Silicon Laboratories, Inc. $SLAB Shares Acquired by EFG Asset Management North America Corp.

Key Points

• EFG Asset Management North America Corp. increased its holdings in Silicon Laboratories, Inc. by 19.6%, owning approximately 22,798 shares valued at $2,568,000 as of the end of the 1st quarter.
• Silicon Laboratories recently reported quarterly earnings of $0.11 per share, exceeding estimates and showing a 32.6% increase in revenue year-over-year, totaling $192.85 million.
• Multiple research analysts have rated Silicon Laboratories as a Moderate Buy, with target prices ranging from $130.00 to $160.00, reflecting optimism in the company's growth potential.

EFG Asset Management North America Corp. grew its position in Silicon Laboratories, Inc. (NASDAQ:SLAB - Free Report) by 19.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,798 shares of the semiconductor company's stock after purchasing an additional 3,738 shares during the period. EFG Asset Management North America Corp. owned approximately 0.07% of Silicon Laboratories worth $2,568,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Invesco Ltd. lifted its stake in shares of Silicon Laboratories by 42.7% in the 1st quarter. Invesco Ltd. now owns 849,730 shares of the semiconductor company's stock valued at $95,654,000 after purchasing an additional 254,348 shares in the last quarter. Adage Capital Partners GP L.L.C. lifted its stake in shares of Silicon Laboratories by 116.7% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 525,022 shares of the semiconductor company's stock valued at $59,102,000 after purchasing an additional 282,785 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of 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 in the last quarter. Northern Trust Corp lifted its stake in shares of Silicon Laboratories by 12.5% in the 4th quarter. Northern Trust Corp now owns 415,007 shares of the semiconductor company's stock valued at $51,552,000 after purchasing an additional 46,109 shares in the last quarter. Finally, Westfield Capital Management Co. LP acquired a new position in shares of Silicon Laboratories in the 1st quarter valued at about $37,249,000.

Analyst Ratings Changes

SLAB has been the topic of several research analyst reports. KeyCorp lifted their price objective on Silicon Laboratories from $160.00 to $180.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. Wall Street Zen raised Silicon Laboratories from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Susquehanna raised their target price on Silicon Laboratories from $110.00 to $150.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. Barclays raised their target price on Silicon Laboratories from $100.00 to $130.00 and gave the company an "equal weight" rating in a report on Tuesday, August 5th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $150.00 target price on shares of Silicon Laboratories in a report on Wednesday, May 14th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $151.13.

Silicon Laboratories Trading Down 0.5%

SLAB stock traded down $0.72 during midday trading on Monday, hitting $134.76. 148,624 shares of the company's stock were exchanged, compared to its average volume of 398,894. Silicon Laboratories, Inc. has a 12-month low of $82.82 and a 12-month high of $160.00. The firm has a 50 day moving average price of $137.45 and a 200-day moving average price of $126.65. The stock has a market capitalization of $4.42 billion, a price-to-earnings ratio of -41.85 and a beta of 1.52.

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 (EPS) for the quarter, topping 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 the consensus estimate of $192.57 million. During the same period in the previous year, the business earned ($0.56) EPS. Silicon Laboratories's revenue for the quarter 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, sell-side analysts forecast that Silicon Laboratories, Inc. will post -0.97 EPS for the current fiscal year.

Insider Transactions at Silicon Laboratories

In other Silicon Laboratories news, SVP Brandon Tolany sold 1,800 shares of Silicon Laboratories stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $133.57, for a total transaction of $240,426.00. Following the sale, the senior vice president directly owned 62,328 shares in the company, valued at $8,325,150.96. The trade was a 2.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last quarter, insiders sold 12,070 shares of company stock worth $1,703,472. 1.60% of the stock is 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.