Silicon Laboratories, Inc. $SLAB Shares Sold by Avalon Global Asset Management LLC

Key Points

• Avalon Global Asset Management LLC reduced its stake in Silicon Laboratories, Inc. by 12.5%, selling 12,900 shares during the first quarter, and now holds 90,000 shares valued at approximately $10.1 million.
• Multiple hedge funds have increased their positions in Silicon Laboratories, with Invesco Ltd. expanding its stake by 42.7%, now owning 849,730 shares valued at around $95.7 million.
• Silicon Laboratories reported $0.11 earnings per share for the latest quarter, exceeding estimates, while also projecting a negative EPS for the current year, forecasting between -0.97 for the fiscal year.

Avalon Global Asset Management LLC cut its holdings in Silicon Laboratories, Inc. (NASDAQ:SLAB - Free Report) by 12.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 90,000 shares of the semiconductor company's stock after selling 12,900 shares during the period. Silicon Laboratories comprises about 1.4% of Avalon Global Asset Management LLC's holdings, making the stock its 17th largest position. Avalon Global Asset Management LLC owned about 0.28% of Silicon Laboratories worth $10,131,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Comerica Bank raised its stake in Silicon Laboratories by 197.0% in the 1st quarter. Comerica Bank now owns 31,825 shares of the semiconductor company's stock valued at $3,583,000 after purchasing an additional 21,108 shares during the last quarter. Capital Fund Management S.A. raised its stake in Silicon Laboratories by 8.3% in the 1st quarter. Capital Fund Management S.A. now owns 49,895 shares of the semiconductor company's stock valued at $5,617,000 after purchasing an additional 3,821 shares during the last quarter. Hsbc Holdings PLC raised its stake in Silicon Laboratories by 66.1% in the 1st quarter. Hsbc Holdings PLC now owns 6,500 shares of the semiconductor company's stock valued at $732,000 after purchasing an additional 2,587 shares during the last quarter. Raymond James Financial Inc. raised its stake in Silicon Laboratories by 0.4% in the 1st quarter. Raymond James Financial Inc. now owns 115,154 shares of the semiconductor company's stock valued at $12,963,000 after purchasing an additional 419 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in Silicon Laboratories by 48.7% in the 1st quarter. American Century Companies Inc. now owns 510,178 shares of the semiconductor company's stock valued at $57,431,000 after purchasing an additional 167,047 shares during the last quarter.

Analyst Ratings Changes

SLAB has been the subject of a number of research analyst reports. Benchmark reaffirmed a "buy" rating and set a $160.00 price objective on shares of Silicon Laboratories in a research note on Tuesday, May 27th. Morgan Stanley dropped their price objective on shares of Silicon Laboratories from $157.00 to $144.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 6th. Needham & Company LLC reaffirmed a "buy" rating and set a $150.00 price objective on shares of Silicon Laboratories in a research note on Wednesday, May 14th. Wall Street Zen raised shares of Silicon Laboratories from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Finally, Stifel Nicolaus upped their price objective on shares of Silicon Laboratories from $144.00 to $160.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Silicon Laboratories currently has an average rating of "Moderate Buy" and a consensus target price of $151.13.

Insiders Place Their Bets

In other Silicon Laboratories news, SVP Brandon Tolany sold 8,000 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $145.23, for a total value of $1,161,840.00. Following the completion of the transaction, the senior vice president owned 62,328 shares in the company, valued at $9,051,895.44. This represents a 11.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is currently owned by corporate insiders.

Silicon Laboratories Price Performance

NASDAQ SLAB traded down $2.21 on Thursday, reaching $137.45. The company had a trading volume of 243,242 shares, compared to its average volume of 389,372. The firm has a market capitalization of $4.51 billion, a PE ratio of -42.69 and a beta of 1.48. Silicon Laboratories, Inc. has a 1 year low of $82.82 and a 1 year high of $160.00. The firm has a 50-day moving average of $138.98 and a 200-day moving average of $127.77.

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

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.