Strs Ohio Sells 200 Shares of Silicon Laboratories Inc. (NASDAQ:SLAB)

Strs Ohio lowered its stake in shares of Silicon Laboratories Inc. (NASDAQ:SLAB) by 7.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,400 shares of the semiconductor company’s stock after selling 200 shares during the period. Strs Ohio’s holdings in Silicon Laboratories were worth $317,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in SLAB. Adage Capital Partners GP L.L.C. acquired a new position in Silicon Laboratories during the 3rd quarter worth approximately $24,453,000. Van Berkom & Associates Inc. increased 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 acquiring an additional 152,269 shares in the last quarter. Schwartz Investment Counsel Inc. raised its position in shares of Silicon Laboratories by 69.6% during the fourth 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. Federated Hermes Inc. raised its position 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 worth $55,990,000 after purchasing an additional 72,168 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of Silicon Laboratories by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 3,285,032 shares of the semiconductor company’s stock worth $380,702,000 after purchasing an additional 55,586 shares in the last quarter.

Silicon Laboratories Stock Performance

NASDAQ SLAB opened at $123.75 on Tuesday. The company has a market capitalization of $3.95 billion, a PE ratio of -37.39 and a beta of 1.27. Silicon Laboratories Inc. has a 52-week low of $74.56 and a 52-week high of $166.94. The company has a 50-day simple moving average of $133.25 and a 200 day simple moving average of $122.29.

Silicon Laboratories (NASDAQ:SLAB) last issued its quarterly earnings results on Wednesday, April 24th. The semiconductor company reported ($1.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.29) by ($0.05). Silicon Laboratories had a negative return on equity of 4.45% and a negative net margin of 16.36%. The company had revenue of $106.38 million for the quarter, compared to analysts’ expectations of $104.45 million. As a group, analysts forecast that Silicon Laboratories Inc. will post -1.66 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Stifel Nicolaus boosted their price target 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. Benchmark reissued a “hold” rating on shares of Silicon Laboratories in a research report on Thursday, April 25th. JPMorgan Chase & Co. cut their price objective on shares of Silicon Laboratories from $165.00 to $150.00 and set an “overweight” rating on the stock in a report on Thursday, April 25th. TD Cowen lowered their target price on shares of Silicon Laboratories from $155.00 to $145.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Finally, Citigroup cut their price target on shares of Silicon Laboratories from $137.00 to $120.00 and set a “neutral” rating on the stock in a report on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $135.00.

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.