State Treasurer State of Michigan cut its holdings in Silicon Laboratories (NASDAQ:SLAB) by 3.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 15,400 shares of the semiconductor company’s stock after selling 600 shares during the quarter. State Treasurer State of Michigan’s holdings in Silicon Laboratories were worth $1,214,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc raised its stake in shares of Silicon Laboratories by 2.3% during the 3rd quarter. Vanguard Group Inc now owns 3,995,961 shares of the semiconductor company’s stock worth $366,828,000 after purchasing an additional 90,944 shares in the last quarter. MetLife Investment Advisors LLC raised its stake in Silicon Laboratories by 19.1% in the 3rd quarter. MetLife Investment Advisors LLC now owns 55,634 shares of the semiconductor company’s stock valued at $5,107,000 after acquiring an additional 8,930 shares during the period. Legal & General Group Plc raised its stake in Silicon Laboratories by 2.8% in the 3rd quarter. Legal & General Group Plc now owns 42,674 shares of the semiconductor company’s stock valued at $3,918,000 after acquiring an additional 1,171 shares during the period. FMR LLC raised its stake in Silicon Laboratories by 1.2% in the 2nd quarter. FMR LLC now owns 6,484,660 shares of the semiconductor company’s stock valued at $645,872,000 after acquiring an additional 75,633 shares during the period. Finally, Davidson Investment Advisors raised its stake in Silicon Laboratories by 4.9% in the 4th quarter. Davidson Investment Advisors now owns 76,738 shares of the semiconductor company’s stock valued at $6,048,000 after acquiring an additional 3,575 shares during the period. Institutional investors and hedge funds own 95.50% of the company’s stock.
A number of research firms recently weighed in on SLAB. Benchmark dropped their price target on Silicon Laboratories from $110.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, January 30th. BidaskClub upgraded Silicon Laboratories from a “sell” rating to a “hold” rating in a research note on Tuesday, November 20th. MKM Partners dropped their price target on Silicon Laboratories to $85.00 and set a “neutral” rating on the stock in a research note on Friday, October 26th. William Blair began coverage on Silicon Laboratories in a research note on Thursday, October 25th. They issued a “market perform” rating on the stock. Finally, Zacks Investment Research upgraded Silicon Laboratories from a “hold” rating to a “buy” rating and set a $95.00 price target on the stock in a research note on Wednesday, January 16th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. Silicon Laboratories presently has an average rating of “Hold” and an average price target of $99.60.
NASDAQ SLAB traded up $1.18 on Monday, reaching $88.34. The stock had a trading volume of 277,117 shares, compared to its average volume of 414,779. The company has a debt-to-equity ratio of 0.33, a current ratio of 5.71 and a quick ratio of 5.19. Silicon Laboratories has a 1-year low of $73.13 and a 1-year high of $110.70. The firm has a market cap of $3.81 billion, a price-to-earnings ratio of 30.89, a P/E/G ratio of 3.17 and a beta of 1.49.
Silicon Laboratories (NASDAQ:SLAB) last issued its quarterly earnings data on Wednesday, January 30th. The semiconductor company reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.03). Silicon Laboratories had a net margin of 9.63% and a return on equity of 12.13%. The firm had revenue of $215.50 million during the quarter, compared to analyst estimates of $224.21 million. During the same period in the prior year, the company earned $0.93 earnings per share. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, equities analysts anticipate that Silicon Laboratories will post 1.82 earnings per share for the current fiscal year.
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Silicon Laboratories Company Profile
Silicon Laboratories Inc, a fabless semiconductor company, designs, develops, and markets mixed-signal integrated circuits (ICs) in the United States, China, and internationally. The company offers Internet of things products, including 8-bit mixed-signal, 32-bit wireless, and ultra-low-power 32-bit microcontrollers; wireless connectivity devices, such as multiprotocol wireless Gecko system-on-chip devices; real-time operating systems; sensor products comprising optical, relative humidity/temperature, and hall effect magnetic sensors.
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