Louisiana State Employees Retirement System Sells 100 Shares of Silicon Laboratories Inc. (NASDAQ:SLAB)

Louisiana State Employees Retirement System trimmed its holdings in Silicon Laboratories Inc. (NASDAQ:SLAB) by 1.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,900 shares of the semiconductor company’s stock after selling 100 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Silicon Laboratories were worth $1,029,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of SLAB. Cullen Frost Bankers Inc. bought a new position in shares of Silicon Laboratories during the second quarter valued at approximately $28,000. Fidelis Capital Partners LLC purchased a new stake in shares of Silicon Laboratories in the 1st quarter worth approximately $55,000. GAMMA Investing LLC increased its position in Silicon Laboratories by 84.1% during the 3rd quarter. GAMMA Investing LLC now owns 497 shares of the semiconductor company’s stock valued at $57,000 after buying an additional 227 shares in the last quarter. Daiwa Securities Group Inc. purchased a new position in Silicon Laboratories during the second quarter valued at $60,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in Silicon Laboratories in the second quarter worth $82,000.

Insider Buying and Selling

In other news, SVP Brandon Tolany sold 845 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $115.00, for a total transaction of $97,175.00. Following the transaction, the senior vice president now directly owns 43,615 shares of the company’s stock, valued at $5,015,725. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.72% of the stock is currently owned by corporate insiders.

Silicon Laboratories Stock Performance

Shares of NASDAQ:SLAB opened at $106.23 on Friday. The firm has a market cap of $3.43 billion, a price-to-earnings ratio of -17.13 and a beta of 1.20. The business has a 50-day simple moving average of $112.84 and a two-hundred day simple moving average of $115.75. Silicon Laboratories Inc. has a fifty-two week low of $84.08 and a fifty-two week high of $154.91.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on SLAB shares. Needham & Company LLC restated a “buy” rating and set a $150.00 price target on shares of Silicon Laboratories in a report on Thursday, July 25th. StockNews.com upgraded shares of Silicon Laboratories to a “sell” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $140.00.

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.