Acadian Asset Management LLC Trims Stake in 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 reduced its holdings in shares of Silicon Motion Technology Corporation (NASDAQ:SIMO - Free Report) by 1.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of SIMO. Parallel Advisors LLC lifted its position in Silicon Motion Technology by 61.8% during the 1st quarter. Parallel Advisors LLC now owns 1,152 shares of the semiconductor producer's stock valued at $58,000 after acquiring an additional 440 shares during the period. Signaturefd LLC lifted its position in Silicon Motion Technology by 79.3% during the 1st quarter. Signaturefd LLC now owns 1,664 shares of the semiconductor producer's stock valued at $84,000 after acquiring an additional 736 shares during the period. Menard Financial Group LLC purchased a new position in Silicon Motion Technology during the 4th quarter valued at about $88,000. Covestor Ltd raised its holdings in Silicon Motion Technology by 161.4% in the first quarter. Covestor Ltd now owns 3,429 shares of the semiconductor producer's stock worth $173,000 after buying an additional 2,117 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in shares of Silicon Motion Technology by 66.8% in the first quarter. Farther Finance Advisors LLC now owns 3,819 shares of the semiconductor producer's stock worth $195,000 after buying an additional 1,529 shares in the last quarter. 78.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SIMO has been the topic of several analyst reports. Roth Capital upped their target price on shares of Silicon Motion Technology from $70.00 to $90.00 and gave the stock a "buy" rating in a research note on Tuesday, June 17th. Bank of America upgraded shares of Silicon Motion Technology from a "neutral" rating to a "buy" rating and set a $90.00 target price on the stock in a research note on Wednesday, June 18th. B. Riley reiterated a "buy" rating and issued a $90.00 target price (up previously from $75.00) on shares of Silicon Motion Technology in a research note on Thursday, June 5th. Susquehanna upped 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. Finally, Needham & Company LLC upped their target price on shares of Silicon Motion Technology from $65.00 to $90.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Nine equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $90.63.

Silicon Motion Technology Stock Performance

Shares of SIMO traded up $0.06 during mid-day trading on Tuesday, hitting $90.07. 146,744 shares of the company traded hands, compared to its average volume of 413,954. The stock has a 50-day moving average price of $77.14 and a two-hundred day moving average price of $63.83. Silicon Motion Technology Corporation has a 1 year low of $37.21 and a 1 year high of $91.20. The stock has a market cap of $3.06 billion, a price-to-earnings ratio of 38.00, a P/E/G ratio of 4.43 and a beta of 0.99.

Silicon Motion Technology (NASDAQ:SIMO - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The semiconductor producer reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.15. Silicon Motion Technology had a net margin of 10.36% and a return on equity of 10.14%. The firm had revenue of $198.68 million during the quarter, compared to analysts' expectations of $180.40 million. During the same period in the previous year, the company earned $0.96 earnings per share. The firm's quarterly revenue was down 5.7% on a year-over-year basis. 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 year.

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.