Sei Investments Co. reduced its position in Silicon Laboratories (NASDAQ:SLAB) by 2.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 76,195 shares of the semiconductor company’s stock after selling 1,570 shares during the quarter. Sei Investments Co.’s holdings in Silicon Laboratories were worth $6,728,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the stock. New Mexico Educational Retirement Board bought a new position in Silicon Laboratories in the fourth quarter worth $927,000. Candriam Luxembourg S.C.A. lifted its position in Silicon Laboratories by 28.6% in the fourth quarter. Candriam Luxembourg S.C.A. now owns 71,747 shares of the semiconductor company’s stock worth $6,337,000 after purchasing an additional 15,946 shares during the period. Swiss National Bank lifted its position in Silicon Laboratories by 2.3% in the fourth quarter. Swiss National Bank now owns 72,400 shares of the semiconductor company’s stock worth $6,393,000 after purchasing an additional 1,600 shares during the period. M&T Bank Corp bought a new position in Silicon Laboratories in the fourth quarter worth $202,000. Finally, Teacher Retirement System of Texas lifted its position in Silicon Laboratories by 315.8% in the fourth quarter. Teacher Retirement System of Texas now owns 14,531 shares of the semiconductor company’s stock worth $1,283,000 after purchasing an additional 11,036 shares during the period. 89.66% of the stock is owned by hedge funds and other institutional investors.
Several brokerages recently commented on SLAB. Zacks Investment Research cut Silicon Laboratories from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. Roth Capital raised their target price on Silicon Laboratories from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Needham & Company LLC reaffirmed a “buy” rating and issued a $110.00 target price on shares of Silicon Laboratories in a research report on Monday, December 11th. BidaskClub raised Silicon Laboratories from a “hold” rating to a “buy” rating in a research report on Saturday, January 6th. Finally, B. Riley reaffirmed a “buy” rating on shares of Silicon Laboratories in a research report on Monday, January 29th. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $102.89.
Silicon Laboratories (NASDAQ:SLAB) opened at $93.50 on Thursday. The stock has a market capitalization of $4,018.88, a price-to-earnings ratio of 85.78, a price-to-earnings-growth ratio of 2.49 and a beta of 1.41. Silicon Laboratories has a twelve month low of $66.35 and a twelve month high of $100.00. The company has a debt-to-equity ratio of 0.36, a quick ratio of 5.39 and a current ratio of 5.84.
Silicon Laboratories (NASDAQ:SLAB) last issued its quarterly earnings data on Wednesday, January 31st. The semiconductor company reported $0.93 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.07. The company had revenue of $201.02 million during the quarter, compared to analysts’ expectations of $197.93 million. Silicon Laboratories had a return on equity of 11.11% and a net margin of 6.12%. The business’s revenue was up 10.1% on a year-over-year basis. During the same period last year, the business earned $0.75 earnings per share. equities research analysts anticipate that Silicon Laboratories will post 2.52 EPS for the current year.
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About Silicon Laboratories
Silicon Laboratories Inc is a provider of silicon, software and solutions for the Internet of Things (IoT), Internet infrastructure, industrial, consumer and automotive markets. The Company operates through mixed-signal analog intensive products segment. It provides analog-intensive, mixed-signal solutions for use in a range of electronic products in various applications for the IoT market.
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