Intech Investment Management LLC Increases Stake in Silicon Laboratories, Inc. $SLAB

Intech Investment Management LLC boosted its position in Silicon Laboratories, Inc. (NASDAQ:SLABFree Report) by 17.8% in the second quarter, Holdings Channel.com reports. The firm owned 23,824 shares of the semiconductor company’s stock after buying an additional 3,599 shares during the quarter. Intech Investment Management LLC’s holdings in Silicon Laboratories were worth $3,511,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Invesco Ltd. increased its holdings in shares of Silicon Laboratories by 42.7% in the 1st quarter. Invesco Ltd. now owns 849,730 shares of the semiconductor company’s stock worth $95,654,000 after purchasing an additional 254,348 shares in the last quarter. Geode Capital Management LLC increased its stake in Silicon Laboratories by 0.9% during the second quarter. Geode Capital Management LLC now owns 810,736 shares of the semiconductor company’s stock worth $119,484,000 after acquiring an additional 7,519 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its position in shares of Silicon Laboratories by 116.7% during the first quarter. Adage Capital Partners GP L.L.C. now owns 525,022 shares of the semiconductor company’s stock valued at $59,102,000 after buying an additional 282,785 shares during the period. American Century Companies Inc. increased its position in shares of Silicon Laboratories by 48.7% during the first quarter. American Century Companies Inc. now owns 510,178 shares of the semiconductor company’s stock worth $57,431,000 after acquiring an additional 167,047 shares during the period. Finally, Westfield Capital Management Co. LP bought a new stake in shares of Silicon Laboratories in the 1st quarter valued at about $37,249,000.

Silicon Laboratories Trading Down 0.6%

Shares of NASDAQ:SLAB opened at $116.69 on Wednesday. The business has a 50 day moving average of $131.64 and a two-hundred day moving average of $133.30. Silicon Laboratories, Inc. has a 12-month low of $82.82 and a 12-month high of $160.00. The company has a market capitalization of $3.83 billion, a PE ratio of -36.24 and a beta of 1.55.

Silicon Laboratories (NASDAQ:SLABGet Free Report) last released its quarterly earnings results on Tuesday, November 4th. The semiconductor company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.02. The firm had revenue of $206.00 million during the quarter, compared to the consensus estimate of $205.04 million. Silicon Laboratories had a negative net margin of 14.88% and a negative return on equity of 7.21%. Silicon Laboratories has set its Q4 2025 guidance at 0.400-0.700 EPS. Equities research analysts predict that Silicon Laboratories, Inc. will post -0.97 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Brandon Tolany sold 8,000 shares of the business’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $145.23, for a total transaction of $1,161,840.00. Following the completion of the transaction, the senior vice president directly owned 62,328 shares of the company’s stock, valued at $9,051,895.44. The trade was a 11.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Susquehanna raised their target price on shares of Silicon Laboratories from $110.00 to $150.00 and gave the company a “neutral” rating in a research note on Tuesday, July 22nd. Morgan Stanley reduced their target price on Silicon Laboratories from $157.00 to $144.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 6th. Barclays raised their price target on Silicon Laboratories from $100.00 to $130.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 5th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Silicon Laboratories in a research report on Thursday, November 13th. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Silicon Laboratories currently has a consensus rating of “Hold” and a consensus target price of $153.43.

Get Our Latest Analysis on Silicon Laboratories

Silicon Laboratories Company Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding SLAB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Silicon Laboratories, Inc. (NASDAQ:SLABFree Report).

Institutional Ownership by Quarter for Silicon Laboratories (NASDAQ:SLAB)

Receive News & Ratings for Silicon Laboratories Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Silicon Laboratories and related companies with MarketBeat.com's FREE daily email newsletter.