State of New Jersey Common Pension Fund D Purchases 2,730 Shares of Silicon Laboratories, Inc. $SLAB

State of New Jersey Common Pension Fund D grew its position in shares of Silicon Laboratories, Inc. (NASDAQ:SLABFree Report) by 17.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,484 shares of the semiconductor company’s stock after buying an additional 2,730 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.06% of Silicon Laboratories worth $2,416,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of SLAB. First Horizon Corp bought a new position in shares of Silicon Laboratories during the 3rd quarter worth approximately $35,000. EverSource Wealth Advisors LLC lifted its position in shares of Silicon Laboratories by 45.7% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 274 shares of the semiconductor company’s stock worth $36,000 after buying an additional 86 shares in the last quarter. UMB Bank n.a. lifted its position in shares of Silicon Laboratories by 43.9% during the 3rd quarter. UMB Bank n.a. now owns 282 shares of the semiconductor company’s stock worth $37,000 after buying an additional 86 shares in the last quarter. Mather Group LLC. bought a new position in shares of Silicon Laboratories during the 3rd quarter worth approximately $39,000. Finally, Hantz Financial Services Inc. lifted its position in shares of Silicon Laboratories by 189.6% during the 3rd quarter. Hantz Financial Services Inc. now owns 362 shares of the semiconductor company’s stock worth $47,000 after buying an additional 237 shares in the last quarter.

Analyst Ratings Changes

A number of equities research analysts recently commented on SLAB shares. Royal Bank Of Canada lifted their price target on shares of Silicon Laboratories from $160.00 to $205.00 and gave the stock a “sector perform” rating in a report on Thursday, February 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Silicon Laboratories in a report on Friday, March 27th. Needham & Company LLC cut shares of Silicon Laboratories from a “buy” rating to a “hold” rating in a report on Wednesday, February 4th. KeyCorp cut shares of Silicon Laboratories from an “overweight” rating to a “hold” rating in a report on Wednesday, February 4th. Finally, Citigroup lifted their price target on shares of Silicon Laboratories from $135.00 to $231.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. One analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $167.78.

View Our Latest Stock Analysis on SLAB

Silicon Laboratories Trading Down 0.8%

NASDAQ:SLAB opened at $216.54 on Thursday. The stock has a market capitalization of $7.14 billion, a PE ratio of -141.53 and a beta of 1.40. The firm’s 50 day moving average is $208.71 and its 200 day moving average is $168.06. Silicon Laboratories, Inc. has a 12 month low of $106.01 and a 12 month high of $218.68.

Silicon Laboratories (NASDAQ:SLABGet Free Report) last posted its quarterly earnings results on Tuesday, May 12th. The semiconductor company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.04. Silicon Laboratories had a negative net margin of 6.13% and a negative return on equity of 2.20%. The company had revenue of $213.50 million for the quarter, compared to analysts’ expectations of $214.02 million. During the same quarter in the previous year, the firm posted ($0.08) EPS. Silicon Laboratories’s revenue was up 20.1% on a year-over-year basis. Research analysts predict that Silicon Laboratories, Inc. will post 0.71 earnings per share for the current year.

Silicon Laboratories News Summary

Here are the key news stories impacting Silicon Laboratories this week:

Silicon Laboratories Profile

(Free Report)

Silicon Laboratories (NASDAQ:SLAB) is a global semiconductor company that develops high-performance analog and mixed-signal integrated circuits, wireless system-on-chips (SoCs), microcontrollers, and radio frequency (RF) solutions. Its product portfolio is tailored to support the Internet of Things (IoT), infrastructure, industrial automation, consumer electronics, automotive, and energy markets. By combining silicon, software, and tools, Silicon Labs aims to accelerate development cycles and deliver low-power, highly integrated solutions that address demanding application requirements.

Founded in 1996 and headquartered in Austin, Texas, Silicon Labs has grown into a multinational organization with engineering and sales operations across North America, Europe, and Asia.

Further Reading

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Institutional Ownership by Quarter for Silicon Laboratories (NASDAQ:SLAB)

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