American Century Companies Inc. Has $57.43 Million Position in Silicon Laboratories, Inc. $SLAB

Key Points

• American Century Companies Inc. increased its stake in Silicon Laboratories, Inc. by 48.7%, owning 510,178 shares valued at approximately $57 million.
• Several hedge funds have also acquired or increased their positions in Silicon Laboratories, indicating growing interest in the semiconductor company.
• Analysts have generally rated Silicon Laboratories as a "Moderate Buy," with a consensus price target rising to about $151.13 from previous estimates.

American Century Companies Inc. grew its holdings in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB - Free Report) by 48.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 510,178 shares of the semiconductor company's stock after purchasing an additional 167,047 shares during the period. American Century Companies Inc. owned approximately 1.57% of Silicon Laboratories worth $57,431,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ acquired a new position in Silicon Laboratories during the 1st quarter valued at about $34,000. UMB Bank n.a. increased its stake in shares of Silicon Laboratories by 111.3% during the first quarter. UMB Bank n.a. now owns 336 shares of the semiconductor company's stock valued at $38,000 after acquiring an additional 177 shares during the period. Parallel Advisors LLC increased its stake in shares of Silicon Laboratories by 143.7% during the first quarter. Parallel Advisors LLC now owns 463 shares of the semiconductor company's stock valued at $52,000 after acquiring an additional 273 shares during the period. Larson Financial Group LLC bought a new stake in Silicon Laboratories during the first quarter worth approximately $55,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in Silicon Laboratories in the first quarter worth approximately $77,000.

Silicon Laboratories Stock Performance

Shares of NASDAQ:SLAB traded down $2.90 during mid-day trading on Monday, hitting $142.22. The stock had a trading volume of 244,532 shares, compared to its average volume of 391,833. The company's 50 day moving average is $139.08 and its 200-day moving average is $127.65. 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 $4.67 billion, a PE ratio of -44.17 and a beta of 1.48.

Silicon Laboratories (NASDAQ:SLAB - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The semiconductor company reported $0.11 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $192.85 million for the quarter, compared to analysts' expectations of $192.57 million. During the same period in the previous year, the company posted ($0.56) EPS. The company's quarterly revenue 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 research analysts predict that Silicon Laboratories, Inc. will post -0.97 EPS for the current fiscal year.

Insider Buying and Selling at Silicon Laboratories

In related news, SVP Brandon Tolany sold 8,000 shares of the company'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 transaction, the senior vice president directly owned 62,328 shares of the company's stock, valued at approximately $9,051,895.44. The trade was a 11.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.60% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SLAB. Morgan Stanley lowered their price target 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. KeyCorp lifted their target price on Silicon Laboratories from $160.00 to $180.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. Stifel Nicolaus boosted their price target on shares of Silicon Laboratories from $144.00 to $160.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Susquehanna raised their price objective 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. Finally, Barclays lifted their price objective on shares of Silicon Laboratories from $100.00 to $130.00 and gave the stock an "equal weight" rating in a research note on Tuesday, August 5th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Silicon Laboratories currently has an average rating of "Moderate Buy" and an average price target of $151.13.

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.