3,001 Shares in Silicon Motion Technology Corporation $SIMO Bought by Patriot Financial Group Insurance Agency LLC

Key Points

• Patriot Financial Group Insurance Agency LLC has acquired a new position in Silicon Motion Technology, purchasing 3,001 shares valued at approximately $226,000.
• Several institutional investors, including Invesco and Boston Partners, have significantly increased their holdings in Silicon Motion Technology, reflecting strong interest in the semiconductor producer.
• Silicon Motion Technology reported earnings of $0.69 per share, exceeding analysts' expectations, and anticipates continued growth with a projected average EPS of 3.08 for the fiscal year.

Patriot Financial Group Insurance Agency LLC acquired a new position in shares of Silicon Motion Technology Corporation (NASDAQ:SIMO - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,001 shares of the semiconductor producer's stock, valued at approximately $226,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Invesco Ltd. grew its holdings in shares of Silicon Motion Technology by 61.3% during the first quarter. Invesco Ltd. now owns 1,675,648 shares of the semiconductor producer's stock worth $84,721,000 after buying an additional 636,869 shares during the last quarter. Boston Partners lifted its position in Silicon Motion Technology by 77.3% during the 1st quarter. Boston Partners now owns 552,139 shares of the semiconductor producer's stock worth $27,900,000 after acquiring an additional 240,737 shares during the period. Neumeier Poma Investment Counsel LLC grew its stake in shares of Silicon Motion Technology by 94.3% in the 1st quarter. Neumeier Poma Investment Counsel LLC now owns 353,015 shares of the semiconductor producer's stock valued at $17,848,000 after purchasing an additional 171,350 shares during the last quarter. Clearline Capital LP increased its holdings in shares of Silicon Motion Technology by 67.5% in the first quarter. Clearline Capital LP now owns 289,846 shares of the semiconductor producer's stock valued at $14,655,000 after purchasing an additional 116,850 shares during the period. Finally, Reinhart Partners LLC. raised its stake in shares of Silicon Motion Technology by 7.9% during the second quarter. Reinhart Partners LLC. now owns 1,471,583 shares of the semiconductor producer's stock worth $110,620,000 after purchasing an additional 107,292 shares during the last quarter. 78.02% of the stock is owned by hedge funds and other institutional investors.

Silicon Motion Technology Stock Performance

Silicon Motion Technology stock opened at $98.85 on Monday. Silicon Motion Technology Corporation has a fifty-two week low of $37.21 and a fifty-two week high of $104.90. The company has a market capitalization of $3.36 billion, a price-to-earnings ratio of 41.71, a PEG ratio of 4.94 and a beta of 1.03. The stock has a fifty day moving average of $82.86 and a two-hundred day moving average of $67.74.

Silicon Motion Technology (NASDAQ:SIMO - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The semiconductor producer reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.15. The business had revenue of $198.68 million for the quarter, compared to the consensus estimate of $180.40 million. Silicon Motion Technology had a return on equity of 10.14% and a net margin of 10.36%.The business's revenue was down 5.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.96 earnings per share. Silicon Motion Technology has set its Q3 2025 guidance at EPS. On average, analysts forecast that Silicon Motion Technology Corporation will post 3.08 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. B. Riley lifted their price objective on shares of Silicon Motion Technology from $105.00 to $120.00 and gave the company a "buy" rating in a research report on Wednesday, September 24th. Susquehanna raised their target price on shares of Silicon Motion Technology from $90.00 to $95.00 and gave the stock a "positive" rating in a research note on Friday, August 1st. Citigroup upgraded shares of Silicon Motion Technology to a "buy" rating in a research note on Wednesday, June 18th. Weiss Ratings reissued a "hold (c)" rating on shares of Silicon Motion Technology in a report on Saturday, September 27th. Finally, Needham & Company LLC lifted their price objective on Silicon Motion Technology from $65.00 to $90.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Nine research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $94.38.

Silicon Motion Technology Profile

Silicon Motion Technology Corporation, together with its subsidiaries, designs, develops, and markets NAND flash controllers for solid-state storage devices. The company offers controllers for computing-grade solid state drives (SSDs), which are used in PCs and other client devices; enterprise-grade SSDs used in data centers; eMMC and UFS mobile embedded storage for use in smartphones and IoT devices; flash memory cards and flash drives for use in expandable storage; and specialized SSDs that are used in industrial, commercial, and automotive applications.

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