Silicon Laboratories, Inc. $SLAB Shares Sold by Harbor Capital Advisors Inc.

Key Points

• Harbor Capital Advisors Inc. significantly reduced its stake in Silicon Laboratories by 77.7%, now holding 6,888 shares valued at approximately $1,015,000.
• Wall Street analysts have raised their price targets for Silicon Laboratories, with recommendations ranging from $130 to $180, indicating overall confidence in the stock's performance.
• Silicon Laboratories reported a 32.6% year-over-year revenue increase for the latest quarter, alongside earnings per share exceeding analysts' expectations, marking positive financial growth.

Harbor Capital Advisors Inc. cut its holdings in Silicon Laboratories, Inc. (NASDAQ:SLAB - Free Report) by 77.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,888 shares of the semiconductor company's stock after selling 23,968 shares during the period. Harbor Capital Advisors Inc.'s holdings in Silicon Laboratories were worth $1,015,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Strs Ohio bought a new position in shares of Silicon Laboratories in the first quarter valued at $720,000. Foresight Group Ltd Liability Partnership bought a new stake in shares of Silicon Laboratories in the first quarter valued at about $13,560,000. Intech Investment Management LLC raised its stake in Silicon Laboratories by 12.7% in the first quarter. Intech Investment Management LLC now owns 20,225 shares of the semiconductor company's stock valued at $2,277,000 after purchasing an additional 2,273 shares in the last quarter. Jane Street Group LLC raised its stake in Silicon Laboratories by 329.2% in the first quarter. Jane Street Group LLC now owns 75,397 shares of the semiconductor company's stock valued at $8,487,000 after purchasing an additional 57,829 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Silicon Laboratories by 1.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 97,156 shares of the semiconductor company's stock valued at $10,937,000 after purchasing an additional 1,679 shares in the last quarter.

Wall Street Analysts Forecast Growth

SLAB has been the subject of several research analyst reports. Morgan Stanley lowered their target price 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. KeyCorp upped their target price on Silicon Laboratories from $160.00 to $180.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Susquehanna increased their price target on Silicon Laboratories from $110.00 to $150.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. Barclays raised their target price 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. Finally, Stifel Nicolaus increased their price target on Silicon Laboratories from $144.00 to $160.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. 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, Silicon Laboratories presently has an average rating of "Moderate Buy" and an average target price of $151.13.

Insiders Place Their Bets

In other Silicon Laboratories news, SVP Brandon Tolany sold 8,000 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The stock was 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 in the company, valued at approximately $9,051,895.44. The trade was a 11.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders sold 12,070 shares of company stock valued at $1,703,472. Corporate insiders own 1.60% of the company's stock.

Silicon Laboratories Trading Down 2.9%

Shares of SLAB stock traded down $4.11 on Friday, reaching $137.18. 507,240 shares of the company's stock were exchanged, compared to its average volume of 239,085. The company's fifty day simple moving average is $135.31 and its 200 day simple moving average is $126.33. The stock has a market capitalization of $4.50 billion, a PE ratio of -42.60 and a beta of 1.52. Silicon Laboratories, Inc. has a 52 week low of $82.82 and a 52 week high of $160.00.

Silicon Laboratories (NASDAQ:SLAB - Get Free Report) last announced its quarterly earnings results 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. Silicon Laboratories had a negative return on equity of 7.21% and a negative net margin of 14.88%.The business had revenue of $192.85 million for the quarter, compared to the consensus estimate of $192.57 million. During the same period last year, the business posted ($0.56) EPS. The business'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, sell-side analysts predict that Silicon Laboratories, Inc. will post -0.97 earnings per share for the current fiscal year.

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.