Retirement Systems of Alabama Acquires 145 Shares of Silicon Laboratories (SLAB)

Retirement Systems of Alabama lifted its holdings in shares of Silicon Laboratories (NASDAQ:SLAB) by 0.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 117,715 shares of the semiconductor company’s stock after purchasing an additional 145 shares during the period. Retirement Systems of Alabama’s holdings in Silicon Laboratories were worth $9,518,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Vanguard Group Inc lifted its holdings in shares of Silicon Laboratories by 2.3% during the third 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 during the period. Legal & General Group Plc lifted its holdings in shares of Silicon Laboratories by 2.8% during the third quarter. Legal & General Group Plc now owns 42,674 shares of the semiconductor company’s stock worth $3,918,000 after purchasing an additional 1,171 shares during the period. Stephens Inc. AR lifted its holdings in shares of Silicon Laboratories by 47.9% during the fourth quarter. Stephens Inc. AR now owns 2,015 shares of the semiconductor company’s stock worth $159,000 after purchasing an additional 653 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Silicon Laboratories by 9.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,923 shares of the semiconductor company’s stock worth $230,000 after purchasing an additional 241 shares during the period. Finally, Davidson Investment Advisors lifted its holdings in shares of Silicon Laboratories by 4.9% during the fourth quarter. Davidson Investment Advisors now owns 76,738 shares of the semiconductor company’s stock worth $6,048,000 after purchasing an additional 3,575 shares during the period. Institutional investors own 92.86% of the company’s stock.

In other Silicon Laboratories news, Director William G. Bock sold 1,000 shares of Silicon Laboratories stock in a transaction on Friday, February 15th. The shares were sold at an average price of $87.74, for a total value of $87,740.00. Following the completion of the sale, the director now directly owns 38,751 shares of the company’s stock, valued at $3,400,012.74. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.10% of the company’s stock.

Shares of NASDAQ SLAB opened at $92.75 on Monday. Silicon Laboratories has a twelve month low of $73.13 and a twelve month high of $110.70. The firm has a market cap of $4.02 billion, a P/E ratio of 32.43, a PEG ratio of 3.40 and a beta of 1.47. The company has a quick ratio of 5.19, a current ratio of 5.71 and a debt-to-equity ratio of 0.33.

Silicon Laboratories (NASDAQ:SLAB) last announced its earnings results on Wednesday, January 30th. The semiconductor company reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.03). Silicon Laboratories had a return on equity of 12.13% and a net margin of 9.63%. The firm had revenue of $215.50 million for the quarter, compared to the consensus estimate of $224.21 million. During the same period in the prior year, the business earned $0.93 EPS. Silicon Laboratories’s quarterly revenue was up 7.2% on a year-over-year basis. On average, research analysts predict that Silicon Laboratories will post 1.82 EPS for the current fiscal year.

A number of equities analysts have recently commented on the stock. Benchmark cut their price target on shares of Silicon Laboratories from $110.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, January 30th. BidaskClub downgraded shares of Silicon Laboratories from a “buy” rating to a “hold” rating in a research note on Thursday, January 31st. Zacks Investment Research raised shares of Silicon Laboratories from a “hold” rating to a “buy” rating and set a $95.00 target price for the company in a research note on Wednesday, January 16th. ValuEngine raised shares of Silicon Laboratories from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Roth Capital lifted their target price on shares of Silicon Laboratories from $95.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $101.10.

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

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