Oddo BHF Asset Management Sas Makes New $694,000 Investment in Silicon Laboratories Inc. (NASDAQ:SLAB)

Oddo BHF Asset Management Sas bought a new position in shares of Silicon Laboratories Inc. (NASDAQ:SLAB) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 6,003 shares of the semiconductor company’s stock, valued at approximately $694,000.

A number of other institutional investors also recently modified their holdings of the business. Franklin Resources Inc. boosted its stake in shares of Silicon Laboratories by 1.9% in the third quarter. Franklin Resources Inc. now owns 231,889 shares of the semiconductor company’s stock valued at $27,001,000 after buying an additional 4,278 shares during the period. Tidal Investments LLC bought a new stake in shares of Silicon Laboratories during the 3rd quarter valued at $520,000. Geode Capital Management LLC grew its holdings in shares of Silicon Laboratories by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 781,049 shares of the semiconductor company’s stock worth $90,282,000 after purchasing an additional 15,728 shares in the last quarter. Barclays PLC raised its stake in Silicon Laboratories by 23.4% in the third quarter. Barclays PLC now owns 70,568 shares of the semiconductor company’s stock valued at $8,157,000 after purchasing an additional 13,363 shares in the last quarter. Finally, MML Investors Services LLC raised its stake in Silicon Laboratories by 5.3% in the third quarter. MML Investors Services LLC now owns 7,328 shares of the semiconductor company’s stock valued at $847,000 after purchasing an additional 370 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research firms have commented on SLAB. JPMorgan Chase & Co. decreased their target price on shares of Silicon Laboratories from $150.00 to $135.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. KeyCorp lowered their price objective on shares of Silicon Laboratories from $150.00 to $115.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Benchmark reaffirmed a “hold” rating on shares of Silicon Laboratories in a report on Tuesday, November 5th. StockNews.com raised Silicon Laboratories to a “sell” rating in a report on Friday, November 8th. Finally, Barclays reduced their price objective on Silicon Laboratories from $120.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $121.50.

Silicon Laboratories Trading Down 0.3 %

NASDAQ:SLAB opened at $128.20 on Friday. The stock’s 50-day moving average is $111.96 and its 200-day moving average is $112.87. Silicon Laboratories Inc. has a 1-year low of $94.00 and a 1-year high of $154.91. The stock has a market cap of $4.16 billion, a P/E ratio of -17.32 and a beta of 1.21.

Silicon Laboratories (NASDAQ:SLAB) last posted its earnings results on Monday, November 4th. The semiconductor company reported ($0.13) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.07. The firm had revenue of $166.00 million for the quarter, compared to analyst estimates of $165.50 million. Silicon Laboratories had a negative net margin of 46.93% and a negative return on equity of 12.60%. The company’s revenue for the quarter was down 18.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.48 EPS. As a group, equities analysts forecast that Silicon Laboratories Inc. will post -3.56 EPS for the current 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.