Silicon Motion Technology Corporation $SIMO Position Boosted by Boston Partners

Key Points

• Boston Partners increased its stake in Silicon Motion Technology Corporation by 77.3%, now holding 552,139 shares valued at approximately $27.9 million.
• Several institutional investors, including Parallel Advisors and Signaturefd, have also significantly increased their holdings in Silicon Motion Technology during the first quarter.
• Wall Street analysts have upgraded their ratings on Silicon Motion Technology, with a consensus rating of "Moderate Buy" and an average target price of $87.78.

Boston Partners grew its stake in shares of Silicon Motion Technology Corporation (NASDAQ:SIMO - Free Report) by 77.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 552,139 shares of the semiconductor producer's stock after purchasing an additional 240,737 shares during the quarter. Boston Partners owned 1.62% of Silicon Motion Technology worth $27,900,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Invesco Ltd. lifted its stake in shares of Silicon Motion Technology by 61.3% in the first quarter. Invesco Ltd. now owns 1,675,648 shares of the semiconductor producer's stock worth $84,721,000 after acquiring an additional 636,869 shares in the last quarter. Reinhart Partners LLC. lifted its stake in shares of Silicon Motion Technology by 20.1% in the first quarter. Reinhart Partners LLC. now owns 1,364,291 shares of the semiconductor producer's stock worth $68,979,000 after acquiring an additional 228,553 shares in the last quarter. Lord Abbett & CO. LLC lifted its stake in shares of Silicon Motion Technology by 20.0% in the fourth quarter. Lord Abbett & CO. LLC now owns 1,324,930 shares of the semiconductor producer's stock worth $71,612,000 after acquiring an additional 221,017 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Silicon Motion Technology by 40.1% in the fourth quarter. Wellington Management Group LLP now owns 797,192 shares of the semiconductor producer's stock worth $43,088,000 after acquiring an additional 228,333 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Silicon Motion Technology by 33.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 763,419 shares of the semiconductor producer's stock worth $41,263,000 after acquiring an additional 192,603 shares in the last quarter. Institutional investors and hedge funds own 78.02% of the company's stock.

Analysts Set New Price Targets

SIMO has been the topic of several recent analyst reports. Wedbush reiterated an "outperform" rating and issued a $90.00 price target on shares of Silicon Motion Technology in a research note on Wednesday, April 30th. Craig Hallum boosted their price target on Silicon Motion Technology from $70.00 to $100.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Citigroup upgraded Silicon Motion Technology to a "buy" rating in a research note on Wednesday, June 18th. Susquehanna boosted their price objective 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, Roth Capital boosted their price objective on Silicon Motion Technology from $70.00 to $90.00 and gave the company a "buy" rating in a report on Tuesday, June 17th. Ten equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Silicon Motion Technology has a consensus rating of "Buy" and a consensus target price of $87.78.

Silicon Motion Technology Trading Up 0.7%

Silicon Motion Technology stock traded up $0.48 during midday trading on Wednesday, hitting $74.14. The stock had a trading volume of 234,321 shares, compared to its average volume of 351,316. The stock has a market cap of $2.52 billion, a P/E ratio of 31.28, a P/E/G ratio of 3.68 and a beta of 0.92. The business has a fifty day moving average price of $73.63 and a 200 day moving average price of $60.51. Silicon Motion Technology Corporation has a 12 month low of $37.21 and a 12 month high of $85.11.

Silicon Motion Technology (NASDAQ:SIMO - Get Free Report) last posted its earnings results on Wednesday, July 30th. The semiconductor producer reported $0.69 EPS for the quarter, beating the consensus estimate of $0.54 by $0.15. The company 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 revenue was down 5.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.96 earnings per share. Silicon Motion Technology has set its Q3 2025 guidance at EPS. On average, equities analysts anticipate that Silicon Motion Technology Corporation will post 3.08 EPS for the current fiscal year.

Silicon Motion Technology Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, August 7th. This represents a $2.00 annualized dividend and a dividend yield of 2.7%. Silicon Motion Technology's dividend payout ratio is 83.97%.

Silicon Motion Technology Company 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.