Granahan Investment Management LLC Reduces Stock Position in Silicon Laboratories, Inc. $SLAB

Key Points

• Granahan Investment Management reduced its stake in Silicon Laboratories by 43.8% in Q3, selling 7,594 shares and leaving it with 9,756 shares worth about $1.28 million.
• Silicon Labs shares opened near $204.68 (1‑year range $82.82–$208.84) after reporting a quarterly EPS of $0.56 (beat by $0.02) and revenue up 25.3% year‑over‑year, though the stock carries a negative P/E (~-102.85) and analysts expect about -$0.97 EPS for the year.
• The stock has a consensus "Hold" rating (1 Buy, 8 Hold, 1 Sell) with an average target of $167.78, and insider director Nina Richardson sold 1,355 shares in January (insiders own ~1.6% of the company).

Granahan Investment Management LLC cut its holdings in Silicon Laboratories, Inc. (NASDAQ:SLAB - Free Report) by 43.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,756 shares of the semiconductor company's stock after selling 7,594 shares during the period. Granahan Investment Management LLC's holdings in Silicon Laboratories were worth $1,279,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. UMB Bank n.a. boosted its holdings in shares of Silicon Laboratories by 43.9% in the third quarter. UMB Bank n.a. now owns 282 shares of the semiconductor company's stock worth $37,000 after acquiring an additional 86 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Silicon Laboratories by 45.7% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 274 shares of the semiconductor company's stock valued at $36,000 after purchasing an additional 86 shares during the period. Advisors Asset Management Inc. lifted its holdings in Silicon Laboratories by 17.6% during the 2nd quarter. Advisors Asset Management Inc. now owns 742 shares of the semiconductor company's stock worth $109,000 after purchasing an additional 111 shares in the last quarter. Arizona State Retirement System lifted its holdings in Silicon Laboratories by 1.6% during the 3rd quarter. Arizona State Retirement System now owns 9,627 shares of the semiconductor company's stock worth $1,262,000 after purchasing an additional 153 shares in the last quarter. Finally, Profund Advisors LLC boosted its stake in Silicon Laboratories by 5.9% in the 3rd quarter. Profund Advisors LLC now owns 2,972 shares of the semiconductor company's stock worth $390,000 after purchasing an additional 165 shares during the period.

Silicon Laboratories Price Performance

Shares of Silicon Laboratories stock opened at $204.68 on Tuesday. Silicon Laboratories, Inc. has a 1 year low of $82.82 and a 1 year high of $208.84. The firm has a market cap of $6.75 billion, a PE ratio of -102.85 and a beta of 1.45. The company has a 50 day simple moving average of $179.99 and a two-hundred day simple moving average of $148.97.

Silicon Laboratories (NASDAQ:SLAB - Get Free Report) last issued its quarterly earnings results on Wednesday, February 4th. The semiconductor company reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.54 by $0.02. The firm had revenue of $208.21 million for the quarter, compared to analyst estimates of $207.63 million. Silicon Laboratories had a negative net margin of 8.27% and a negative return on equity of 4.07%. The business's revenue for the quarter was up 25.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.11) EPS. As a group, research analysts anticipate that Silicon Laboratories, Inc. will post -0.97 earnings per share for the current year.

Insider Buying and Selling at Silicon Laboratories

In related news, Director Nina Richardson sold 1,355 shares of the firm's stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $149.00, for a total transaction of $201,895.00. Following the transaction, the director directly owned 8,543 shares of the company's stock, valued at approximately $1,272,907. This trade represents a 13.69% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.60% of the company's stock.

Wall Street Analyst Weigh In

SLAB has been the subject of a number of recent analyst reports. Needham & Company LLC lowered Silicon Laboratories from a "buy" rating to a "hold" rating in a report on Wednesday, February 4th. Weiss Ratings restated a "sell (d-)" rating on shares of Silicon Laboratories in a research report on Monday, December 29th. KeyCorp cut shares of Silicon Laboratories from an "overweight" rating to a "hold" rating in a research note on Wednesday, February 4th. Benchmark lowered shares of Silicon Laboratories from a "buy" rating to a "hold" rating in a report on Wednesday, February 4th. Finally, Citigroup increased their target price on shares of Silicon Laboratories from $135.00 to $231.00 and gave the stock a "neutral" rating in a research note on Friday, February 6th. One investment analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $167.78.

Silicon Laboratories Company Profile

Silicon Laboratories NASDAQ: SLAB is a global semiconductor company that develops high-performance analog and mixed-signal integrated circuits, wireless system-on-chips (SoCs), microcontrollers, and radio frequency (RF) solutions. Its product portfolio is tailored to support the Internet of Things (IoT), infrastructure, industrial automation, consumer electronics, automotive, and energy markets. By combining silicon, software, and tools, Silicon Labs aims to accelerate development cycles and deliver low-power, highly integrated solutions that address demanding application requirements.

Founded in 1996 and headquartered in Austin, Texas, Silicon Labs has grown into a multinational organization with engineering and sales operations across North America, Europe, and Asia.

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