Federated Hermes Inc. Purchases 4,989 Shares of Silicon Laboratories, Inc. $SLAB

Federated Hermes Inc. grew its position in Silicon Laboratories, Inc. (NASDAQ:SLAB) by 1.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 458,016 shares of the semiconductor company’s stock after purchasing an additional 4,989 shares during the period. Federated Hermes Inc.’s holdings in Silicon Laboratories were worth $60,060,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. First Horizon Corp acquired a new position in Silicon Laboratories in the 3rd quarter valued at $35,000. Mather Group LLC. bought a new stake in shares of Silicon Laboratories in the third quarter valued at about $39,000. Jones Financial Companies Lllp grew its stake in shares of Silicon Laboratories by 121.4% in the first quarter. Jones Financial Companies Lllp now owns 496 shares of the semiconductor company’s stock valued at $56,000 after acquiring an additional 272 shares in the last quarter. Canada Pension Plan Investment Board increased its position in Silicon Laboratories by 75.0% during the second quarter. Canada Pension Plan Investment Board now owns 700 shares of the semiconductor company’s stock worth $103,000 after acquiring an additional 300 shares during the period. Finally, Advisors Asset Management Inc. raised its stake in Silicon Laboratories by 17.6% in the 2nd quarter. Advisors Asset Management Inc. now owns 742 shares of the semiconductor company’s stock worth $109,000 after purchasing an additional 111 shares in the last quarter.

Analysts Set New Price Targets

A number of brokerages have issued reports on SLAB. Royal Bank Of Canada started coverage on shares of Silicon Laboratories in a research report on Thursday, January 15th. They set a “sector perform” rating and a $160.00 target price on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Silicon Laboratories in a research report on Monday, December 29th. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $154.25.

Insiders Place Their Bets

In other news, Director Nina Richardson sold 1,355 shares of the business’s stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $149.00, for a total transaction of $201,895.00. Following the completion of the transaction, the director owned 8,543 shares of the company’s stock, valued at approximately $1,272,907. The trade was a 13.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Brandon Tolany sold 4,246 shares of the company’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $140.17, for a total value of $595,161.82. Following the sale, the senior vice president owned 62,381 shares of the company’s stock, valued at approximately $8,743,944.77. This represents a 6.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 7,555 shares of company stock valued at $1,073,528 in the last three months. 1.60% of the stock is owned by insiders.

Silicon Laboratories Trading Up 1.6%

Shares of NASDAQ:SLAB opened at $146.54 on Friday. The firm has a 50 day moving average of $138.21 and a 200-day moving average of $134.77. 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 $4.81 billion, a PE ratio of -55.51 and a beta of 1.55.

Silicon Laboratories (NASDAQ:SLAB) last announced its quarterly earnings data on Tuesday, November 4th. The semiconductor company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. Silicon Laboratories had a negative net margin of 11.58% and a negative return on equity of 6.04%. The business had revenue of $206.00 million for the quarter, compared to analysts’ expectations of $205.04 million. Silicon Laboratories has set its Q4 2025 guidance at 0.400-0.700 EPS. On average, research analysts predict that Silicon Laboratories, Inc. will post -0.97 EPS for the current fiscal year.

Silicon Laboratories Company Profile

Silicon Laboratories (NASDAQ:SLAB) is a global semiconductor company that develops high-performance analog and mixed-signal integrated circuits, wireless system-on-chips (SoCs), microcontrollers, and radio frequency (RF) solutions. Its product portfolio is tailored to support the Internet of Things (IoT), infrastructure, industrial automation, consumer electronics, automotive, and energy markets. By combining silicon, software, and tools, Silicon Labs aims to accelerate development cycles and deliver low-power, highly integrated solutions that address demanding application requirements.

Founded in 1996 and headquartered in Austin, Texas, Silicon Labs has grown into a multinational organization with engineering and sales operations across North America, Europe, and Asia.