Intech Investment Management LLC Acquires 2,273 Shares of Silicon Laboratories, Inc. $SLAB

Key Points

• Intech Investment Management LLC increased its holdings in Silicon Laboratories by 12.7% during the first quarter, acquiring an additional 2,273 shares, bringing its total to 20,225 shares valued at approximately $2.27 million.
• Silicon Laboratories saw significant institutional interest as several hedge funds, including GAMMA Investing LLC and Principal Financial Group Inc., made substantial increases in their respective stakes during the same period.
• Analysts have bullish sentiment on the stock, with an average target price of $151.13 and five analysts rating it as a Buy, indicating strong future performance expectations.

Intech Investment Management LLC boosted its holdings in Silicon Laboratories, Inc. (NASDAQ:SLAB - Free Report) by 12.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,225 shares of the semiconductor company's stock after acquiring an additional 2,273 shares during the quarter. Intech Investment Management LLC owned 0.06% of Silicon Laboratories worth $2,277,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Invesco Ltd. raised its stake in Silicon Laboratories by 42.7% in the first quarter. Invesco Ltd. now owns 849,730 shares of the semiconductor company's stock worth $95,654,000 after buying an additional 254,348 shares in the last quarter. Adage Capital Partners GP L.L.C. grew its position in Silicon Laboratories by 116.7% during the first 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 buying an additional 282,785 shares during the period. American Century Companies Inc. lifted its stake in shares of Silicon Laboratories by 48.7% in the first quarter. American Century Companies Inc. now owns 510,178 shares of the semiconductor company's stock worth $57,431,000 after buying an additional 167,047 shares in the last quarter. Westfield Capital Management Co. LP purchased a new stake in shares of Silicon Laboratories in the 1st quarter valued at approximately $37,249,000. Finally, Nuveen Asset Management LLC lifted its position in shares of Silicon Laboratories by 5.1% during the 4th quarter. Nuveen Asset Management LLC now owns 289,369 shares of the semiconductor company's stock worth $35,945,000 after buying an additional 14,117 shares during the last quarter.

Silicon Laboratories Price Performance

Shares of NASDAQ SLAB traded down $4.11 on Friday, hitting $137.18. The company's stock had a trading volume of 507,240 shares, compared to its average volume of 239,085. The company has a market capitalization of $4.50 billion, a price-to-earnings ratio of -42.60 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 stock has a 50 day moving average of $135.31 and a 200-day moving average of $126.40.

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 for the quarter, topping the consensus estimate of $0.09 by $0.02. The firm had revenue of $192.85 million for 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%. Silicon Laboratories's quarterly revenue was up 32.6% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.56) earnings per share. Silicon Laboratories has set its Q3 2025 guidance at 0.200-0.400 EPS. Sell-side analysts expect that Silicon Laboratories, Inc. will post -0.97 EPS for the current fiscal year.

Insider Transactions at Silicon Laboratories

In related news, SVP Brandon Tolany sold 8,000 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $145.23, for a total transaction of $1,161,840.00. Following the completion of the sale, the senior vice president directly owned 62,328 shares of the company's stock, valued at $9,051,895.44. The trade was a 11.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Over the last ninety days, insiders have sold 12,070 shares of company stock worth $1,703,472. Company insiders own 1.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on SLAB shares. Benchmark reiterated a "buy" rating and set a $160.00 price objective on shares of Silicon Laboratories in a research note on Tuesday, May 27th. Barclays boosted their target price 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. Susquehanna boosted their price objective on Silicon Laboratories from $110.00 to $150.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. Stifel Nicolaus upped their price target on Silicon Laboratories from $144.00 to $160.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Finally, KeyCorp increased their price objective on Silicon Laboratories from $160.00 to $180.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price 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.