Clearline Capital LP Has $14.66 Million Stock Holdings in Silicon Motion Technology Corporation $SIMO

Key Points

• Clearline Capital LP increased its holdings in Silicon Motion Technology Corporation by 67.5% during the first quarter, now owning 289,846 shares valued at approximately $14.66 million.
• Several institutional investors have also increased their stakes, indicating growing interest in the company, with 78.02% of the company's stock now owned by institutional investors and hedge funds.
• Analysts have set a consensus rating of "Buy" for Silicon Motion Technology, with an average price target of $87.78, reflecting positive sentiment towards the company's stock performance.

Clearline Capital LP increased its holdings in shares of Silicon Motion Technology Corporation (NASDAQ:SIMO - Free Report) by 67.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 289,846 shares of the semiconductor producer's stock after buying an additional 116,850 shares during the period. Silicon Motion Technology accounts for about 0.9% of Clearline Capital LP's investment portfolio, making the stock its 25th biggest holding. Clearline Capital LP owned approximately 0.85% of Silicon Motion Technology worth $14,655,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Parallel Advisors LLC boosted its holdings in shares of Silicon Motion Technology by 61.8% in the first quarter. Parallel Advisors LLC now owns 1,152 shares of the semiconductor producer's stock valued at $58,000 after buying an additional 440 shares during the period. Menard Financial Group LLC acquired 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% in the first 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 last quarter. LRI Investments LLC lifted its stake in Silicon Motion Technology by 519.0% in the fourth quarter. LRI Investments LLC now owns 3,033 shares of the semiconductor producer's stock valued at $164,000 after acquiring an additional 2,543 shares during the last quarter. Finally, Covestor Ltd raised its position in shares of Silicon Motion Technology by 161.4% in the first quarter. Covestor Ltd now owns 3,429 shares of the semiconductor producer's stock valued at $173,000 after purchasing an additional 2,117 shares during the period. Institutional investors own 78.02% of the company's stock.

Silicon Motion Technology Stock Performance

Shares of SIMO traded down $0.35 during mid-day trading on Friday, reaching $88.73. The company had a trading volume of 303,784 shares, compared to its average volume of 247,508. The company's 50 day simple moving average is $76.82 and its 200 day simple moving average is $63.48. Silicon Motion Technology Corporation has a 1-year low of $37.21 and a 1-year high of $90.50. The company has a market capitalization of $3.02 billion, a price-to-earnings ratio of 37.44, a P/E/G ratio of 4.45 and a beta of 0.99.

Silicon Motion Technology (NASDAQ:SIMO - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The semiconductor producer reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates 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 company had revenue of $198.68 million for the quarter, compared to the consensus estimate of $180.40 million. During the same period last year, the company posted $0.96 EPS. The firm's quarterly 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 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Susquehanna increased their price objective on shares of Silicon Motion Technology from $90.00 to $95.00 and gave the company a "positive" rating in a research report on Friday, August 1st. Citigroup raised shares of Silicon Motion Technology to a "buy" rating in a research report on Wednesday, June 18th. Craig Hallum raised their price target on shares of Silicon Motion Technology from $70.00 to $100.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Bank of America raised shares of Silicon Motion Technology from a "neutral" rating to a "buy" rating and set a $90.00 price target on the stock in a research report on Wednesday, June 18th. Finally, Roth Capital increased their price objective 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. Ten investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus 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.