Citigroup Inc. Sells 3,522 Shares of Silicon Laboratories, Inc. $SLAB

Key Points

• Citigroup Inc. reduced its holdings in Silicon Laboratories by 5.6% in the first quarter, owning approximately 58,881 shares valued at $6.63 million.
• Several institutional investors, including Wells Fargo and Barclays, increased their holdings in Silicon Laboratories during the fourth quarter, with Barclays lifting its stake by 22.8%.
• Silicon Laboratories reported earnings of $0.11 per share for the last quarter, beating estimates, while its revenue grew 32.6% year-over-year.

Citigroup Inc. decreased its stake in Silicon Laboratories, Inc. (NASDAQ:SLAB - Free Report) by 5.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,881 shares of the semiconductor company's stock after selling 3,522 shares during the period. Citigroup Inc. owned approximately 0.18% of Silicon Laboratories worth $6,628,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Ontario Teachers Pension Plan Board boosted its holdings in Silicon Laboratories by 3.2% in the first quarter. Ontario Teachers Pension Plan Board now owns 15,042 shares of the semiconductor company's stock valued at $1,693,000 after purchasing an additional 460 shares during the last quarter. Westfield Capital Management Co. LP acquired a new stake in Silicon Laboratories in the 1st quarter valued at approximately $37,249,000. PNC Financial Services Group Inc. increased its position in shares of Silicon Laboratories by 119.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,310 shares of the semiconductor company's stock valued at $485,000 after purchasing an additional 2,347 shares during the period. Alberta Investment Management Corp increased its position in shares of Silicon Laboratories by 74.5% during the 1st quarter. Alberta Investment Management Corp now owns 29,057 shares of the semiconductor company's stock valued at $3,271,000 after purchasing an additional 12,403 shares during the period. Finally, US Bancorp DE boosted its stake in shares of Silicon Laboratories by 22.6% during the 1st quarter. US Bancorp DE now owns 2,086 shares of the semiconductor company's stock worth $235,000 after acquiring an additional 385 shares in the last quarter.

Silicon Laboratories Trading Up 6.0%

NASDAQ SLAB traded up $8.1530 during trading on Friday, hitting $143.1730. 88,848 shares of the company traded hands, compared to its average volume of 404,655. Silicon Laboratories, Inc. has a 12 month low of $82.82 and a 12 month high of $160.00. The business has a fifty day simple moving average of $138.95 and a 200 day simple moving average of $127.88. The company has a market capitalization of $4.70 billion, a P/E ratio of -44.30 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 for the quarter, beating the consensus estimate 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 company had revenue of $192.85 million for the quarter, compared to analyst estimates of $192.57 million. During the same period last year, the company earned ($0.56) earnings per share. The business's 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. Equities research analysts predict that Silicon Laboratories, Inc. will post -0.97 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on SLAB shares. Susquehanna raised their price objective on Silicon Laboratories from $110.00 to $150.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 22nd. Wall Street Zen raised Silicon Laboratories from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Barclays raised their target price on Silicon Laboratories from $100.00 to $130.00 and gave the stock an "equal weight" rating in a research report on Tuesday, August 5th. Stifel Nicolaus raised their target price on Silicon Laboratories from $144.00 to $160.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $150.00 target price on shares of Silicon Laboratories in a research report on Wednesday, May 14th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $151.13.

Insider Activity at Silicon Laboratories

In other news, SVP Brandon Tolany sold 2,270 shares of Silicon Laboratories stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $132.69, for a total value of $301,206.30. Following the transaction, the senior vice president directly owned 62,328 shares in the company, valued at approximately $8,270,302.32. The trade was a 3.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.60% of the company's stock.

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.