Silicon Laboratories, Inc. $SLAB Shares Purchased by Adage Capital Partners GP L.L.C.

Key Points

• Adage Capital Partners GP L.L.C. significantly increased its stake in Silicon Laboratories, raising ownership by 116.7% to 525,022 shares, worth approximately $59.1 million.
• Several institutional investors have also made substantial moves in Silicon Laboratories, with notable stakes purchased by Westfield Capital Management at $37.2 million and Nuveen LLC at $32.3 million during the same quarter.
• Silicon Laboratories' stock has a consensus price target of $151.13 from analysts, with five ratings categorized as "Buy" and three as "Hold."

Adage Capital Partners GP L.L.C. increased its holdings in Silicon Laboratories, Inc. (NASDAQ:SLAB - Free Report) by 116.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 525,022 shares of the semiconductor company's stock after buying an additional 282,785 shares during the quarter. Adage Capital Partners GP L.L.C. owned about 1.62% of Silicon Laboratories worth $59,102,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Invesco Ltd. boosted its position in 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. American Century Companies Inc. boosted its stake in Silicon Laboratories by 48.7% during the 1st quarter. American Century Companies Inc. now owns 510,178 shares of the semiconductor company's stock worth $57,431,000 after purchasing an additional 167,047 shares during the last quarter. Northern Trust Corp boosted its stake in Silicon Laboratories by 12.5% during the 4th quarter. Northern Trust Corp now owns 415,007 shares of the semiconductor company's stock worth $51,552,000 after purchasing an additional 46,109 shares during the last quarter. Westfield Capital Management Co. LP acquired a new stake in Silicon Laboratories during the 1st quarter worth $37,249,000. Finally, Nuveen Asset Management LLC boosted its stake in Silicon Laboratories by 5.1% during the 4th quarter. Nuveen Asset Management LLC now owns 289,369 shares of the semiconductor company's stock worth $35,945,000 after purchasing an additional 14,117 shares during the last quarter.

Silicon Laboratories Trading Up 0.4%

Shares of SLAB stock traded up $0.56 during mid-day trading on Friday, reaching $135.48. The stock had a trading volume of 177,018 shares, compared to its average volume of 294,733. Silicon Laboratories, Inc. has a 12-month low of $82.82 and a 12-month high of $160.00. The company has a market cap of $4.45 billion, a P/E ratio of -42.07 and a beta of 1.52. The business has a 50-day simple moving average of $137.45 and a 200 day simple moving average of $126.87.

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

Analyst Ratings Changes

Several research firms have recently commented on SLAB. Needham & Company LLC reiterated a "buy" rating and set a $150.00 price target on shares of Silicon Laboratories in a report on Wednesday, May 14th. Morgan Stanley cut their price target on shares of Silicon Laboratories from $157.00 to $144.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 6th. Susquehanna boosted their price target on shares of Silicon Laboratories from $110.00 to $150.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 22nd. KeyCorp upped their target price on shares of Silicon Laboratories from $160.00 to $180.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Finally, Wall Street Zen raised Silicon Laboratories from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Silicon Laboratories has a consensus rating of "Moderate Buy" and a consensus target price of $151.13.

Insider Activity at Silicon Laboratories

In related news, SVP Brandon Tolany sold 1,800 shares of the stock in a transaction on Friday, August 29th. The stock was sold at an average price of $133.57, for a total transaction of $240,426.00. Following the sale, the senior vice president owned 62,328 shares of the company's stock, valued at $8,325,150.96. This trade represents a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 12,070 shares of company stock worth $1,703,472 over the last quarter. 1.60% of the stock is owned by company insiders.

About Silicon Laboratories

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.