Ballentine Partners LLC Buys Shares of 4,002 Silicon Motion Technology Corporation $SIMO

Key Points

• Ballentine Partners LLC acquired 4,002 shares of Silicon Motion Technology ($SIMO) during the 2nd quarter, with a total investment of approximately $301,000.
• Silicon Motion recently reported earnings per share of $0.69, exceeding expectations, and anticipates a Q3 2025 EPS guidance of 3.08.
• Analysts have raised their price targets for Silicon Motion, with the average consensus reaching $94.38 and several firms rating the stock as a buy.

Ballentine Partners LLC purchased a new position in shares of Silicon Motion Technology Corporation (NASDAQ:SIMO - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,002 shares of the semiconductor producer's stock, valued at approximately $301,000.

A number of other large investors have also modified their holdings of SIMO. GAMMA Investing LLC boosted its stake in Silicon Motion Technology by 118.3% during the 2nd quarter. GAMMA Investing LLC now owns 976 shares of the semiconductor producer's stock valued at $73,000 after purchasing an additional 529 shares during the period. Diversified Trust Co bought a new stake in shares of Silicon Motion Technology during the second quarter valued at approximately $649,000. Reinhart Partners LLC. raised its holdings 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 valued at $110,620,000 after buying an additional 107,292 shares during the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of Silicon Motion Technology by 65.5% during the second quarter. Harbor Capital Advisors Inc. now owns 202,721 shares of the semiconductor producer's stock worth $15,239,000 after buying an additional 80,208 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in Silicon Motion Technology by 155.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 73,988 shares of the semiconductor producer's stock worth $3,741,000 after buying an additional 44,976 shares in the last quarter. Institutional investors and hedge funds own 78.02% of the company's stock.

Silicon Motion Technology Stock Up 0.3%

Shares of NASDAQ SIMO opened at $90.59 on Monday. Silicon Motion Technology Corporation has a 12 month low of $37.21 and a 12 month high of $97.70. The company has a market cap of $3.08 billion, a price-to-earnings ratio of 38.22, a P/E/G ratio of 4.52 and a beta of 0.99. The business has a fifty day simple moving average of $80.45 and a 200-day simple moving average of $66.25.

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

Analysts Set New Price Targets

SIMO has been the topic of several recent analyst reports. Susquehanna lifted their target price on Silicon Motion Technology from $90.00 to $95.00 and gave the company a "positive" rating in a research note on Friday, August 1st. Bank of America upgraded shares of Silicon Motion Technology from a "neutral" rating to a "buy" rating and set a $90.00 price objective on the stock in a research note on Wednesday, June 18th. Needham & Company LLC upped their price objective on shares of Silicon Motion Technology from $65.00 to $90.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Craig Hallum increased their target price on shares of Silicon Motion Technology from $70.00 to $100.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Finally, Roth Capital boosted their price target on shares of Silicon Motion Technology from $70.00 to $90.00 and gave the stock a "buy" rating in a research report on Tuesday, June 17th. Nine analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus 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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