West Tower Group LLC Invests $295,000 in Silicon Laboratories, Inc. $SLAB

Key Points

• West Tower Group LLC invested approximately $295,000 in Silicon Laboratories, acquiring 2,000 shares of the semiconductor company in the second quarter.
• Silicon Laboratories reported earnings of $0.11 per share for the last quarter, surpassing expectations, while the stock currently has an average target price of $151.13.
• Several analysts have mixed ratings on the stock, with five analysts rating it as a Buy and three as Hold, while one analyst has given it a Sell rating.

West Tower Group LLC purchased a new position in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,000 shares of the semiconductor company's stock, valued at approximately $295,000.

Several other institutional investors and hedge funds have also recently modified their holdings of SLAB. Quarry LP acquired a new position in Silicon Laboratories during the 1st quarter worth about $25,000. Skandinaviska Enskilda Banken AB publ purchased a new stake in Silicon Laboratories during the 1st quarter worth about $34,000. Larson Financial Group LLC purchased a new stake in Silicon Laboratories during the 1st quarter worth about $55,000. Jones Financial Companies Lllp increased its holdings in Silicon Laboratories by 121.4% during the 1st quarter. Jones Financial Companies Lllp now owns 496 shares of the semiconductor company's stock worth $56,000 after purchasing an additional 272 shares during the period. Finally, Advisors Asset Management Inc. increased its holdings in Silicon Laboratories by 38.4% during the 1st quarter. Advisors Asset Management Inc. now owns 631 shares of the semiconductor company's stock worth $71,000 after purchasing an additional 175 shares during the period.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on SLAB shares. Morgan Stanley cut their price target on Silicon Laboratories from $157.00 to $144.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 6th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Silicon Laboratories in a report on Wednesday, October 8th. Susquehanna increased their price objective on Silicon Laboratories from $110.00 to $150.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. Stifel Nicolaus increased their price objective on Silicon Laboratories from $144.00 to $160.00 and gave the company a "buy" rating in a report on Friday, July 18th. Finally, Barclays increased their price objective on Silicon Laboratories from $100.00 to $130.00 and gave the company an "equal weight" rating in a report on Tuesday, August 5th. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $151.13.

Silicon Laboratories Stock Down 1.2%

Shares of NASDAQ SLAB opened at $136.11 on Monday. The stock has a market cap of $4.47 billion, a PE ratio of -42.27 and a beta of 1.51. Silicon Laboratories, Inc. has a 52-week low of $82.82 and a 52-week high of $160.00. The business has a 50-day moving average price of $134.01 and a 200 day moving average price of $127.78.

Silicon Laboratories (NASDAQ:SLAB - Get Free Report) last announced its 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. The firm had revenue of $192.85 million during the quarter, compared to analysts' expectations of $192.57 million. Silicon Laboratories had a negative return on equity of 7.21% and a negative net margin of 14.88%.The business's revenue was up 32.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.56) EPS. Silicon Laboratories has set its Q3 2025 guidance at 0.200-0.400 EPS. Sell-side analysts anticipate that Silicon Laboratories, Inc. will post -0.97 earnings per share for the current year.

Insider Activity

In related news, SVP Brandon Tolany sold 1,800 shares of the company'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 of the company's stock, valued at $8,325,150.96. This represents a 2.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders sold 12,070 shares of company stock valued at $1,703,472. 1.60% of the stock is owned by corporate insiders.

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.

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