Nisa Investment Advisors LLC Has $534,000 Stake in Silicon Laboratories Inc. (NASDAQ:SLAB)

Nisa Investment Advisors LLC decreased its position in Silicon Laboratories Inc. (NASDAQ:SLAB) by 10.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,034 shares of the semiconductor company’s stock after selling 471 shares during the period. Nisa Investment Advisors LLC’s holdings in Silicon Laboratories were worth $534,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. HighTower Advisors LLC boosted its stake in shares of Silicon Laboratories by 17.4% during the 1st quarter. HighTower Advisors LLC now owns 1,421 shares of the semiconductor company’s stock valued at $214,000 after buying an additional 211 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Silicon Laboratories by 12.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,094 shares of the semiconductor company’s stock valued at $766,000 after buying an additional 580 shares during the period. Natixis Advisors L.P. boosted its stake in shares of Silicon Laboratories by 2.5% during the 1st quarter. Natixis Advisors L.P. now owns 12,997 shares of the semiconductor company’s stock valued at $1,952,000 after buying an additional 319 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Silicon Laboratories by 5.1% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,999 shares of the semiconductor company’s stock valued at $2,103,000 after buying an additional 675 shares during the period. Finally, Great West Life Assurance Co. Can boosted its stake in shares of Silicon Laboratories by 13.1% during the 1st quarter. Great West Life Assurance Co. Can now owns 23,361 shares of the semiconductor company’s stock valued at $3,615,000 after buying an additional 2,701 shares during the period.

Analyst Upgrades and Downgrades

SLAB has been the subject of a number of research reports. Barclays lifted their target price on shares of Silicon Laboratories from $120.00 to $140.00 and gave the company an “equal weight” rating in a research note on Thursday, February 8th. TD Cowen raised their price target on shares of Silicon Laboratories from $140.00 to $155.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. Stifel Nicolaus raised their price target on shares of Silicon Laboratories from $136.00 to $155.00 and gave the company a “buy” rating in a report on Tuesday, January 2nd. StockNews.com downgraded shares of Silicon Laboratories from a “hold” rating to a “sell” rating in a report on Friday, December 29th. Finally, JPMorgan Chase & Co. raised their price target on shares of Silicon Laboratories from $145.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $143.29.

Silicon Laboratories Price Performance

Shares of SLAB opened at $121.53 on Thursday. The company has a market capitalization of $3.88 billion, a PE ratio of -107.55 and a beta of 1.27. Silicon Laboratories Inc. has a one year low of $74.56 and a one year high of $172.94. The company’s fifty day moving average price is $136.59 and its 200 day moving average price is $121.98.

Silicon Laboratories (NASDAQ:SLAB) last announced its earnings results on Wednesday, February 7th. The semiconductor company reported ($1.46) EPS for the quarter, topping the consensus estimate of ($1.91) by $0.45. The firm had revenue of $86.85 million for the quarter, compared to the consensus estimate of $85.32 million. Silicon Laboratories had a negative net margin of 4.41% and a positive return on equity of 0.97%. Analysts anticipate that Silicon Laboratories Inc. will post -1.66 earnings per share for the current year.

About Silicon Laboratories

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.