9,600 Shares in Silicon Laboratories, Inc. $SLAB Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new stake in Silicon Laboratories, Inc. (NASDAQ:SLAB) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 9,600 shares of the semiconductor company’s stock, valued at approximately $1,998,000.

Several other large investors have also modified their holdings of SLAB. AQR Capital Management LLC increased its holdings in shares of Silicon Laboratories by 43.7% in the 1st quarter. AQR Capital Management LLC now owns 17,892 shares of the semiconductor company’s stock valued at $2,001,000 after acquiring an additional 5,439 shares during the period. Millennium Management LLC boosted its stake in Silicon Laboratories by 2,804.1% during the 1st quarter. Millennium Management LLC now owns 99,842 shares of the semiconductor company’s stock worth $11,239,000 after purchasing an additional 96,404 shares during the period. Jones Financial Companies Lllp grew its position in Silicon Laboratories by 121.4% during the 1st quarter. Jones Financial Companies Lllp now owns 496 shares of the semiconductor company’s stock worth $56,000 after purchasing an additional 272 shares during the last quarter. United Services Automobile Association acquired a new position in Silicon Laboratories in the first quarter valued at $235,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Silicon Laboratories by 1.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 97,156 shares of the semiconductor company’s stock valued at $10,937,000 after purchasing an additional 1,679 shares during the period.

Insider Transactions at Silicon Laboratories

In other news, CEO Robert Matthew Johnson sold 8,024 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $216.83, for a total value of $1,739,843.92. Following the completion of the sale, the chief executive officer directly owned 80,519 shares of the company’s stock, valued at $17,458,934.77. This trade represents a 9.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.60% of the company’s stock.

Silicon Laboratories Stock Down 0.2%

Shares of NASDAQ:SLAB opened at $218.56 on Wednesday. Silicon Laboratories, Inc. has a fifty-two week low of $115.50 and a fifty-two week high of $220.90. The firm’s 50-day simple moving average is $217.66 and its 200-day simple moving average is $192.34. The company has a market cap of $7.21 billion, a price-to-earnings ratio of -142.85 and a beta of 1.37.

Silicon Laboratories (NASDAQ:SLAB) last posted its quarterly earnings results on Tuesday, May 5th. The semiconductor company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.04. The firm had revenue of $213.50 million during the quarter, compared to analysts’ expectations of $214.02 million. Silicon Laboratories had a negative net margin of 6.13% and a negative return on equity of 2.18%. The firm’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same period in the prior year, the company posted ($0.08) earnings per share. On average, research analysts forecast that Silicon Laboratories, Inc. will post 0.74 EPS for the current year.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Silicon Laboratories in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $171.43.

Silicon Laboratories Profile

Silicon Laboratories (NASDAQ:SLAB) is a global semiconductor company that develops high-performance analog and mixed-signal integrated circuits, wireless system-on-chips (SoCs), microcontrollers, and radio frequency (RF) solutions. Its product portfolio is tailored to support the Internet of Things (IoT), infrastructure, industrial automation, consumer electronics, automotive, and energy markets. By combining silicon, software, and tools, Silicon Labs aims to accelerate development cycles and deliver low-power, highly integrated solutions that address demanding application requirements.

Founded in 1996 and headquartered in Austin, Texas, Silicon Labs has grown into a multinational organization with engineering and sales operations across North America, Europe, and Asia.