories by 66.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 225 shares of the semiconductor company’s stock worth $47,000 after purchasing an additional 90 shares in the last quarter. Kestra Advisory Services LLC bought a new position in Silicon Laboratories in the 4th quarter worth about $32,000. Finally, Covestor Ltd grew its position in Silicon Laboratories by 260.3% during the 4th quarter. Covestor Ltd now owns 281 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 203 shares during the last quarter.

Silicon Laboratories Trading Up 0.0%

Shares of SLAB opened at $218.08 on Tuesday. The company has a market cap of $7.28 billion, a price-to-earnings ratio of -184.81 and a beta of 1.37. The business’s fifty day simple moving average is $218.24 and its two-hundred day simple moving average is $213.59. Silicon Laboratories, Inc. has a 12 month low of $115.50 and a 12 month high of $220.90.

Silicon Laboratories (NASDAQ:SLAB) last posted its quarterly earnings results on Tuesday, August 11th. The semiconductor company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.02. The firm had revenue of $228.19 million during the quarter, compared to analysts’ expectations of $227.99 million. Silicon Laboratories had a negative return on equity of 0.66% and a negative net margin of 4.57%.The company’s revenue was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.11 earnings per share. As a group, research analysts forecast that Silicon Laboratories, Inc. will post 0.52 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on SLAB shares. Weiss Ratings restated a “sell (d-)” rating on shares of Silicon Laboratories in a research note on Wednesday, June 24th. Zacks Research downgraded shares of Silicon Laboratories from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 18th. Five analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Silicon Laboratories presently has an average rating of “Reduce” and a consensus price target of $218.00.

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.