Parametrica Management Ltd adds Silicon Laboratories (SLAB) to its portfolio

Silicon Laboratories (SLAB) : Parametrica Management Ltd added new position in Silicon Laboratories during the most recent quarter end. The investment management firm now holds 6,887 shares of Silicon Laboratories which is valued at $391,733 , the company said in a statement filed on Oct 13, 2016 with the SEC.Silicon Laboratories makes up approximately 1.11% of Parametrica Management Ltd’s portfolio.

Other Hedge Funds, Including , Legal General Group Plc reduced its stake in SLAB by selling 983 shares or 9.0% in the most recent quarter. The Hedge Fund company now holds 9,943 shares of SLAB which is valued at $572,518.First Mercantile Trust Co reduced its stake in SLAB by selling 421 shares or 9.12% in the most recent quarter. The Hedge Fund company now holds 4,197 shares of SLAB which is valued at $249,554. Silicon Laboratories makes up approx 0.03% of First Mercantile Trust Co’s portfolio.Simplex Trading boosted its stake in SLAB in the latest quarter, The investment management firm added 10,212 additional shares and now holds a total of 10,394 shares of Silicon Laboratories which is valued at $618,027. Silicon Laboratories makes up approx 0.08% of Simplex Trading’s portfolio.

Silicon Laboratories closed down -1.52 points or -2.57% at $57.58 with 2,14,988 shares getting traded on Tuesday. Post opening the session at $58.78, the shares hit an intraday low of $56.71 and an intraday high of $58.78 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Silicon Laboratories reported $0.75 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.64. The company had revenue of $174.91 million for the quarter, compared to analysts expectations of $170.55 million. The company’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS.

Many Wall Street Analysts have commented on Silicon Laboratories. Silicon Laboratories was Initiated by ROTH Capital to “Buy” on Sep 29, 2016.

Silicon Laboratories Inc. is a provider of silicon software and solutions for the Internet of things (IoT) Internet infrastructure industrial control consumer and automotive markets. The Company provides customers with advantages in performance energy savings connectivity and design simplicity. It provides developers with the tools and technologies they need to advance from initial idea to final product. The Company operates through mixed-signal analog intensive products consisting of numerous product areas segment. It serves IoT market including connected home smart lighting and smart energy applications. It provides a range of timing and isolation products for infrastructure applications including high-performance clocks and oscillators. It also provides broadcast products such as television tuners and demodulators and automotive radio tuners and access products including subscriber line interface circuits for voice over Internet Protocol and embedded modems.

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