Foresight Group Ltd Liability Partnership Purchases New Position in Silicon Laboratories, Inc. $SLAB

Key Points

• Foresight Group Ltd Liability Partnership has invested approximately $13.56 million in Silicon Laboratories by acquiring 120,461 shares in the first quarter, now making it the firm's 21st largest holding.
• Various institutional investors have shown increased interest in Silicon Laboratories, with several, including Quarry LP and UMB Bank, making new stakes in the first quarter.
• Analysts have generally positive ratings on Silicon Laboratories, with a current average rating of "Moderate Buy" and a target price of approximately $151.13 per share.

Foresight Group Ltd Liability Partnership acquired a new stake in Silicon Laboratories, Inc. (NASDAQ:SLAB - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 120,461 shares of the semiconductor company's stock, valued at approximately $13,560,000. Silicon Laboratories accounts for 2.0% of Foresight Group Ltd Liability Partnership's investment portfolio, making the stock its 21st largest position. Foresight Group Ltd Liability Partnership owned about 0.37% of Silicon Laboratories at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quarry LP acquired a new stake in shares of Silicon Laboratories in the first quarter valued at about $25,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in Silicon Laboratories during the 1st quarter valued at approximately $34,000. UMB Bank n.a. increased its position in Silicon Laboratories by 111.3% during the 1st quarter. UMB Bank n.a. now owns 336 shares of the semiconductor company's stock valued at $38,000 after purchasing an additional 177 shares during the period. Parallel Advisors LLC increased its position in Silicon Laboratories by 143.7% during the 1st quarter. Parallel Advisors LLC now owns 463 shares of the semiconductor company's stock valued at $52,000 after purchasing an additional 273 shares during the period. Finally, Larson Financial Group LLC acquired a new stake in Silicon Laboratories during the 1st quarter valued at approximately $55,000.

Analyst Ratings Changes

Several research firms have recently weighed in on SLAB. Barclays increased their price objective on shares of Silicon Laboratories from $100.00 to $130.00 and gave the stock an "equal weight" rating in a research report on Tuesday, August 5th. Morgan Stanley decreased their price target on Silicon Laboratories from $157.00 to $144.00 and set an "equal weight" rating for the company in a report on Wednesday, August 6th. KeyCorp increased their price target on Silicon Laboratories from $160.00 to $180.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. Susquehanna raised their target price on Silicon Laboratories from $110.00 to $150.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 22nd. Finally, 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 note on Friday, July 18th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $151.13.

Insider Activity at Silicon Laboratories

In other news, SVP Brandon Tolany sold 8,000 shares of the company's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $145.23, for a total transaction of $1,161,840.00. Following the transaction, the senior vice president owned 62,328 shares of the company's stock, valued at $9,051,895.44. This represents a 11.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders sold 12,070 shares of company stock worth $1,703,472. 1.60% of the stock is owned by corporate insiders.

Silicon Laboratories Stock Performance

SLAB traded down $1.90 during midday trading on Tuesday, reaching $132.63. The company had a trading volume of 41,077 shares, compared to its average volume of 390,527. The stock has a market cap of $4.35 billion, a PE ratio of -41.30 and a beta of 1.52. Silicon Laboratories, Inc. has a 12-month low of $82.82 and a 12-month high of $160.00. The business has a 50-day moving average price of $135.66 and a two-hundred day moving average price of $126.20.

Silicon Laboratories (NASDAQ:SLAB - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The semiconductor company reported $0.11 EPS 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 business had revenue of $192.85 million for the quarter, compared to the consensus estimate of $192.57 million. During the same quarter in the prior year, the business earned ($0.56) earnings per share. Silicon Laboratories's revenue for the quarter was up 32.6% on a year-over-year basis. Silicon Laboratories has set its Q3 2025 guidance at 0.200-0.400 EPS. On average, research analysts anticipate that Silicon Laboratories, Inc. will post -0.97 earnings per share for the current year.

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.