Short Interest in Silicon Laboratories, Inc. (NASDAQ:SLAB) Declines By 18.8%

Key Points

• Silicon Laboratories, Inc. experienced a significant 18.8% decline in short interest in August, dropping from 1,760,000 to 1,430,000 shares.
• The company reported $0.11 earnings per share for the last quarter, exceeding analysts' expectations of $0.09, and experienced a 32.6% year-over-year revenue increase.
• Analyst price targets for Silicon Laboratories have varied, with some upgrades placing the target as high as $160.00, reflecting a consensus rating of "Moderate Buy".

Silicon Laboratories, Inc. (NASDAQ:SLAB - Get Free Report) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 1,430,000 shares, a drop of 18.8% from the August 15th total of 1,760,000 shares. Based on an average trading volume of 396,800 shares, the short-interest ratio is presently 3.6 days. Currently, 4.5% of the shares of the company are short sold. Currently, 4.5% of the shares of the company are short sold. Based on an average trading volume of 396,800 shares, the short-interest ratio is presently 3.6 days.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Stifel Nicolaus lifted their price target on shares of Silicon Laboratories from $144.00 to $160.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Barclays lifted their target price on shares of Silicon Laboratories from $100.00 to $130.00 and gave the stock an "equal weight" rating in a research note on Tuesday, August 5th. Morgan Stanley cut their price target on shares of Silicon Laboratories from $157.00 to $144.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 6th. KeyCorp lifted their price objective on shares of Silicon Laboratories from $160.00 to $180.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Finally, Susquehanna upped their target price on Silicon Laboratories from $110.00 to $150.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Silicon Laboratories currently has a consensus rating of "Moderate Buy" and an average target price of $151.13.

Silicon Laboratories Trading Down 0.1%

Silicon Laboratories stock traded down $0.19 during midday trading on Monday, reaching $136.99. 174,398 shares of the stock traded hands, compared to its average volume of 389,598. The firm has a market cap of $4.50 billion, a PE ratio of -42.54 and a beta of 1.52. The company has a 50-day simple moving average of $135.31 and a two-hundred day simple moving average of $126.27. Silicon Laboratories has a 12-month low of $82.82 and a 12-month high of $160.00.

Silicon Laboratories (NASDAQ:SLAB - Get Free Report) last issued its quarterly 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 analysts' expectations 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 revenue was up 32.6% compared to the same quarter last year. During the same quarter last year, the company posted ($0.56) EPS. Silicon Laboratories has set its Q3 2025 guidance at 0.200-0.400 EPS. Equities research analysts anticipate that Silicon Laboratories will post -0.97 earnings per share for the current year.

Insider Buying and Selling at Silicon Laboratories

In other Silicon Laboratories news, SVP Brandon Tolany sold 8,000 shares of Silicon Laboratories stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $145.23, for a total value 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last 90 days, insiders have sold 12,070 shares of company stock worth $1,703,472. 1.60% of the stock is currently owned by insiders.

Institutional Trading of Silicon Laboratories

A number of large investors have recently made changes to their positions in the company. State Street Corp lifted its stake in Silicon Laboratories by 0.5% in the second quarter. State Street Corp now owns 1,517,813 shares of the semiconductor company's stock worth $223,665,000 after acquiring an additional 7,139 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Silicon Laboratories by 42.7% in the 1st quarter. Invesco Ltd. now owns 849,730 shares of the semiconductor company's stock valued at $95,654,000 after purchasing an additional 254,348 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Silicon Laboratories by 0.9% during the 2nd quarter. Geode Capital Management LLC now owns 810,736 shares of the semiconductor company's stock worth $119,484,000 after purchasing an additional 7,519 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Silicon Laboratories by 26.1% during the second quarter. American Century Companies Inc. now owns 643,142 shares of the semiconductor company's stock worth $94,774,000 after purchasing an additional 132,964 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. increased its holdings in Silicon Laboratories by 116.7% in the first quarter. Adage Capital Partners GP L.L.C. now owns 525,022 shares of the semiconductor company's stock valued at $59,102,000 after buying an additional 282,785 shares during the last quarter.

About Silicon Laboratories

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.