6,400 Shares in Silicon Laboratories, Inc. $SLAB Acquired by Strs Ohio

Key Points

• Strs Ohio acquired 6,400 shares of Silicon Laboratories, Inc. (NASDAQ:SLAB) in the first quarter, totaling approximately $720,000.
• Several institutional investors, including Ameriprise Financial and Millennium Management, have significantly increased their holdings in Silicon Laboratories over recent quarters.
• Equity analysts have raised their price targets for Silicon Laboratories, with Susquehanna increasing it from $110 to $150 and KeyCorp from $160 to $180, reflecting a generally positive outlook for the stock.

Strs Ohio purchased a new stake in Silicon Laboratories, Inc. (NASDAQ:SLAB - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 6,400 shares of the semiconductor company's stock, valued at approximately $720,000.

A number of other hedge funds have also made changes to their positions in the stock. Ameriprise Financial Inc. increased its position in shares of Silicon Laboratories by 9.9% during the 4th quarter. Ameriprise Financial Inc. now owns 37,992 shares of the semiconductor company's stock valued at $4,719,000 after purchasing an additional 3,436 shares during the period. Cetera Investment Advisers boosted its holdings in Silicon Laboratories by 14.2% during the fourth quarter. Cetera Investment Advisers now owns 2,917 shares of the semiconductor company's stock worth $362,000 after buying an additional 362 shares in the last quarter. Millennium Management LLC boosted its holdings in Silicon Laboratories by 27.3% during the fourth quarter. Millennium Management LLC now owns 3,438 shares of the semiconductor company's stock worth $427,000 after buying an additional 738 shares in the last quarter. Man Group plc bought a new stake in Silicon Laboratories during the fourth quarter worth approximately $798,000. Finally, Quantinno Capital Management LP bought a new stake in Silicon Laboratories during the fourth quarter worth approximately $250,000.

Insider Buying and Selling

In other Silicon Laboratories news, SVP Brandon Tolany sold 8,000 shares of the firm's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $145.23, for a total value of $1,161,840.00. Following the transaction, the senior vice president directly owned 62,328 shares of the company's stock, valued at $9,051,895.44. This trade represents a 11.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 12,070 shares of company stock worth $1,703,472 over the last 90 days. 1.60% of the stock is currently owned by company insiders.

Silicon Laboratories Stock Down 1.1%

Shares of SLAB traded down $1.48 during trading hours on Tuesday, hitting $135.52. The company had a trading volume of 24,683 shares, compared to its average volume of 387,520. The firm has a market cap of $4.45 billion, a price-to-earnings ratio of -42.18 and a beta of 1.52. The business has a fifty day moving average of $135.25 and a 200-day moving average of $126.26. Silicon Laboratories, Inc. has a 12 month low of $82.82 and a 12 month high of $160.00.

Silicon Laboratories (NASDAQ:SLAB - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The semiconductor company reported $0.11 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.02. Silicon Laboratories had a negative net margin of 14.88% and a negative return on equity of 7.21%. The business had revenue of $192.85 million for the quarter, compared to analyst estimates of $192.57 million. During the same period last year, the firm earned ($0.56) earnings per share. Silicon Laboratories's revenue for the quarter was up 32.6% compared to the same quarter last year. Silicon Laboratories has set its Q3 2025 guidance at 0.200-0.400 EPS. On average, equities analysts expect that Silicon Laboratories, Inc. will post -0.97 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SLAB. Barclays increased their target price on shares of Silicon Laboratories from $100.00 to $130.00 and gave the stock an "equal weight" rating in a research report on Tuesday, August 5th. KeyCorp lifted their target price on shares of Silicon Laboratories from $160.00 to $180.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. Benchmark restated a "buy" rating and issued a $160.00 price target on shares of Silicon Laboratories in a research report on Tuesday, May 27th. Morgan Stanley decreased their target price on shares of 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. Finally, Susquehanna boosted their price target on shares of Silicon Laboratories from $110.00 to $150.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $151.13.

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.