New York State Teachers Retirement System Has $4.52 Million Stake in Silicon Laboratories Inc. (NASDAQ:SLAB)

New York State Teachers Retirement System reduced its holdings in Silicon Laboratories Inc. (NASDAQ:SLAB) by 0.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 36,356 shares of the semiconductor company’s stock after selling 100 shares during the quarter. New York State Teachers Retirement System owned about 0.11% of Silicon Laboratories worth $4,516,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Creative Planning grew its holdings in Silicon Laboratories by 116.0% in the 3rd quarter. Creative Planning now owns 7,985 shares of the semiconductor company’s stock valued at $923,000 after buying an additional 4,289 shares during the last quarter. Raymond James & Associates boosted its position in shares of Silicon Laboratories by 4.1% in the third quarter. Raymond James & Associates now owns 65,623 shares of the semiconductor company’s stock valued at $7,584,000 after acquiring an additional 2,561 shares during the period. International Assets Investment Management LLC grew its stake in shares of Silicon Laboratories by 11,457.1% in the third quarter. International Assets Investment Management LLC now owns 809 shares of the semiconductor company’s stock worth $93,000 after acquiring an additional 802 shares during the last quarter. Mount Yale Investment Advisors LLC bought a new position in Silicon Laboratories during the third quarter worth $208,000. Finally, Schwartz Investment Counsel Inc. raised its stake in Silicon Laboratories by 17.9% during the 3rd quarter. Schwartz Investment Counsel Inc. now owns 230,000 shares of the semiconductor company’s stock valued at $26,581,000 after purchasing an additional 35,000 shares during the last quarter.

Silicon Laboratories Stock Performance

Shares of NASDAQ SLAB opened at $158.70 on Friday. Silicon Laboratories Inc. has a 52-week low of $94.00 and a 52-week high of $158.76. The business has a fifty day moving average of $135.60 and a two-hundred day moving average of $119.37. The stock has a market cap of $5.15 billion, a PE ratio of -26.72 and a beta of 1.16.

Silicon Laboratories (NASDAQ:SLAB) last announced its earnings results on Tuesday, February 4th. The semiconductor company reported ($0.11) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.11). The business had revenue of $166.25 million during the quarter, compared to analysts’ expectations of $166.09 million. Silicon Laboratories had a negative net margin of 32.69% and a negative return on equity of 10.46%. The firm’s revenue for the quarter was up 91.4% on a year-over-year basis. During the same quarter last year, the company posted ($1.19) EPS. Analysts predict that Silicon Laboratories Inc. will post -0.97 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on SLAB. Barclays raised their price target on shares of Silicon Laboratories from $75.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Friday, January 17th. Benchmark raised Silicon Laboratories from a “hold” rating to a “buy” rating and set a $160.00 target price on the stock in a research report on Wednesday, February 5th. StockNews.com cut Silicon Laboratories from a “hold” rating to a “sell” rating in a report on Friday, February 14th. KeyCorp lifted their price objective on Silicon Laboratories from $115.00 to $160.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. lowered their price objective on Silicon Laboratories from $150.00 to $135.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $136.20.

Insider Activity

In other news, Director Navdeep S. Sooch sold 2,360 shares of the firm’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $149.00, for a total value of $351,640.00. Following the completion of the sale, the director now directly owns 400,567 shares in the company, valued at approximately $59,684,483. This trade represents a 0.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director William G. Bock sold 1,000 shares of Silicon Laboratories stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $149.43, for a total value of $149,430.00. Following the completion of the transaction, the director now directly owns 31,115 shares of the company’s stock, valued at $4,649,514.45. This represents a 3.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,360 shares of company stock worth $782,610. Insiders own 1.72% of the company’s stock.

Silicon Laboratories 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.