Silicon Laboratories, Inc. $SLAB Stock Holdings Lessened by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC reduced its holdings in Silicon Laboratories, Inc. by 35.6% during the first quarter, leaving it with approximately 14,906 shares valued at $1,678,000.
• Silicon Laboratories reported $0.11 earnings per share for the last quarter, exceeding estimates, along with a 32.6% year-over-year revenue increase to $192.85 million.
• Several analysts raised their price targets for Silicon Laboratories, with Susquehanna increasing their objective from $110 to $150, and the average target price now stands at $151.13.

Voya Investment Management LLC reduced its holdings in Silicon Laboratories, Inc. (NASDAQ:SLAB - Free Report) by 35.6% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 14,906 shares of the semiconductor company's stock after selling 8,234 shares during the quarter. Voya Investment Management LLC's holdings in Silicon Laboratories were worth $1,678,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of SLAB. Ameriprise Financial Inc. lifted its position in shares of Silicon Laboratories by 9.9% in the 4th quarter. Ameriprise Financial Inc. now owns 37,992 shares of the semiconductor company's stock worth $4,719,000 after buying an additional 3,436 shares during the last quarter. Cetera Investment Advisers lifted its position in Silicon Laboratories by 14.2% in the 4th quarter. Cetera Investment Advisers now owns 2,917 shares of the semiconductor company's stock valued at $362,000 after purchasing an additional 362 shares during the last quarter. Millennium Management LLC lifted its position in Silicon Laboratories by 27.3% in the 4th quarter. Millennium Management LLC now owns 3,438 shares of the semiconductor company's stock valued at $427,000 after purchasing an additional 738 shares during the last quarter. Quantinno Capital Management LP bought a new stake in Silicon Laboratories in the 4th quarter valued at about $250,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Silicon Laboratories by 18.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 95,477 shares of the semiconductor company's stock valued at $11,860,000 after purchasing an additional 14,552 shares during the last quarter.

Silicon Laboratories Price Performance

Silicon Laboratories stock opened at $136.99 on Tuesday. The firm's 50 day simple moving average is $135.25 and its 200-day simple moving average is $126.26. The company has a market cap of $4.49 billion, a P/E ratio of -42.54 and a beta of 1.52. Silicon Laboratories, Inc. has a fifty-two week low of $82.82 and a fifty-two week high of $160.00.

Silicon Laboratories (NASDAQ:SLAB - Get Free Report) last released its earnings results 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 business had revenue of $192.85 million for the quarter, compared to the consensus estimate of $192.57 million. Silicon Laboratories had a negative net margin of 14.88% and a negative return on equity of 7.21%. The firm's quarterly revenue was up 32.6% compared to the same quarter last year. During the same period last year, the firm posted ($0.56) earnings per share. Silicon Laboratories has set its Q3 2025 guidance at 0.200-0.400 EPS. On average, analysts expect that Silicon Laboratories, Inc. will post -0.97 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Susquehanna lifted 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. Barclays lifted their price objective on shares of Silicon Laboratories from $100.00 to $130.00 and gave the company an "equal weight" rating in a research report on Tuesday, August 5th. Stifel Nicolaus lifted 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. KeyCorp lifted 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. Finally, Morgan Stanley cut their price objective on shares of Silicon Laboratories from $157.00 to $144.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 6th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $151.13.

Insider Buying and Selling at Silicon Laboratories

In other news, SVP Brandon Tolany sold 8,000 shares of Silicon Laboratories stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $145.23, for a total value of $1,161,840.00. Following the transaction, the senior vice president directly owned 62,328 shares of the company's stock, valued at $9,051,895.44. This trade represents 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. Insiders have sold 12,070 shares of company stock valued at $1,703,472 over the last quarter. Company insiders own 1.60% of the company's stock.

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.

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