Silicon Laboratories (NASDAQ:SLAB) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totalling 1,707,700 shares, an increase of 5.4% from the June 30th total of 1,619,600 shares. Based on an average daily trading volume, of 294,800 shares, the short-interest ratio is presently 5.8 days. Approximately 4.1% of the company’s shares are sold short.
In other Silicon Laboratories news, Director William G. Bock sold 1,000 shares of Silicon Laboratories stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $105.61, for a total transaction of $105,610.00. Following the transaction, the director now directly owns 39,791 shares of the company’s stock, valued at $4,202,327.51. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 2.10% of the company’s stock.
Several large investors have recently modified their holdings of SLAB. Nuveen Asset Management LLC lifted its holdings in Silicon Laboratories by 1,696.8% in the second quarter. Nuveen Asset Management LLC now owns 203,367 shares of the semiconductor company’s stock worth $21,028,000 after purchasing an additional 192,049 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Silicon Laboratories by 13.4% in the second quarter. Price T Rowe Associates Inc. MD now owns 13,607 shares of the semiconductor company’s stock worth $1,407,000 after purchasing an additional 1,606 shares during the period. UBS Asset Management Americas Inc. lifted its holdings in Silicon Laboratories by 8.0% in the second quarter. UBS Asset Management Americas Inc. now owns 37,850 shares of the semiconductor company’s stock worth $3,914,000 after purchasing an additional 2,810 shares during the period. D. E. Shaw & Co. Inc. lifted its holdings in Silicon Laboratories by 27.1% in the second quarter. D. E. Shaw & Co. Inc. now owns 90,717 shares of the semiconductor company’s stock worth $9,380,000 after purchasing an additional 19,351 shares during the period. Finally, Cubist Systematic Strategies LLC lifted its holdings in Silicon Laboratories by 176.0% in the second quarter. Cubist Systematic Strategies LLC now owns 29,158 shares of the semiconductor company’s stock worth $3,015,000 after purchasing an additional 18,594 shares during the period. Institutional investors and hedge funds own 91.44% of the company’s stock.
Shares of NASDAQ SLAB traded down $0.28 during trading on Thursday, reaching $103.13. 135,657 shares of the stock were exchanged, compared to its average volume of 318,371. The business’s 50-day moving average price is $106.06 and its 200 day moving average price is $94.55. Silicon Laboratories has a twelve month low of $73.13 and a twelve month high of $115.29. The company has a quick ratio of 5.91, a current ratio of 6.47 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $4.51 billion, a price-to-earnings ratio of 36.06, a price-to-earnings-growth ratio of 3.13 and a beta of 1.57.
Silicon Laboratories (NASDAQ:SLAB) last posted its earnings results on Wednesday, July 24th. The semiconductor company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. Silicon Laboratories had a net margin of 3.84% and a return on equity of 9.97%. The business had revenue of $206.71 million for the quarter, compared to analysts’ expectations of $206.57 million. During the same period in the previous year, the company posted $0.92 earnings per share. The business’s revenue for the quarter was down 4.8% compared to the same quarter last year. As a group, sell-side analysts expect that Silicon Laboratories will post 2.07 earnings per share for the current fiscal year.
About Silicon Laboratories
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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