State of New Jersey Common Pension Fund D Has $3.28 Million Stock Holdings in Silicon Laboratories Inc. (NASDAQ:SLAB)

State of New Jersey Common Pension Fund D boosted its position in Silicon Laboratories Inc. (NASDAQ:SLAB - Free Report) by 33.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,763 shares of the semiconductor company's stock after acquiring an additional 6,141 shares during the period. State of New Jersey Common Pension Fund D owned 0.08% of Silicon Laboratories worth $3,275,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. L. Roy Papp & Associates LLP lifted its stake in Silicon Laboratories by 1.2% in the fourth quarter. L. Roy Papp & Associates LLP now owns 9,920 shares of the semiconductor company's stock valued at $1,312,000 after buying an additional 120 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its stake in Silicon Laboratories by 20.0% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 733 shares of the semiconductor company's stock valued at $85,000 after buying an additional 122 shares during the period. Global Retirement Partners LLC lifted its stake in Silicon Laboratories by 31.7% in the third quarter. Global Retirement Partners LLC now owns 507 shares of the semiconductor company's stock valued at $58,000 after buying an additional 122 shares during the period. CWM LLC lifted its stake in Silicon Laboratories by 78.1% in the fourth quarter. CWM LLC now owns 374 shares of the semiconductor company's stock valued at $49,000 after buying an additional 164 shares during the period. Finally, Linden Thomas Advisory Services LLC lifted its stake in Silicon Laboratories by 2.0% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 8,871 shares of the semiconductor company's stock valued at $1,173,000 after buying an additional 177 shares during the period.

Silicon Laboratories Stock Up 2.7 %

Shares of NASDAQ:SLAB traded up $3.20 during mid-day trading on Friday, reaching $122.13. 484,446 shares of the stock were exchanged, compared to its average volume of 390,283. The company has a market cap of $3.90 billion, a P/E ratio of -36.90 and a beta of 1.27. Silicon Laboratories Inc. has a one year low of $74.56 and a one year high of $166.94. The stock's 50 day simple moving average is $133.57 and its 200-day simple moving average is $122.19.

Silicon Laboratories (NASDAQ:SLAB - Get Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The semiconductor company reported ($1.34) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.29) by ($0.05). The firm had revenue of $106.38 million for the quarter, compared to the consensus estimate of $104.45 million. Silicon Laboratories had a negative return on equity of 4.45% and a negative net margin of 16.36%. Analysts anticipate that Silicon Laboratories Inc. will post -1.66 EPS for the current fiscal year.

Analysts Set New Price Targets

SLAB has been the topic of several analyst reports. TD Cowen cut their target price on Silicon Laboratories from $155.00 to $145.00 and set a "buy" rating on the stock in a research note on Thursday. Benchmark reaffirmed a "hold" rating on shares of Silicon Laboratories in a research report on Thursday. JPMorgan Chase & Co. dropped their price target on Silicon Laboratories from $165.00 to $150.00 and set an "overweight" rating on the stock in a research report on Thursday. Summit Insights lowered Silicon Laboratories from a "buy" rating to a "hold" rating in a research report on Wednesday. Finally, Citigroup dropped their price target on Silicon Laboratories from $137.00 to $120.00 and set a "neutral" rating on the stock in a research report on Thursday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $135.00.

Silicon Laboratories 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.