Hsbc Holdings PLC Buys 2,587 Shares of Silicon Laboratories, Inc. $SLAB

Key Points

• Hsbc Holdings PLC increased its stake in Silicon Laboratories, Inc. by 66.1% in the first quarter, bringing its total holdings to 6,500 shares valued at $732,000.
• Analysts have positively revised their price targets for Silicon Laboratories, with Barclays setting their target at $130.00 and Stifel Nicolaus at $160.00, indicating growing confidence in the company's prospects.
• Silicon Laboratories reported $0.11 EPS for the last quarter, exceeding analyst estimates, with a revenue of $192.85 million, reflecting a 32.6% increase year-over-year.

Hsbc Holdings PLC raised its stake in Silicon Laboratories, Inc. (NASDAQ:SLAB - Free Report) by 66.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,500 shares of the semiconductor company's stock after buying an additional 2,587 shares during the quarter. Hsbc Holdings PLC's holdings in Silicon Laboratories were worth $732,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of SLAB. Westfield Capital Management Co. LP acquired a new stake in shares of Silicon Laboratories during the first quarter worth about $37,249,000. Nuveen LLC bought a new position in Silicon Laboratories in the first quarter valued at approximately $32,338,000. Invesco Ltd. grew 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 valued at $95,654,000 after purchasing an additional 254,348 shares in the last quarter. Mackenzie Financial Corp boosted its stake in shares of Silicon Laboratories by 11,746.2% during the 1st quarter. Mackenzie Financial Corp now owns 236,924 shares of the semiconductor company's stock worth $26,671,000 after acquiring an additional 234,924 shares during the period. Finally, American Century Companies Inc. boosted its stake in shares of Silicon Laboratories by 48.7% during the 1st quarter. American Century Companies Inc. now owns 510,178 shares of the semiconductor company's stock worth $57,431,000 after acquiring an additional 167,047 shares during the period.

Silicon Laboratories Stock Performance

Shares of Silicon Laboratories stock traded up $2.16 on Friday, hitting $137.08. The company had a trading volume of 44,257 shares, compared to its average volume of 399,540. The stock has a market capitalization of $4.50 billion, a price-to-earnings ratio of -42.66 and a beta of 1.52. The stock has a 50 day moving average of $137.70 and a 200-day moving average of $127.20. Silicon Laboratories, Inc. has a 1 year low of $82.82 and a 1 year high of $160.00.

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

Insider Activity at Silicon Laboratories

In related news, SVP Brandon Tolany sold 1,800 shares of the stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $133.57, for a total transaction of $240,426.00. Following the completion of the sale, the senior vice president directly owned 62,328 shares of the company's stock, valued at approximately $8,325,150.96. This trade represents a 2.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 12,070 shares of company stock worth $1,703,472 over the last three months. Company insiders own 1.60% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. KeyCorp boosted their price target on Silicon Laboratories from $160.00 to $180.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. Benchmark reaffirmed a "buy" rating and issued a $160.00 price objective on shares of Silicon Laboratories in a report on Tuesday, May 27th. Barclays boosted their price target on Silicon Laboratories from $100.00 to $130.00 and gave the stock an "equal weight" rating in a report on Tuesday, August 5th. Susquehanna boosted their price target on Silicon Laboratories from $110.00 to $150.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $150.00 target price on shares of Silicon Laboratories in a report on Wednesday, May 14th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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.