Comerica Bank Raises Holdings in Silicon Laboratories, Inc. $SLAB

Key Points

• Comerica Bank increased its stake in Silicon Laboratories, Inc. by 197%, owning approximately $3.58 million worth as of the latest SEC filing.
• Silicon Laboratories reported $0.11 earnings per share for the last quarter, surpassing the expected $0.09, with revenue up 32.6% year-over-year.
• Analysts have a consensus rating of "Moderate Buy" for Silicon Laboratories, with a price target averaging around $151.13.

Comerica Bank increased its position in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB - Free Report) by 197.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,825 shares of the semiconductor company's stock after acquiring an additional 21,108 shares during the quarter. Comerica Bank owned about 0.10% of Silicon Laboratories worth $3,583,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of SLAB. GAMMA Investing LLC boosted its stake in shares of Silicon Laboratories by 99.6% in the first quarter. GAMMA Investing LLC now owns 1,126 shares of the semiconductor company's stock valued at $127,000 after buying an additional 562 shares during the period. Principal Financial Group Inc. raised its stake in Silicon Laboratories by 72.2% during the 1st quarter. Principal Financial Group Inc. now owns 129,911 shares of the semiconductor company's stock worth $14,624,000 after buying an additional 54,463 shares during the period. KBC Group NV lifted its stake in shares of Silicon Laboratories by 27.1% in the first quarter. KBC Group NV now owns 1,625 shares of the semiconductor company's stock valued at $183,000 after buying an additional 346 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of Silicon Laboratories by 2.9% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 7,379 shares of the semiconductor company's stock worth $831,000 after acquiring an additional 210 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of Silicon Laboratories by 9.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,334 shares of the semiconductor company's stock valued at $290,000 after acquiring an additional 206 shares in the last quarter.

Silicon Laboratories Trading Up 1.9%

SLAB traded up $2.43 during trading on Thursday, hitting $133.46. 68,189 shares of the company traded hands, compared to its average volume of 401,052. Silicon Laboratories, Inc. has a 1 year low of $82.82 and a 1 year high of $160.00. The stock's 50-day simple moving average is $137.97 and its two-hundred day simple moving average is $127.30. The company has a market cap of $4.38 billion, a PE ratio of -41.46 and a beta of 1.52.

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

Analyst Upgrades and Downgrades

Several equities research analysts have commented on SLAB shares. KeyCorp upped their price objective on shares of Silicon Laboratories from $160.00 to $180.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Barclays boosted their price target 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. Needham & Company LLC restated a "buy" rating and set a $150.00 target price on shares of Silicon Laboratories in a report on Wednesday, May 14th. Wall Street Zen upgraded shares of Silicon Laboratories from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Finally, Benchmark reaffirmed a "buy" rating and set a $160.00 price objective on shares of Silicon Laboratories in a research report on Tuesday, May 27th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $151.13.

Insiders Place Their Bets

In other Silicon Laboratories news, SVP Brandon Tolany sold 1,800 shares of the company's stock in a transaction on Friday, August 29th. The shares were sold at an average price of $133.57, for a total value of $240,426.00. Following the sale, the senior vice president directly owned 62,328 shares of the company's stock, valued at approximately $8,325,150.96. This represents a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders sold 12,070 shares of company stock worth $1,703,472. 1.60% of the stock is currently owned by 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.