Camelot Portfolios LLC Takes $254,000 Position in Silicon Motion Technology Corporation $SIMO

Key Points

• Camelot Portfolios LLC has acquired a new stake in Silicon Motion Technology Corporation, purchasing 3,384 shares valued at approximately $254,000.
• Multiple hedge funds increased their positions in Silicon Motion, with institutional investors owning 78.02% of the company's stock.
• Silicon Motion Technology received multiple "buy" ratings from analysts, with price targets raised to as high as $120.00, reflecting strong bullish sentiment in the stock.

Camelot Portfolios LLC purchased a new stake in Silicon Motion Technology Corporation (NASDAQ:SIMO - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,384 shares of the semiconductor producer's stock, valued at approximately $254,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Ballentine Partners LLC acquired a new stake in shares of Silicon Motion Technology in the second quarter valued at about $301,000. GAMMA Investing LLC increased its position in shares of Silicon Motion Technology by 118.3% in the second quarter. GAMMA Investing LLC now owns 976 shares of the semiconductor producer's stock valued at $73,000 after acquiring an additional 529 shares during the last quarter. Diversified Trust Co acquired a new position in Silicon Motion Technology during the second quarter worth approximately $649,000. Reinhart Partners LLC. increased its position in 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 buying an additional 107,292 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its position in 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 last quarter. Institutional investors and hedge funds own 78.02% of the company's stock.

Wall Street Analysts Forecast Growth

SIMO has been the topic of several research reports. Bank of America raised Silicon Motion Technology from a "neutral" rating to a "buy" rating and set a $90.00 target price on the stock in a research report on Wednesday, June 18th. B. Riley upped their target price on Silicon Motion Technology from $105.00 to $120.00 and gave the company a "buy" rating in a research report on Wednesday. Craig Hallum upped their target price on Silicon Motion Technology from $70.00 to $100.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Needham & Company LLC upped their target price on Silicon Motion Technology from $65.00 to $90.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Finally, Citigroup raised Silicon Motion Technology to a "buy" rating in a research report on Wednesday, June 18th. Nine research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $94.38.

Silicon Motion Technology Stock Performance

Shares of SIMO opened at $90.59 on Friday. Silicon Motion Technology Corporation has a 52 week low of $37.21 and a 52 week high of $97.70. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of 38.22, a PEG ratio of 4.52 and a beta of 0.99. The stock has a fifty day moving average of $80.45 and a 200-day moving average of $66.15.

Silicon Motion Technology (NASDAQ:SIMO - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The semiconductor producer reported $0.69 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $198.68 million during the quarter, compared to analysts' expectations of $180.40 million. During the same period in the prior year, the company earned $0.96 EPS. Silicon Motion Technology's revenue 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, equities analysts forecast that Silicon Motion Technology Corporation will post 3.08 EPS for the current year.

About Silicon Motion Technology

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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