California Public Employees Retirement System boosted its stake in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB) by 1.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 70,391 shares of the semiconductor company’s stock after buying an additional 691 shares during the period. California Public Employees Retirement System owned approximately 0.17% of Silicon Laboratories worth $5,624,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in SLAB. Quantbot Technologies LP acquired a new stake in Silicon Laboratories during the 2nd quarter worth approximately $102,000. Advisors Asset Management Inc. grew its stake in shares of Silicon Laboratories by 75.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,292 shares of the semiconductor company’s stock worth $103,000 after acquiring an additional 554 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Silicon Laboratories by 10.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,623 shares of the semiconductor company’s stock worth $111,000 after acquiring an additional 148 shares in the last quarter. Riverhead Capital Management LLC grew its stake in shares of Silicon Laboratories by 76.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,297 shares of the semiconductor company’s stock worth $157,000 after acquiring an additional 997 shares in the last quarter. Finally, BT Investment Management Ltd bought a new position in shares of Silicon Laboratories during the 2nd quarter worth approximately $202,000. Hedge funds and other institutional investors own 90.80% of the company’s stock.

In related news, Director William P. Wood sold 5,000 shares of the firm’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $92.50, for a total value of $462,500.00. Following the completion of the transaction, the director now directly owns 30,526 shares of the company’s stock, valued at $2,823,655. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO John C. Hollister sold 2,000 shares of the firm’s stock in a transaction on Wednesday, October 18th. The shares were sold at an average price of $88.45, for a total transaction of $176,900.00. Following the completion of the transaction, the chief financial officer now directly owns 64,767 shares of the company’s stock, valued at $5,728,641.15. The disclosure for this sale can be found here. Insiders sold 14,700 shares of company stock valued at $1,337,650 over the last three months. 34.82% of the stock is owned by company insiders.

Silicon Laboratories, Inc. (SLAB) opened at $94.75 on Friday. Silicon Laboratories, Inc. has a 52 week low of $63.15 and a 52 week high of $96.93. The company has a debt-to-equity ratio of 0.40, a quick ratio of 5.20 and a current ratio of 5.66. The firm has a market cap of $4,011.76, a P/E ratio of 56.74, a PEG ratio of 2.43 and a beta of 1.37.

Silicon Laboratories (NASDAQ:SLAB) last released its earnings results on Wednesday, October 25th. The semiconductor company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.09. Silicon Laboratories had a net margin of 9.60% and a return on equity of 11.06%. The business had revenue of $198.70 million during the quarter, compared to analysts’ expectations of $196.20 million. During the same period last year, the business earned $0.77 earnings per share. The firm’s revenue was up 11.6% on a year-over-year basis. equities research analysts predict that Silicon Laboratories, Inc. will post 2.27 earnings per share for the current fiscal year.

Several equities analysts have recently weighed in on the stock. BidaskClub raised shares of Silicon Laboratories from a “hold” rating to a “buy” rating in a research note on Saturday. Zacks Investment Research cut shares of Silicon Laboratories from a “buy” rating to a “hold” rating in a research note on Friday. Needham & Company LLC reaffirmed a “buy” rating and set a $110.00 price target on shares of Silicon Laboratories in a research note on Monday, December 11th. Roth Capital raised their price target on shares of Silicon Laboratories from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Monday, December 11th. Finally, B. Riley reaffirmed a “buy” rating and set a $115.00 price target on shares of Silicon Laboratories in a research note on Friday, December 8th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $99.44.

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Silicon Laboratories Profile

Silicon Laboratories Inc is a provider of silicon, software and solutions for the Internet of Things (IoT), Internet infrastructure, industrial, consumer and automotive markets. The Company operates through mixed-signal analog intensive products segment. It provides analog-intensive, mixed-signal solutions for use in a range of electronic products in various applications for the IoT market.

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

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