Rhumbline Advisers decreased its stake in Silicon Laboratories Inc. (NASDAQ:SLAB – Free Report) by 3.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 106,893 shares of the semiconductor company’s stock after selling 3,311 shares during the quarter. Rhumbline Advisers owned approximately 0.34% of Silicon Laboratories worth $18,716,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Knights of Columbus Asset Advisors LLC boosted its position in Silicon Laboratories by 0.5% during the first quarter. Knights of Columbus Asset Advisors LLC now owns 14,977 shares of the semiconductor company’s stock worth $2,622,000 after acquiring an additional 80 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its position in Silicon Laboratories by 0.9% during the fourth quarter. State Board of Administration of Florida Retirement System now owns 9,937 shares of the semiconductor company’s stock worth $1,348,000 after acquiring an additional 90 shares during the last quarter. Laffer Tengler Investments boosted its position in Silicon Laboratories by 2.9% during the first quarter. Laffer Tengler Investments now owns 4,148 shares of the semiconductor company’s stock worth $726,000 after acquiring an additional 117 shares during the last quarter. Cooper Financial Group boosted its position in Silicon Laboratories by 6.9% during the first quarter. Cooper Financial Group now owns 2,269 shares of the semiconductor company’s stock worth $397,000 after acquiring an additional 146 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in Silicon Laboratories by 3.6% during the fourth quarter. AQR Capital Management LLC now owns 4,338 shares of the semiconductor company’s stock worth $583,000 after acquiring an additional 149 shares during the last quarter.
Analyst Ratings Changes
SLAB has been the topic of a number of recent research reports. StockNews.com initiated coverage on shares of Silicon Laboratories in a research report on Thursday, August 17th. They set a “hold” rating on the stock. KeyCorp lowered their price target on shares of Silicon Laboratories from $200.00 to $180.00 and set an “overweight” rating on the stock in a research report on Thursday, July 27th. Citigroup reduced their target price on shares of Silicon Laboratories from $165.00 to $148.00 and set a “neutral” rating on the stock in a research note on Friday, July 28th. Finally, Raymond James started coverage on shares of Silicon Laboratories in a research note on Friday, July 7th. They set a “market perform” rating on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Silicon Laboratories has an average rating of “Hold” and a consensus price target of $167.50.
Silicon Laboratories Stock Performance
Silicon Laboratories stock opened at $133.83 on Thursday. The company’s 50 day simple moving average is $147.27 and its 200-day simple moving average is $155.88. The company has a market capitalization of $4.26 billion, a price-to-earnings ratio of 63.73 and a beta of 1.10. Silicon Laboratories Inc. has a 1 year low of $109.44 and a 1 year high of $194.68.
Silicon Laboratories (NASDAQ:SLAB – Get Free Report) last announced its earnings results on Wednesday, July 26th. The semiconductor company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.06). Silicon Laboratories had a return on equity of 7.36% and a net margin of 7.00%. The business had revenue of $244.87 million for the quarter, compared to analysts’ expectations of $243.32 million. Equities analysts expect that Silicon Laboratories Inc. will post 1.99 earnings per share for the current year.
Insiders Place Their Bets
In other Silicon Laboratories news, CEO Robert Matthew Johnson sold 3,498 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $144.06, for a total transaction of $503,921.88. Following the completion of the transaction, the chief executive officer now owns 38,263 shares in the company, valued at approximately $5,512,167.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.96% of the stock is currently owned by company insiders.
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 Internet of Things (IoT), including connected home and security, industrial automation and control, smart metering, smart lighting, commercial building automation, consumer electronics, asset tracking, and medical instrumentation.