Mutual of America Capital Management LLC Sells 1,752 Shares of Silicon Laboratories Inc. (NASDAQ:SLAB)

Mutual of America Capital Management LLC lowered its stake in shares of Silicon Laboratories Inc. (NASDAQ:SLAB) by 4.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,385 shares of the semiconductor company’s stock after selling 1,752 shares during the period. Mutual of America Capital Management LLC owned 0.11% of Silicon Laboratories worth $4,548,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Ratings Changes

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

Silicon Laboratories Trading Down 1.5 %

Shares of Silicon Laboratories stock opened at $124.37 on Tuesday. The company has a 50-day simple moving average of $136.71 and a two-hundred day simple moving average of $121.92. Silicon Laboratories Inc. has a one year low of $74.56 and a one year high of $172.94.

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

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.