Silicon Laboratories, Inc. $SLAB Shares Bought by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Silicon Laboratories by 10.6%, now owning 57,000 shares valued at approximately $6.42 million.
• Several large investors, including Quarry LP and Parallel Advisors LLC, also acquired new positions or raised their stakes in Silicon Laboratories during the first quarter of 2023.
• Analysts have a consensus rating of "Moderate Buy" for Silicon Laboratories, with price targets ranging from $144.00 to $180.00 following recent adjustments.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB - Free Report) by 10.6% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 57,000 shares of the semiconductor company's stock after acquiring an additional 5,466 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.18% of Silicon Laboratories worth $6,416,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Quarry LP purchased a new position in shares of Silicon Laboratories during the 1st quarter valued at about $25,000. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Silicon Laboratories during the 1st quarter valued at about $34,000. UMB Bank n.a. raised its stake in shares of 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 buying an additional 177 shares during the last quarter. Parallel Advisors LLC raised its stake in shares of 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 buying an additional 273 shares during the last quarter. Finally, Larson Financial Group LLC purchased a new position in shares of Silicon Laboratories during the 1st quarter valued at about $55,000.

Silicon Laboratories Stock Performance

Shares of Silicon Laboratories stock traded down $0.02 on Tuesday, hitting $134.51. The company's stock had a trading volume of 183,825 shares, compared to its average volume of 236,758. Silicon Laboratories, Inc. has a 1 year low of $82.82 and a 1 year high of $160.00. The firm has a fifty day moving average price of $135.55 and a 200-day moving average price of $126.26. The company has a market capitalization of $4.41 billion, a price-to-earnings ratio of -41.77 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 analysts' expectations of $192.57 million. During the same period in the previous year, the firm posted ($0.56) EPS. Silicon Laboratories's revenue 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. As a group, analysts forecast that Silicon Laboratories, Inc. will post -0.97 EPS for the current year.

Insider Transactions at Silicon Laboratories

In related news, SVP Brandon Tolany sold 1,800 shares of Silicon Laboratories stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $133.57, for a total value of $240,426.00. Following the sale, the senior vice president directly owned 62,328 shares in the company, valued at approximately $8,325,150.96. The trade was a 2.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders sold 12,070 shares of company stock valued at $1,703,472. Insiders own 1.60% of the company's stock.

Analysts Set New Price Targets

SLAB has been the subject of a number of recent research reports. Barclays lifted their price objective on Silicon Laboratories from $100.00 to $130.00 and gave the company an "equal weight" rating in a research note on Tuesday, August 5th. Morgan Stanley reduced their price objective on Silicon Laboratories from $157.00 to $144.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 6th. Susquehanna lifted their price objective on Silicon Laboratories from $110.00 to $150.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. Benchmark restated a "buy" rating and issued a $160.00 price target on shares of Silicon Laboratories in a research note on Tuesday, May 27th. Finally, Stifel Nicolaus lifted their price target on Silicon Laboratories from $144.00 to $160.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $151.13.

Silicon Laboratories Company 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.