State of Alaska Department of Revenue Has $540,000 Holdings in Silicon Laboratories, Inc. $SLAB

State of Alaska Department of Revenue lessened its stake in Silicon Laboratories, Inc. (NASDAQ:SLAB) by 3.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,671 shares of the semiconductor company’s stock after selling 130 shares during the quarter. State of Alaska Department of Revenue’s holdings in Silicon Laboratories were worth $540,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Invesco Ltd. boosted 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 buying an additional 254,348 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its holdings in shares of Silicon Laboratories by 116.7% in the 1st 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. American Century Companies Inc. boosted its holdings in shares of Silicon Laboratories by 48.7% in the 1st quarter. American Century Companies Inc. now owns 510,178 shares of the semiconductor company’s stock valued at $57,431,000 after buying an additional 167,047 shares during the last quarter. Westfield Capital Management Co. LP acquired a new stake in Silicon Laboratories during the 1st quarter valued at $37,249,000. Finally, Nuveen LLC acquired a new stake in Silicon Laboratories during the 1st quarter valued at $32,338,000.

Analyst Ratings Changes

Several equities research analysts have issued reports on SLAB shares. Morgan Stanley cut their price target on Silicon Laboratories from $157.00 to $144.00 and set an “equal weight” rating for the company in a report on Wednesday, August 6th. Susquehanna raised their price target on Silicon Laboratories from $110.00 to $150.00 and gave the company a “neutral” rating in a report on Tuesday, July 22nd. KeyCorp raised their price target on Silicon Laboratories from $160.00 to $180.00 and gave the company an “overweight” rating in a report on Tuesday, July 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Silicon Laboratories in a report on Wednesday. Finally, Barclays raised their price target 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 equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from 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 related 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 transaction, the senior vice president directly owned 62,328 shares of the company’s stock, valued at $9,051,895.44. The trade was a 11.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 12,070 shares of company stock valued at $1,703,472 over the last quarter. 1.60% of the stock is owned by insiders.

Silicon Laboratories Stock Performance

Shares of NASDAQ SLAB opened at $134.91 on Thursday. Silicon Laboratories, Inc. has a 52 week low of $82.82 and a 52 week high of $160.00. The stock has a market capitalization of $4.43 billion, a P/E ratio of -41.90 and a beta of 1.51. The stock’s fifty day moving average is $133.36 and its 200 day moving average is $126.83.

Silicon Laboratories (NASDAQ:SLAB) last released its quarterly earnings data on Tuesday, August 5th. The semiconductor company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.02. Silicon Laboratories had a negative return on equity of 7.21% and a negative net margin of 14.88%.The business had revenue of $192.85 million for the quarter, compared to analyst estimates of $192.57 million. During the same period last year, the firm posted ($0.56) earnings per share. Silicon Laboratories’s revenue was up 32.6% compared to the same quarter last year. Silicon Laboratories has set its Q3 2025 guidance at 0.200-0.400 EPS. Equities research analysts forecast that Silicon Laboratories, Inc. will post -0.97 earnings per share for the current year.

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.