Louisiana State Employees Retirement System Invests $1.18 Million in Silicon Laboratories Inc. (NASDAQ:SLAB)

Louisiana State Employees Retirement System purchased a new position in shares of Silicon Laboratories Inc. (NASDAQ:SLAB) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 8,900 shares of the semiconductor company’s stock, valued at approximately $1,177,000.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in Silicon Laboratories by 1.7% in the third quarter. Vanguard Group Inc. now owns 3,285,032 shares of the semiconductor company’s stock worth $380,702,000 after acquiring an additional 55,586 shares during the last quarter. Van Berkom & Associates Inc. raised its holdings in shares of Silicon Laboratories by 36.2% during 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 last quarter. Federated Hermes Inc. raised its holdings in shares of Silicon Laboratories by 17.6% during the third quarter. Federated Hermes Inc. now owns 483,127 shares of the semiconductor company’s stock valued at $55,990,000 after buying an additional 72,168 shares during the last quarter. Eagle Asset Management Inc. raised its holdings in shares of Silicon Laboratories by 2.7% during the third quarter. Eagle Asset Management Inc. now owns 460,435 shares of the semiconductor company’s stock valued at $53,360,000 after buying an additional 12,174 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Silicon Laboratories by 6.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 417,103 shares of the semiconductor company’s stock valued at $48,338,000 after buying an additional 24,659 shares during the last quarter.

Silicon Laboratories Stock Performance

Silicon Laboratories stock opened at $119.12 on Tuesday. The firm has a market cap of $3.80 billion, a price-to-earnings ratio of -105.41 and a beta of 1.27. Silicon Laboratories Inc. has a 1 year low of $74.56 and a 1 year high of $168.22. The firm’s 50 day moving average price is $135.14 and its two-hundred day moving average price is $122.10.

Silicon Laboratories (NASDAQ:SLAB) last posted its quarterly earnings results on Wednesday, February 7th. The semiconductor company reported ($1.46) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.91) by $0.45. The firm had revenue of $86.85 million for the quarter, compared to analyst estimates 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 analysts predict that Silicon Laboratories Inc. will post -1.66 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. TD Cowen raised their price objective on shares of Silicon Laboratories from $140.00 to $155.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Barclays raised their price objective on shares of Silicon Laboratories from $120.00 to $140.00 and gave the company an “equal weight” rating in a research note on Thursday, February 8th. Stifel Nicolaus raised their price objective 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. StockNews.com lowered shares of Silicon Laboratories from a “hold” rating to a “sell” rating in a research note on Friday, December 29th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Silicon Laboratories from $145.00 to $165.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price 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.