JPMorgan Chase & Co. Boosts Stock Holdings in Silicon Laboratories, Inc. $SLAB

JPMorgan Chase & Co. lifted its position in Silicon Laboratories, Inc. (NASDAQ:SLAB - Free Report) by 51.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 170,704 shares of the semiconductor company's stock after purchasing an additional 58,109 shares during the period. JPMorgan Chase & Co. owned about 0.52% of Silicon Laboratories worth $25,155,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

• Silicon Labs Stock is Falling to a Better Place

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cooper Financial Group raised its position in shares of Silicon Laboratories by 1.9% in the first quarter. Cooper Financial Group now owns 5,354 shares of the semiconductor company's stock worth $603,000 after acquiring an additional 98 shares during the period. State of Wyoming increased its stake in shares of Silicon Laboratories by 6.0% in the 1st quarter. State of Wyoming now owns 2,264 shares of the semiconductor company's stock valued at $255,000 after purchasing an additional 128 shares in the last quarter. Advisors Asset Management Inc. increased its stake in shares of Silicon Laboratories by 38.4% in the 1st quarter. Advisors Asset Management Inc. now owns 631 shares of the semiconductor company's stock valued at $71,000 after purchasing an additional 175 shares in the last quarter. L. Roy Papp & Associates LLP raised its holdings in Silicon Laboratories by 2.1% in the 2nd quarter. L. Roy Papp & Associates LLP now owns 8,885 shares of the semiconductor company's stock worth $1,309,000 after purchasing an additional 185 shares during the period. Finally, Quarry LP acquired a new position in Silicon Laboratories in the 1st quarter worth about $25,000.

Wall Street Analysts Forecast Growth

SLAB has been the topic of several research analyst reports. Weiss Ratings reissued a "sell (e+)" rating on shares of Silicon Laboratories in a report on Monday. Morgan Stanley decreased their target price on Silicon Laboratories from $157.00 to $144.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 6th. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $153.43.

• Mid-Cap Chip Designers Trade Near Highs; Outperform Broader Market

Check Out Our Latest Stock Analysis on SLAB

Silicon Laboratories Price Performance

Shares of Silicon Laboratories stock opened at $137.68 on Thursday. The stock has a market capitalization of $4.52 billion, a P/E ratio of -52.15 and a beta of 1.56. The business has a 50 day simple moving average of $129.35 and a two-hundred day simple moving average of $133.52. Silicon Laboratories, Inc. 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, November 4th. The semiconductor company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.30 by $0.02. The firm had revenue of $206.00 million during the quarter, compared to analysts' expectations of $205.04 million. Silicon Laboratories had a negative return on equity of 6.04% and a negative net margin of 11.58%.Silicon Laboratories has set its Q4 2025 guidance at 0.400-0.700 EPS. As a group, research analysts anticipate that Silicon Laboratories, Inc. will post -0.97 EPS for the current fiscal 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.

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