Wellington Management Group LLP Sells 57,663 Shares of Silicon Laboratories, Inc. $SLAB

Key Points

• Wellington Management Group LLP has reduced its stake in Silicon Laboratories, Inc. (6.5% decrease), now holding approximately 2.55% of the company valued at $93 million.
• Several investors, including Coldstream Capital Management and Oregon Public Employees Retirement Fund, have increased their stakes in Silicon Laboratories during the 1st quarter.
• Analysts have set new price targets for Silicon Laboratories, with firms like KeyCorp raising the price target to $180.00 and Needham & Company reaffirming a "buy" rating.

Wellington Management Group LLP lessened its holdings in Silicon Laboratories, Inc. (NASDAQ:SLAB - Free Report) by 6.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 826,450 shares of the semiconductor company's stock after selling 57,663 shares during the quarter. Wellington Management Group LLP owned 2.55% of Silicon Laboratories worth $93,033,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Invesco Ltd. raised its position in Silicon Laboratories by 42.7% in the 1st quarter. Invesco Ltd. now owns 849,730 shares of the semiconductor company's stock worth $95,654,000 after purchasing an additional 254,348 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Silicon Laboratories by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 604,168 shares of the semiconductor company's stock valued at $75,053,000 after acquiring an additional 5,781 shares during the period. American Century Companies Inc. increased its position 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 valued at $57,431,000 after acquiring an additional 167,047 shares during the period. Northern Trust Corp increased its position in shares of Silicon Laboratories by 12.5% in the fourth quarter. Northern Trust Corp now owns 415,007 shares of the semiconductor company's stock valued at $51,552,000 after acquiring an additional 46,109 shares during the period. Finally, Westfield Capital Management Co. LP purchased a new position in shares of Silicon Laboratories in the first quarter valued at about $37,249,000.

Insider Buying and Selling

In related news, SVP Brandon Tolany sold 8,000 shares of the business's stock in a transaction dated 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 sale, the senior vice president 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 legal filing with the SEC, which is available at this link. 1.60% of the stock is owned by insiders.

Silicon Laboratories Stock Performance

Shares of NASDAQ SLAB traded down $1.17 during midday trading on Wednesday, hitting $140.64. 51,082 shares of the company traded hands, compared to its average volume of 404,418. 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 price of $139.08 and a 200 day moving average price of $127.75. The firm has a market cap of $4.61 billion, a P/E ratio of -43.55 and a beta of 1.48.

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 the consensus estimate of $0.09 by $0.02. Silicon Laboratories had a negative net margin of 14.88% and a negative return on equity of 7.21%. The company had revenue of $192.85 million for the quarter, compared to analysts' expectations of $192.57 million. During the same quarter in the previous year, the company earned ($0.56) earnings per share. Silicon Laboratories's quarterly revenue was up 32.6% on a year-over-year basis. Silicon Laboratories has set its Q3 2025 guidance at 0.200-0.400 EPS. As a group, equities analysts expect that Silicon Laboratories, Inc. will post -0.97 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. KeyCorp boosted their price objective on shares of Silicon Laboratories from $160.00 to $180.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Wall Street Zen upgraded shares of Silicon Laboratories from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Susquehanna boosted their price objective on shares of Silicon Laboratories from $110.00 to $150.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. Benchmark restated a "buy" rating and issued a $160.00 price objective on shares of Silicon Laboratories in a research report on Tuesday, May 27th. Finally, Stifel Nicolaus boosted their price objective on shares of Silicon Laboratories from $144.00 to $160.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $151.13.

Silicon Laboratories 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.