Silicon Laboratories (NASDAQ:SLAB) Shares Unloaded Rep. Gilbert Ray Cisneros, Jr.

Representative Gilbert Ray Cisneros, Jr. (D-California) recently sold shares of Silicon Laboratories Inc. (NASDAQ:SLAB). In a filing disclosed on May 06th, the Representative disclosed that they had sold between $1,001 and $15,000 in Silicon Laboratories stock on April 14th. The trade occurred in the Representative's "150 MAIN STREET TRUST > BANK OF AMERICA" account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Beiersdorf Aktiengesellschaft OTCMKTS: BDRFF on 5/2/2025.
• Purchased $1,001 - $15,000 in shares of Alkami Technology NASDAQ: ALKT on 4/30/2025.
• Purchased $1,001 - $15,000 in shares of Merck & Co., Inc. NYSE: MRK on 4/29/2025.
• Sold $1,001 - $15,000 in shares of DXC Technology NYSE: DXC on 4/29/2025.
• Sold $1,001 - $15,000 in shares of DOW NYSE: DOW on 4/29/2025.
• Sold $1,001 - $15,000 in shares of Zions Bancorporation, National Association NASDAQ: ZION on 4/29/2025.
• Purchased $1,001 - $15,000 in shares of O'Reilly Automotive NASDAQ: ORLY on 4/29/2025.
• Purchased $1,001 - $15,000 in shares of McKesson NYSE: MCK on 4/29/2025.
• Sold $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 4/29/2025.
• Sold $1,001 - $15,000 in shares of Humana NYSE: HUM on 4/29/2025.

Silicon Laboratories Price Performance

NASDAQ SLAB traded up $3.64 on Tuesday, hitting $129.95. 208,303 shares of the stock were exchanged, compared to its average volume of 407,413. Silicon Laboratories Inc. has a 52-week low of $82.82 and a 52-week high of $160.00. The company's 50-day moving average price is $108.74 and its two-hundred day moving average price is $120.64. The company has a market capitalization of $4.22 billion, a price-to-earnings ratio of -21.88 and a beta of 1.36.

Silicon Laboratories (NASDAQ:SLAB - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The semiconductor company reported ($0.69) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.60). Silicon Laboratories had a negative net margin of 32.69% and a negative return on equity of 10.46%. Equities analysts predict that Silicon Laboratories Inc. will post -0.97 EPS for the current fiscal year.

Analysts Set New Price Targets

SLAB has been the subject of several recent research reports. KeyCorp increased their price target on shares of Silicon Laboratories from $115.00 to $160.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 22nd. Benchmark reaffirmed a "buy" rating and set a $160.00 price objective on shares of Silicon Laboratories in a research note on Wednesday, March 12th. StockNews.com cut shares of Silicon Laboratories from a "hold" rating to a "sell" rating in a research note on Thursday, March 27th. Barclays decreased their price objective on shares of Silicon Laboratories from $120.00 to $80.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $150.00 price objective on shares of Silicon Laboratories in a research note on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Silicon Laboratories presently has an average rating of "Hold" and an average price target of $129.00.

Institutional Investors Weigh In On Silicon Laboratories

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Barclays PLC increased its stake in shares of Silicon Laboratories by 23.4% during the 3rd quarter. Barclays PLC now owns 70,568 shares of the semiconductor company's stock worth $8,157,000 after purchasing an additional 13,363 shares during the last quarter. Tidal Investments LLC acquired a new position in shares of Silicon Laboratories during the 3rd quarter worth about $520,000. Franklin Resources Inc. increased its stake in shares of Silicon Laboratories by 1.9% during the 3rd quarter. Franklin Resources Inc. now owns 231,889 shares of the semiconductor company's stock worth $27,001,000 after purchasing an additional 4,278 shares during the last quarter. Park Avenue Securities LLC acquired a new position in shares of Silicon Laboratories during the 4th quarter worth about $268,000. Finally, Procyon Advisors LLC increased its stake in shares of Silicon Laboratories by 4.4% during the 4th quarter. Procyon Advisors LLC now owns 3,176 shares of the semiconductor company's stock worth $395,000 after purchasing an additional 133 shares during the last quarter.

Insider Transactions at Silicon Laboratories

In other Silicon Laboratories news, Director William G. Bock sold 1,000 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $149.43, for a total value of $149,430.00. Following the completion of the sale, the director now owns 31,115 shares of the company's stock, valued at $4,649,514.45. The trade was a 3.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Christy Wyatt sold 546 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $104.45, for a total transaction of $57,029.70. Following the completion of the transaction, the director now owns 8,492 shares of the company's stock, valued at $886,989.40. The trade was a 6.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.60% of the stock is owned by company insiders.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California's 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California's 31st Congressional District. He declared candidacy for the 2026 election. Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor's degree in political science from George Washington University in 1994, a master's in business administration from Regis University in 2002, and a master's degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

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.