Vigilant Capital Management Exits Position in Silicon Laboratories (SLAB)

Silicon Laboratories (SLAB) : Vigilant Capital Management has sold out all of its stake in Silicon Laboratories during the most recent quarter, according to the disclosure filed by the company on Oct 14, 2016 with the SEC. The investment management company has sold out 82 shares of Silicon Laboratories which is valued at $4,667.

Other Hedge Funds, Including , Weaver C. Barksdale Associates reduced its stake in SLAB by selling 15 shares or 21.13% in the most recent quarter. The Hedge Fund company now holds 56 shares of SLAB which is valued at $3,224. Silicon Laboratories makes up approx 0.01% of Weaver C. Barksdale Associates’s portfolio.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.

Silicon Laboratories opened for trading at $57.26 and hit $57.94 on the upside on Friday, eventually ending the session at $56.92, with a gain of 0.07% or 0.04 points. The heightened volatility saw the trading volume jump to 99,963 shares. Company has a market cap of $2,368 M.

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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