Clearline Capital LP Has $14.66 Million 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 Silicon Motion Technology Corporation (NASDAQ:SIMO - Free Report) by 67.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 289,846 shares of the semiconductor producer's stock after acquiring an additional 116,850 shares during the period. Silicon Motion Technology comprises 0.9% of Clearline Capital LP's investment portfolio, making the stock its 25th biggest holding. Clearline Capital LP owned 0.85% of Silicon Motion Technology worth $14,655,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Cerity Partners LLC increased its stake in Silicon Motion Technology by 35.9% in the 1st quarter. Cerity Partners LLC now owns 31,413 shares of the semiconductor producer's stock valued at $1,588,000 after buying an additional 8,298 shares during the last quarter. Farther Finance Advisors LLC increased its stake in Silicon Motion Technology by 66.8% in the 1st quarter. Farther Finance Advisors LLC now owns 3,819 shares of the semiconductor producer's stock valued at $195,000 after buying an additional 1,529 shares during the last quarter. Oppenheimer Asset Management Inc. increased its stake in Silicon Motion Technology by 16.0% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 5,692 shares of the semiconductor producer's stock valued at $288,000 after buying an additional 785 shares during the last quarter. Hsbc Holdings PLC purchased a new stake in Silicon Motion Technology in the 1st quarter valued at about $238,000. Finally, Natixis Advisors LLC purchased a new stake in Silicon Motion Technology in the 1st quarter valued at about $561,000. Institutional investors and hedge funds own 78.02% of the company's stock.

Analysts Set New Price Targets

SIMO has been the subject of several analyst reports. B. Riley reiterated a "buy" rating and issued a $90.00 price objective (up previously from $75.00) on shares of Silicon Motion Technology in a research note on Thursday, June 5th. 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 note on Friday, August 1st. Citigroup upgraded shares of Silicon Motion Technology to a "buy" rating in a research note on Wednesday, June 18th. Roth Capital increased their price objective on shares of Silicon Motion Technology from $70.00 to $90.00 and gave the company a "buy" rating in a research note on Tuesday, June 17th. Finally, Craig Hallum increased their price objective on shares of Silicon Motion Technology from $70.00 to $100.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Ten research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $87.78.

Silicon Motion Technology Stock Up 1.5%

Shares of SIMO stock opened at $82.38 on Monday. The company has a 50 day moving average of $75.68 and a 200-day moving average of $62.56. Silicon Motion Technology Corporation has a 12-month low of $37.21 and a 12-month high of $85.11. The firm has a market cap of $2.80 billion, a P/E ratio of 34.76, a PEG ratio of 4.11 and a beta of 0.99.

Silicon Motion Technology (NASDAQ:SIMO - Get Free Report) last issued its quarterly earnings results 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 net margin of 10.36% and a return on equity of 10.14%. The company had revenue of $198.68 million during the quarter, compared to analyst estimates of $180.40 million. During the same quarter last year, the business posted $0.96 EPS. Silicon Motion Technology'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 expect 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.

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