Mutual of America Capital Management LLC Lowers Position in Silicon Laboratories Inc. (NASDAQ:SLAB)

Mutual of America Capital Management LLC cut its holdings in shares of Silicon Laboratories Inc. (NASDAQ:SLAB) by 4.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 34,385 shares of the semiconductor company’s stock after selling 1,752 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Silicon Laboratories were worth $4,548,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Moody Aldrich Partners LLC grew its holdings in shares of Silicon Laboratories by 29.4% during the 4th quarter. Moody Aldrich Partners LLC now owns 17,981 shares of the semiconductor company’s stock worth $2,378,000 after purchasing an additional 4,086 shares during the period. Schwartz Investment Counsel Inc. grew its holdings in shares of Silicon Laboratories by 69.6% during the 4th quarter. Schwartz Investment Counsel Inc. now owns 195,000 shares of the semiconductor company’s stock worth $25,793,000 after purchasing an additional 80,000 shares during the period. International Assets Investment Management LLC grew its holdings in shares of Silicon Laboratories by 429.1% during the 4th quarter. International Assets Investment Management LLC now owns 926 shares of the semiconductor company’s stock worth $122,000 after purchasing an additional 751 shares during the period. L. Roy Papp & Associates LLP grew its holdings in shares of Silicon Laboratories by 1.2% during the 4th quarter. L. Roy Papp & Associates LLP now owns 9,920 shares of the semiconductor company’s stock worth $1,312,000 after purchasing an additional 120 shares during the period. Finally, Pacer Advisors Inc. grew its holdings in shares of Silicon Laboratories by 81.1% during the 4th quarter. Pacer Advisors Inc. now owns 4,769 shares of the semiconductor company’s stock worth $631,000 after purchasing an additional 2,135 shares during the period.

Analysts Set New Price Targets

SLAB has been the subject of a number of research analyst reports. Stifel Nicolaus raised their target price on Silicon Laboratories from $136.00 to $155.00 and gave the company a “buy” rating in a report on Tuesday, January 2nd. StockNews.com cut Silicon Laboratories from a “hold” rating to a “sell” rating in a report on Friday, December 29th. Barclays raised their target price on Silicon Laboratories from $120.00 to $140.00 and gave the company an “equal weight” rating in a report on Thursday, February 8th. JPMorgan Chase & Co. raised their target price on Silicon Laboratories from $145.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Finally, TD Cowen raised their target price on Silicon Laboratories from $140.00 to $155.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Silicon Laboratories presently has an average rating of “Hold” and an average target price of $143.29.

Silicon Laboratories Trading Down 1.5 %

Shares of SLAB opened at $124.37 on Tuesday. The stock has a 50-day simple moving average of $136.71 and a 200-day simple moving average of $121.92. Silicon Laboratories Inc. has a 1 year low of $74.56 and a 1 year high of $172.94.

Silicon Laboratories (NASDAQ:SLAB) last announced its quarterly earnings data on Wednesday, February 7th. The semiconductor company reported ($1.46) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.91) by $0.45. The business had revenue of $86.85 million during the quarter, compared to analysts’ expectations 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, equities analysts predict that Silicon Laboratories Inc. will post -1.66 earnings per share for the current year.

Silicon Laboratories Company Profile

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.