Acadian Asset Management LLC Sells 24,006 Shares of Silicon Motion Technology Corporation $SIMO

Key Points

• Acadian Asset Management LLC decreased its stake in Silicon Motion Technology Corporation by 1.9%, selling 24,006 shares, and now holds approximately 3.70% of the company valued at $63.58 million.
• Several institutional investors, including Northern Trust Corp and Ameriprise Financial Inc., significantly increased their stakes in Silicon Motion during the fourth quarter, indicating growing interest in the stock.
• Wall Street analysts remain bullish on Silicon Motion Technology, with multiple firms raising their price targets and issuing "buy" ratings, suggesting strong future performance potential for the company.

Acadian Asset Management LLC trimmed its holdings in Silicon Motion Technology Corporation (NASDAQ:SIMO - Free Report) by 1.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,258,375 shares of the semiconductor producer's stock after selling 24,006 shares during the period. Acadian Asset Management LLC owned 3.70% of Silicon Motion Technology worth $63,584,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Parallel Advisors LLC lifted its stake in Silicon Motion Technology by 61.8% during the first quarter. Parallel Advisors LLC now owns 1,152 shares of the semiconductor producer's stock worth $58,000 after purchasing an additional 440 shares during the last quarter. Menard Financial Group LLC bought a new position in Silicon Motion Technology during the fourth quarter worth $88,000. Signaturefd LLC lifted its stake in Silicon Motion Technology by 79.3% during the first quarter. Signaturefd LLC now owns 1,664 shares of the semiconductor producer's stock worth $84,000 after purchasing an additional 736 shares during the last quarter. Covestor Ltd lifted its stake in Silicon Motion Technology by 161.4% during the first quarter. Covestor Ltd now owns 3,429 shares of the semiconductor producer's stock worth $173,000 after purchasing an additional 2,117 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in Silicon Motion Technology by 66.8% during the first quarter. Farther Finance Advisors LLC now owns 3,819 shares of the semiconductor producer's stock worth $195,000 after purchasing an additional 1,529 shares during the last quarter. 78.02% of the stock is owned by institutional investors and hedge funds.

Silicon Motion Technology Trading Down 0.4%

NASDAQ SIMO traded down $0.35 during trading on Friday, reaching $88.73. 303,784 shares of the company's stock were exchanged, compared to its average volume of 247,508. Silicon Motion Technology Corporation has a fifty-two week low of $37.21 and a fifty-two week high of $90.50. The firm has a market capitalization of $3.02 billion, a PE ratio of 37.44, a P/E/G ratio of 4.45 and a beta of 0.99. The company's fifty day simple moving average is $76.82 and its 200-day simple moving average is $63.54.

Silicon Motion Technology (NASDAQ:SIMO - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The semiconductor producer reported $0.69 EPS for the quarter, topping analysts' consensus estimates of $0.54 by $0.15. The firm had revenue of $198.68 million during the quarter, compared to analyst estimates 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 quarterly revenue was down 5.7% compared to the same quarter last year. During the same period last year, the company posted $0.96 EPS. Silicon Motion Technology has set its Q3 2025 guidance at EPS. Equities analysts forecast that Silicon Motion Technology Corporation will post 3.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SIMO. Roth Capital raised their target price on Silicon Motion Technology from $70.00 to $90.00 and gave the company a "buy" rating in a research note on Tuesday, June 17th. B. Riley reissued a "buy" rating and set a $90.00 price target (up from $75.00) on shares of Silicon Motion Technology in a report on Thursday, June 5th. Craig Hallum raised their price target on Silicon Motion Technology from $70.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Susquehanna raised their price target on Silicon Motion Technology from $90.00 to $95.00 and gave the company a "positive" rating in a report on Friday, August 1st. Finally, Bank of America raised Silicon Motion Technology from a "neutral" rating to a "buy" rating and set a $90.00 price target on the stock in a report on Wednesday, June 18th. Ten research analysts have rated the stock with a Buy rating, According to MarketBeat, Silicon Motion Technology currently has an average rating of "Buy" and an average target price of $87.78.

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.