Nisa Investment Advisors LLC Sells 471 Shares of Silicon Laboratories Inc. (NASDAQ:SLAB)

Nisa Investment Advisors LLC lessened its position in Silicon Laboratories Inc. (NASDAQ:SLAB) by 10.5% in the 4th quarter, Holdings Channel reports. The firm owned 4,034 shares of the semiconductor company’s stock after selling 471 shares during the period. Nisa Investment Advisors LLC’s holdings in Silicon Laboratories were worth $534,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Silicon Laboratories in the fourth quarter valued at approximately $34,161,000. Adage Capital Partners GP L.L.C. acquired a new position in shares of Silicon Laboratories in the third quarter valued at approximately $24,453,000. Renaissance Technologies LLC boosted its holdings in shares of Silicon Laboratories by 338.0% in the first quarter. Renaissance Technologies LLC now owns 232,998 shares of the semiconductor company’s stock valued at $34,996,000 after buying an additional 179,800 shares during the period. Van Berkom & Associates Inc. boosted its holdings in shares of Silicon Laboratories by 36.2% in the third quarter. Van Berkom & Associates Inc. now owns 572,762 shares of the semiconductor company’s stock valued at $66,377,000 after buying an additional 152,269 shares during the period. Finally, Cubist Systematic Strategies LLC boosted its holdings in shares of Silicon Laboratories by 601.7% in the first quarter. Cubist Systematic Strategies LLC now owns 154,600 shares of the semiconductor company’s stock valued at $27,069,000 after buying an additional 132,567 shares during the period.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Stifel Nicolaus upped their price target on shares of 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 shares of Silicon Laboratories from a “hold” rating to a “sell” rating in a report on Friday, December 29th. TD Cowen increased their target price on shares of Silicon Laboratories from $140.00 to $155.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Barclays increased their target price 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. Finally, JPMorgan Chase & Co. increased their target price on shares of Silicon Laboratories from $145.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Silicon Laboratories presently has a consensus rating of “Hold” and a consensus price target of $143.29.

Silicon Laboratories Price Performance

Shares of SLAB stock opened at $121.53 on Thursday. The stock has a market cap of $3.88 billion, a P/E ratio of -107.55 and a beta of 1.27. The company has a fifty day moving average price of $136.59 and a two-hundred day moving average price of $121.98. Silicon Laboratories Inc. has a one year low of $74.56 and a one year high of $172.94.

Silicon Laboratories (NASDAQ:SLAB) last announced its quarterly earnings results on Wednesday, February 7th. The semiconductor company reported ($1.46) EPS for the quarter, beating analysts’ consensus estimates of ($1.91) by $0.45. The firm had revenue of $86.85 million during the quarter, compared to analysts’ expectations of $85.32 million. Silicon Laboratories had a negative net margin of 4.41% and a positive return on equity of 0.97%. As a group, equities research analysts anticipate that Silicon Laboratories Inc. will post -1.66 EPS for the current fiscal 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.