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

Key Points

• Granahan Investment Management LLC reduced its stake in Silicon Laboratories by 41.4%, selling 19,247 shares and reducing ownership to 27,216 shares valued at approximately $3 million.
• Multiple analysts have raised their price targets on Silicon Laboratories, with Susquehanna now projecting a target of $150, reflecting a positive outlook for the company's stock.
• Silicon Laboratories reported a significant year-over-year revenue increase of 32.6%, posting $192.85 million for the quarter, along with an EPS of $0.11, surpassing analysts' expectations.

Granahan Investment Management LLC cut its stake in Silicon Laboratories, Inc. (NASDAQ:SLAB - Free Report) by 41.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,216 shares of the semiconductor company's stock after selling 19,247 shares during the quarter. Granahan Investment Management LLC owned 0.08% of Silicon Laboratories worth $3,064,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insiders Place Their Bets

In other Silicon Laboratories news, SVP Brandon Tolany sold 1,800 shares of the firm's stock in a transaction dated 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 owned 62,328 shares in the company, valued at $8,325,150.96. This trade represents a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 12,070 shares of company stock worth $1,703,472 in the last quarter. Company insiders own 1.60% of the company's stock.

Silicon Laboratories Stock Up 1.2%

Shares of NASDAQ:SLAB traded up $1.60 during midday trading on Thursday, reaching $133.82. 41,333 shares of the company traded hands, compared to its average volume of 394,490. Silicon Laboratories, Inc. has a 12 month low of $82.82 and a 12 month high of $160.00. The firm has a market capitalization of $4.39 billion, a price-to-earnings ratio of -41.58 and a beta of 1.52. The firm's fifty day moving average price is $136.52 and its two-hundred day moving average price is $126.61.

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SLAB. Barclays increased their price target on Silicon Laboratories from $100.00 to $130.00 and gave the company 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 research report on Wednesday, August 6th. Wall Street Zen raised Silicon Laboratories from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Benchmark reaffirmed a "buy" rating and set a $160.00 price target on shares of Silicon Laboratories in a research report on Tuesday, May 27th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $150.00 price target on shares of Silicon Laboratories in a research report on Wednesday, May 14th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $151.13.

About Silicon Laboratories

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.