Assenagon Asset Management S.A. Divests Shares of Silicon Laboratories (NASDAQ:SLAB)
April 2, 2023
Trending News ☀️
Assenagon Asset Management S.A. recently made the decision to divest their shares of Silicon Laboratories ($NASDAQ:SLAB) Inc. (NASDAQ:SLAB), a multinational semiconductor manufacturer specializing in the development and production of integrated circuits and related software and services. Silicon Laboratories is headquartered in Austin, Texas and its products are used in a variety of industries, including automotive, consumer electronics, energy, industrial, medical, and wireless communications. Silicon Laboratories also provides development tools and software to support product development.
The company also has strong investor confidence, evidenced by its strong stock performance over the past year. Despite the recent divestment by Assenagon Asset Management S.A., Silicon Laboratories stock remains a solid investment opportunity for those looking to gain exposure to the semiconductor industry.
Market Price
On Monday, SILICON LABORATORIES Inc. (NASDAQ:SLAB) experienced a decline in its share price after Assenagon Asset Management S.A. announced its divestment of shares in the company. The stock opened for trading at $169.9 but closed at a lower price of $168.3, a 0.5% decrease from the previous closing price of 169.2. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Silicon Laboratories. More…
| Total Revenues | Net Income | Net Margin |
| 1.02k | 91.4 | 8.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Silicon Laboratories. More…
| Operations | Investing | Financing |
| 71.81 | 240.54 | -887.05 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Silicon Laboratories. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.17k | 764.42 | 44.05 |
Key Ratios Snapshot
Some of the financial key ratios for Silicon Laboratories are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.9% | 28.1% | 13.0% |
| FCF Margin | ROE | ROA |
| 4.4% | 5.6% | 3.8% |
Analysis
At GoodWhale, we recently conducted an analysis of SILICON LABORATORIES‘s wellbeing. We assessed the financial and business aspects, and assigned a Risk Rating of “medium”. This means that SILICON LABORATORIES is considered to be a moderately safe investment. However, we did notice one risk warning in the balance sheet. We recommend that if you’re interested in investing in SILICON LABORATORIES, that you visit goodwhale.com, where you can find more details about this risk warning and the associated risk factors. Our expert team is always available to provide advice and answer any questions you may have. More…
Peers
The company’s competitors include NXP Semiconductors NV, Synaptics Inc, and Qualcomm Inc.
– NXP Semiconductors NV ($NASDAQ:NXPI)
NXP Semiconductors NV, a Dutch company, is a leading semiconductor manufacturer with a market cap of 38.06B as of 2022. The company’s ROE is 41.87%. NXP Semiconductors NV designs, manufactures and markets a broad range of semiconductor products, including microcontrollers, digital signal processors, memories, RF power amplifiers and mixed-signal integrated circuits.
– Synaptics Inc ($NASDAQ:SYNA)
Synaptics Inc is a publicly traded company that designs, develops and markets human interface solutions. The company’s products are used in mobile phones, PCs, and other electronic devices. Synaptics’ human interface solutions include touch controllers, display drivers, fingerprint sensors, biometrics and security solutions.
Synaptics has a market capitalization of $3.48 billion as of 2022 and a return on equity of 18.08%. The company’s products are used in a variety of electronic devices, including mobile phones, PCs and other consumer electronics. Synaptics is a leading provider of human interface solutions that enable people to interact with electronic devices.
– Qualcomm Inc ($NASDAQ:QCOM)
Qualcomm Inc is an American multinational semiconductor and telecommunications equipment company that designs and markets wireless telecommunications products and services. It has a market cap of 130.69B as of 2022 and a Return on Equity of 90.42%. The company was founded in 1985 and is headquartered in San Diego, California.
Summary
Silicon Laboratories Inc. (SLAB) has recently seen its shares sold by Assenagon Asset Management S.A. Investors should pay attention to this news and consider their current holdings in the company. On the positive side, Silicon Laboratories has a strong balance sheet and its cash flow generation has been strong in recent quarters. Overall, the stock appears to be fairly valued and investors should assess their risk tolerance before investing in the company.
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