Pier 88 Investment Partners LLC Buys 3,630 Shares of Silicon Laboratories, Inc. $SLAB

Pier 88 Investment Partners LLC raised its stake in Silicon Laboratories, Inc. (NASDAQ:SLAB) by 56.0% in the third quarter, Holdings Channel reports. The firm owned 10,112 shares of the semiconductor company’s stock after acquiring an additional 3,630 shares during the quarter. Pier 88 Investment Partners LLC’s holdings in Silicon Laboratories were worth $1,326,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in SLAB. AQR Capital Management LLC boosted its holdings in shares of Silicon Laboratories by 1,970.7% in the 2nd quarter. AQR Capital Management LLC now owns 370,492 shares of the semiconductor company’s stock valued at $54,516,000 after buying an additional 352,600 shares during the last quarter. Norges Bank acquired a new stake in Silicon Laboratories in the second quarter valued at $45,857,000. American Century Companies Inc. grew its position in shares of Silicon Laboratories by 26.1% in the 2nd quarter. American Century Companies Inc. now owns 643,142 shares of the semiconductor company’s stock valued at $94,774,000 after acquiring an additional 132,964 shares during the period. Squarepoint Ops LLC lifted its stake in Silicon Laboratories by 244.1% in the 2nd quarter. Squarepoint Ops LLC now owns 167,595 shares of the semiconductor company’s stock valued at $24,697,000 after purchasing an additional 118,883 shares during the last quarter. Finally, Prudential Financial Inc. lifted its position in shares of Silicon Laboratories by 2,972.9% in the second quarter. Prudential Financial Inc. now owns 99,807 shares of the semiconductor company’s stock valued at $14,708,000 after buying an additional 96,559 shares during the last quarter.

Insiders Place Their Bets

In other Silicon Laboratories news, SVP Brandon Tolany sold 4,246 shares of Silicon Laboratories stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $140.17, for a total value of $595,161.82. Following the completion of the transaction, the senior vice president directly owned 62,381 shares of the company’s stock, valued at $8,743,944.77. The trade was a 6.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Nina Richardson sold 1,355 shares of the company’s stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $149.00, for a total value of $201,895.00. Following the sale, the director owned 8,543 shares of the company’s stock, valued at approximately $1,272,907. The trade was a 13.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 7,555 shares of company stock worth $1,073,528. Corporate insiders own 1.60% of the company’s stock.

Silicon Laboratories Stock Performance

SLAB opened at $140.61 on Tuesday. The stock has a fifty day moving average of $136.60 and a 200-day moving average of $134.63. The company has a market capitalization of $4.62 billion, a P/E ratio of -53.26 and a beta of 1.55. Silicon Laboratories, Inc. has a fifty-two week low of $82.82 and a fifty-two week high of $160.00.

Silicon Laboratories (NASDAQ:SLAB) last released its quarterly earnings results on Tuesday, November 4th. The semiconductor company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. Silicon Laboratories had a negative net margin of 11.58% and a negative return on equity of 6.04%. The business had revenue of $206.00 million for the quarter, compared to analyst estimates of $205.04 million. Silicon Laboratories has set its Q4 2025 guidance at 0.400-0.700 EPS. On average, equities research analysts predict that Silicon Laboratories, Inc. will post -0.97 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on SLAB. Royal Bank Of Canada started coverage on Silicon Laboratories in a report on Thursday, January 15th. They set a “sector perform” rating and a $160.00 target price on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Silicon Laboratories in a research note on Monday, December 29th. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Silicon Laboratories presently has a consensus rating of “Hold” and a consensus target price of $154.25.

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.