Truist Financial Corp Has $497,000 Position in Silicon Laboratories, Inc. $SLAB

Truist Financial Corp lessened its stake in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB - Free Report) by 84.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,376 shares of the semiconductor company's stock after selling 18,057 shares during the period. Truist Financial Corp's holdings in Silicon Laboratories were worth $497,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in SLAB. Cooper Financial Group lifted its stake in shares of Silicon Laboratories by 1.9% in the 1st quarter. Cooper Financial Group now owns 5,354 shares of the semiconductor company's stock valued at $603,000 after acquiring an additional 98 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in shares of Silicon Laboratories by 1.5% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 6,668 shares of the semiconductor company's stock valued at $751,000 after acquiring an additional 100 shares during the last quarter. State of Michigan Retirement System lifted its stake in shares of Silicon Laboratories by 1.3% in the 1st quarter. State of Michigan Retirement System now owns 7,797 shares of the semiconductor company's stock valued at $878,000 after acquiring an additional 100 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in shares of Silicon Laboratories by 1.1% in the 1st quarter. Louisiana State Employees Retirement System now owns 9,100 shares of the semiconductor company's stock valued at $1,024,000 after acquiring an additional 100 shares during the last quarter. Finally, Securian Asset Management Inc. lifted its stake in shares of Silicon Laboratories by 4.2% in the 1st quarter. Securian Asset Management Inc. now owns 2,498 shares of the semiconductor company's stock valued at $281,000 after acquiring an additional 100 shares during the last quarter.

Silicon Laboratories Trading Up 5.0%

SLAB stock opened at $137.29 on Thursday. The stock has a 50-day moving average price of $133.53 and a 200-day moving average price of $127.18. Silicon Laboratories, Inc. has a 1-year low of $82.82 and a 1-year high of $160.00. The firm has a market cap of $4.50 billion, a PE ratio of -42.64 and a beta of 1.51.

Silicon Laboratories (NASDAQ:SLAB - Get Free Report) last issued its earnings results on Tuesday, August 5th. The semiconductor company reported $0.11 EPS for the quarter, beating the consensus estimate 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%.The firm's revenue for the quarter was up 32.6% compared to the same quarter last year. During the same period last year, the business posted ($0.56) EPS. Silicon Laboratories has set its Q3 2025 guidance at 0.200-0.400 EPS. On average, analysts forecast that Silicon Laboratories, Inc. will post -0.97 earnings per share for the current year.

Wall Street Analyst Weigh In

SLAB has been the subject of several analyst reports. Susquehanna raised their target price on Silicon Laboratories from $110.00 to $150.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. KeyCorp raised 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. Barclays raised their target price on Silicon Laboratories from $100.00 to $130.00 and gave the stock an "equal weight" rating in a research report on Tuesday, August 5th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Silicon Laboratories in a research report on Wednesday, October 8th. Finally, Stifel Nicolaus raised their target price on Silicon Laboratories from $144.00 to $160.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $151.13.

Insider Activity at Silicon Laboratories

In other news, SVP Brandon Tolany sold 1,800 shares of the firm's 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 completion of the sale, the senior vice president directly owned 62,328 shares in the company, valued at $8,325,150.96. This trade represents a 2.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In the last three months, insiders sold 12,070 shares of company stock valued at $1,703,472. 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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