Silicon Laboratories (NASDAQ:SLAB) Sees Significant Increase in Short Interest
Silicon Laboratories (NASDAQ:SLAB) saw a significant growth in short interest in July. As of July 15th, there was short interest totalling 1,619,600 shares, a growth of 14.5% from the June 15th total of 1,414,200 shares. Based on an average trading volume of 318,800 shares, the short-interest ratio is presently 5.1 days. Approximately 3.9% of the company’s stock are short sold.
In other Silicon Laboratories news, Director William G. Bock sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $105.61, for a total value of $105,610.00. Following the completion of the sale, the director now directly owns 39,791 shares of the company’s stock, valued at $4,202,327.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.10% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its holdings in shares of Silicon Laboratories by 4.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 797,323 shares of the semiconductor company’s stock worth $62,837,000 after buying an additional 31,251 shares during the period. Victory Capital Management Inc. raised its stake in Silicon Laboratories by 137.8% during the 1st quarter. Victory Capital Management Inc. now owns 658,038 shares of the semiconductor company’s stock valued at $53,209,000 after purchasing an additional 381,340 shares during the last quarter. Eagle Asset Management Inc. raised its stake in Silicon Laboratories by 12.1% during the 1st quarter. Eagle Asset Management Inc. now owns 578,916 shares of the semiconductor company’s stock valued at $46,811,000 after purchasing an additional 62,316 shares during the last quarter. Norges Bank acquired a new position in Silicon Laboratories during the 4th quarter valued at $41,679,000. Finally, Geode Capital Management LLC raised its stake in Silicon Laboratories by 15.4% during the 4th quarter. Geode Capital Management LLC now owns 526,626 shares of the semiconductor company’s stock valued at $41,503,000 after purchasing an additional 70,432 shares during the last quarter. 92.07% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ SLAB traded up $2.12 during trading hours on Friday, hitting $114.39. 395,703 shares of the stock were exchanged, compared to its average volume of 313,497. The company has a quick ratio of 5.52, a current ratio of 6.47 and a debt-to-equity ratio of 0.34. The business’s 50 day moving average is $102.14. The stock has a market cap of $4.87 billion, a price-to-earnings ratio of 40.00, a P/E/G ratio of 3.45 and a beta of 1.62. Silicon Laboratories has a one year low of $73.13 and a one year high of $114.87.
Silicon Laboratories (NASDAQ:SLAB) last posted its quarterly earnings data on Wednesday, July 24th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.03. The business had revenue of $206.71 million during the quarter, compared to the consensus estimate of $206.57 million. Silicon Laboratories had a net margin of 3.84% and a return on equity of 9.97%. Silicon Laboratories’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.92 EPS. On average, analysts anticipate that Silicon Laboratories will post 2.04 EPS for the current 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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