Avalon Global Asset Management LLC Has $10.13 Million Position in Silicon Laboratories, Inc. $SLAB

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 trimmed its holdings in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB - Free Report) by 12.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 90,000 shares of the semiconductor company's stock after selling 12,900 shares during the quarter. Silicon Laboratories comprises 1.4% of Avalon Global Asset Management LLC's portfolio, making the stock its 17th biggest holding. Avalon Global Asset Management LLC owned 0.28% of Silicon Laboratories worth $10,131,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of SLAB. Westfield Capital Management Co. LP acquired a new position in Silicon Laboratories during the first quarter worth $37,249,000. Nuveen LLC bought a new stake in Silicon Laboratories during the first quarter valued at about $32,338,000. Invesco Ltd. boosted its holdings in Silicon Laboratories by 42.7% during the first quarter. Invesco Ltd. now owns 849,730 shares of the semiconductor company's stock valued at $95,654,000 after acquiring an additional 254,348 shares during the period. Mackenzie Financial Corp boosted its holdings in Silicon Laboratories by 11,746.2% during the first quarter. Mackenzie Financial Corp now owns 236,924 shares of the semiconductor company's stock valued at $26,671,000 after acquiring an additional 234,924 shares during the period. Finally, American Century Companies Inc. boosted its holdings in Silicon Laboratories by 48.7% during the first quarter. American Century Companies Inc. now owns 510,178 shares of the semiconductor company's stock valued at $57,431,000 after acquiring an additional 167,047 shares during the period.

Silicon Laboratories Stock Down 2.3%

SLAB traded down $3.10 during midday trading on Friday, reaching $134.35. 250,212 shares of the company's stock were exchanged, compared to its average volume of 384,406. Silicon Laboratories, Inc. has a one year low of $82.82 and a one year high of $160.00. The business has a 50-day simple moving average of $138.84 and a two-hundred day simple moving average of $127.52. The firm has a market capitalization of $4.41 billion, a price-to-earnings ratio of -41.72 and a beta of 1.48.

Silicon Laboratories (NASDAQ:SLAB - Get Free Report) last posted its earnings results on Tuesday, August 5th. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, beating 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 company had revenue of $192.85 million during the quarter, compared to analysts' expectations of $192.57 million. During the same quarter in the previous year, the company posted ($0.56) earnings per share. Silicon Laboratories'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. As a group, research analysts anticipate that Silicon Laboratories, Inc. will post -0.97 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on SLAB shares. Stifel Nicolaus upped their price target on shares of Silicon Laboratories from $144.00 to $160.00 and gave the company a "buy" rating in a report on Friday, July 18th. Benchmark restated a "buy" rating and set a $160.00 price target on shares of Silicon Laboratories in a report on Tuesday, May 27th. Morgan Stanley decreased their price target on shares of Silicon Laboratories from $157.00 to $144.00 and set an "equal weight" rating for the company in a report on Wednesday, August 6th. Susquehanna upped their price target on shares of Silicon Laboratories from $110.00 to $150.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. Finally, Wall Street Zen upgraded shares of Silicon Laboratories from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Silicon Laboratories currently has an average rating of "Moderate Buy" and an average target price of $151.13.

Insider Buying and Selling at Silicon Laboratories

In related news, SVP Brandon Tolany sold 8,000 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the senior vice president owned 62,328 shares of the company's stock, valued at $9,051,895.44. This trade represents a 11.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.60% of the stock is currently owned by corporate insiders.

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.