Strs Ohio Has $317,000 Holdings in Silicon Laboratories Inc. (NASDAQ:SLAB)

Strs Ohio decreased its position in Silicon Laboratories Inc. (NASDAQ:SLAB) by 7.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,400 shares of the semiconductor company’s stock after selling 200 shares during the quarter. Strs Ohio’s holdings in Silicon Laboratories were worth $317,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. L. Roy Papp & Associates LLP raised its position in Silicon Laboratories by 1.2% in the 4th quarter. L. Roy Papp & Associates LLP now owns 9,920 shares of the semiconductor company’s stock valued at $1,312,000 after buying an additional 120 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of Silicon Laboratories by 20.0% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 733 shares of the semiconductor company’s stock worth $85,000 after purchasing an additional 122 shares in the last quarter. Venturi Wealth Management LLC acquired a new position in Silicon Laboratories during the third quarter worth $30,000. O Shaughnessy Asset Management LLC grew its position in Silicon Laboratories by 16.8% in the third quarter. O Shaughnessy Asset Management LLC now owns 1,833 shares of the semiconductor company’s stock valued at $212,000 after purchasing an additional 264 shares in the last quarter. Finally, Stifel Financial Corp grew its position in Silicon Laboratories by 1.7% in the third quarter. Stifel Financial Corp now owns 15,809 shares of the semiconductor company’s stock valued at $1,832,000 after purchasing an additional 269 shares in the last quarter.

Silicon Laboratories Price Performance

NASDAQ:SLAB opened at $123.75 on Tuesday. The firm’s fifty day moving average price is $133.25 and its two-hundred day moving average price is $122.29. The company has a market cap of $3.95 billion, a P/E ratio of -37.39 and a beta of 1.27. Silicon Laboratories Inc. has a one year low of $74.56 and a one year high of $166.94.

Silicon Laboratories (NASDAQ:SLAB) last released its quarterly earnings results on Wednesday, April 24th. The semiconductor company reported ($1.34) earnings per share for the quarter, missing the consensus estimate of ($1.29) by ($0.05). Silicon Laboratories had a negative net margin of 16.36% and a negative return on equity of 4.45%. The company had revenue of $106.38 million during the quarter, compared to the consensus estimate of $104.45 million. As a group, equities research analysts expect that Silicon Laboratories Inc. will post -1.66 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Silicon Laboratories from $165.00 to $150.00 and set an “overweight” rating for the company in a research note on Thursday, April 25th. Summit Insights cut Silicon Laboratories from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. Stifel Nicolaus boosted their price target on Silicon Laboratories from $136.00 to $155.00 and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. Benchmark reiterated a “hold” rating on shares of Silicon Laboratories in a research note on Thursday, April 25th. Finally, Citigroup decreased their target price on shares of Silicon Laboratories from $137.00 to $120.00 and set a “neutral” rating for the company in a research note on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $135.00.

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 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.