State of Alaska Department of Revenue Has $454,000 Holdings in Silicon Laboratories Inc. (NASDAQ:SLAB)

State of Alaska Department of Revenue decreased its stake in Silicon Laboratories Inc. (NASDAQ:SLAB) by 9.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,436 shares of the semiconductor company’s stock after selling 350 shares during the period. State of Alaska Department of Revenue’s holdings in Silicon Laboratories were worth $454,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of SLAB. Venturi Wealth Management LLC acquired a new stake in Silicon Laboratories in the 3rd quarter worth $30,000. Belpointe Asset Management LLC lifted its stake in shares of Silicon Laboratories by 72.5% in the first quarter. Belpointe Asset Management LLC now owns 207 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 87 shares during the period. Live Oak Investment Partners acquired a new stake in Silicon Laboratories during the fourth quarter worth about $39,000. Global Retirement Partners LLC increased its stake in Silicon Laboratories by 31.7% during the third quarter. Global Retirement Partners LLC now owns 507 shares of the semiconductor company’s stock valued at $58,000 after acquiring an additional 122 shares during the period. Finally, Itau Unibanco Holding S.A. acquired a new position in Silicon Laboratories in the 3rd quarter valued at approximately $61,000.

Silicon Laboratories Stock Down 3.7 %

Shares of SLAB stock opened at $126.32 on Friday. The company has a market capitalization of $4.03 billion, a P/E ratio of -111.79 and a beta of 1.27. Silicon Laboratories Inc. has a 12-month low of $74.56 and a 12-month high of $172.94. The firm has a 50-day moving average price of $136.62 and a 200 day moving average price of $121.77.

Silicon Laboratories (NASDAQ:SLAB) last announced its earnings results on Wednesday, February 7th. The semiconductor company reported ($1.46) EPS for the quarter, topping the consensus estimate of ($1.91) by $0.45. The business had revenue of $86.85 million for the quarter, compared to the consensus estimate of $85.32 million. Silicon Laboratories had a positive return on equity of 0.97% and a negative net margin of 4.41%. As a group, research analysts expect that Silicon Laboratories Inc. will post -1.66 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on SLAB shares. StockNews.com lowered Silicon Laboratories from a “hold” rating to a “sell” rating in a report on Friday, December 29th. JPMorgan Chase & Co. boosted their price target on shares of Silicon Laboratories from $145.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Barclays raised their price objective on shares of Silicon Laboratories from $120.00 to $140.00 and gave the stock an “equal weight” rating in a report on Thursday, February 8th. Stifel Nicolaus upped their target price on shares of Silicon Laboratories from $136.00 to $155.00 and gave the company a “buy” rating in a research note on Tuesday, January 2nd. Finally, TD Cowen raised their price target on shares of Silicon Laboratories from $140.00 to $155.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, Silicon Laboratories currently has an average rating of “Hold” and an average price target of $143.29.

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.