American Century Companies Inc. Purchases 132,964 Shares of Silicon Laboratories, Inc. $SLAB

American Century Companies Inc. grew its position in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB) by 26.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 643,142 shares of the semiconductor company’s stock after purchasing an additional 132,964 shares during the quarter. American Century Companies Inc. owned approximately 1.96% of Silicon Laboratories worth $94,774,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SLAB. Westfield Capital Management Co. LP bought a new position in Silicon Laboratories in the 1st quarter valued at approximately $37,249,000. Nuveen LLC acquired a new position in Silicon Laboratories in the 1st quarter valued at approximately $32,338,000. Adage Capital Partners GP L.L.C. increased its position in 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 acquiring an additional 282,785 shares during the period. Invesco Ltd. raised its stake in shares of Silicon Laboratories by 42.7% during the first quarter. Invesco Ltd. now owns 849,730 shares of the semiconductor company’s stock valued at $95,654,000 after acquiring an additional 254,348 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its holdings in shares of Silicon Laboratories by 11,746.2% during the first quarter. Mackenzie Financial Corp now owns 236,924 shares of the semiconductor company’s stock worth $26,671,000 after purchasing an additional 234,924 shares during the period.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SLAB. 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. Weiss Ratings reissued a “sell (e+)” rating on shares of Silicon Laboratories in a research note on Wednesday, November 19th. Finally, Morgan Stanley cut their price objective on 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. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Silicon Laboratories currently has an average rating of “Hold” and a consensus target price of $153.43.

Insiders Place Their Bets

In other Silicon Laboratories news, SVP Brandon Tolany sold 1,800 shares of the business’s stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $133.57, for a total value of $240,426.00. Following the transaction, the senior vice president directly owned 62,328 shares of the company’s stock, valued at approximately $8,325,150.96. The trade was a 2.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.60% of the company’s stock.

Silicon Laboratories Trading Up 2.0%

Shares of SLAB opened at $123.50 on Wednesday. The firm’s fifty day simple moving average is $130.22 and its two-hundred day simple moving average is $133.64. Silicon Laboratories, Inc. has a 12 month low of $82.82 and a 12 month high of $160.00. The stock has a market capitalization of $4.06 billion, a P/E ratio of -38.35 and a beta of 1.55.

Silicon Laboratories (NASDAQ:SLAB) last posted its quarterly earnings data on Tuesday, November 4th. The semiconductor company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.02. Silicon Laboratories had a negative return on equity of 7.21% and a negative net margin of 14.88%.The firm had revenue of $206.00 million during the quarter, compared to analyst estimates of $205.04 million. Silicon Laboratories has set its Q4 2025 guidance at 0.400-0.700 EPS. As a group, research analysts predict that Silicon Laboratories, Inc. will post -0.97 EPS for the current fiscal year.

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.