SILICON LABORATORIES INC.

IoT/edge chipmaker recovering strongly on revenue but still loss-making; a merger is pending.

Strengths

• Strong revenue recovery — +34.3% (73rd)
• Strong liquidity — current ratio 4.69 (73rd)
• Positive FCF — $65.8M

Risks

• Net loss — operating margin -9.0%, net margin -8.3%, net income -66.0%
• Pending merger — risk factors are dominated by a proposed Merger and its uncertainties
• Semiconductor cyclicality — per 10-K

Notable findings

• Net lossNet loss (net margin -8.3%)
• Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC, Bridgewater Associates, LP
• Material weaknessSummary Risks Related to the Proposed Merger • We may not complete the proposed Merger within the time frame we anticipate, or at all, which could have an adverse effect on our business, financial
• Buying back stockNet buyback — share count -8%/yr over 4y
• Strong balance sheetStrong balance sheet — $291M cash & investments
• Notable holderHeld by 5 notable fund(s): STATE STREET CORP, GOLDMAN SACHS GROUP INC, CITADEL ADVISORS LLC +2 more (as of 2026-03-31)
• Pending mergerSummary Risks Related to the Proposed Merger • We may not complete the proposed Merger within the time frame we anticipate, or at all, which could have an adverse effect on our business, financial
• AccumulatingInstitutional holders rose 9→10 QoQ (2025-12-31→2026-03-31)
• Insider sellingInsider selling — 2 open-market sale(s) by 2 insider(s) (cluster of 2 insiders, ~$2M, last 6mo) Form 4 ↗