Credit Industriel ET Commercial Lowers Holdings in Silicon Motion Technology Corporation $SIMO

Key Points

• Credit Industriel ET Commercial reduced its stake in Silicon Motion Technology Corporation by 60.0%, leaving it with 10,006 shares valued at $752,000.
• In contrast, GAMMA Investing LLC significantly increased its holdings by 2,477.0%, acquiring a total of 22,600 shares.
• Analyst ratings for Silicon Motion Technology show a consensus of "Moderate Buy" with a price target averaging $96.43, indicating positive sentiment towards the company's stock performance.

Credit Industriel ET Commercial decreased its stake in shares of Silicon Motion Technology Corporation (NASDAQ:SIMO - Free Report) by 60.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,006 shares of the semiconductor producer's stock after selling 14,994 shares during the quarter. Credit Industriel ET Commercial's holdings in Silicon Motion Technology were worth $752,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in shares of Silicon Motion Technology by 2,477.0% in the 1st quarter. GAMMA Investing LLC now owns 22,600 shares of the semiconductor producer's stock worth $1,143,000 after purchasing an additional 21,723 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Silicon Motion Technology by 66.8% in the first quarter. Farther Finance Advisors LLC now owns 3,819 shares of the semiconductor producer's stock worth $195,000 after buying an additional 1,529 shares during the last quarter. North Star Investment Management Corp. purchased a new position in Silicon Motion Technology in the first quarter worth about $273,000. Deltec Asset Management LLC raised its holdings in Silicon Motion Technology by 78.8% in the first quarter. Deltec Asset Management LLC now owns 13,500 shares of the semiconductor producer's stock worth $683,000 after buying an additional 5,950 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its holdings in Silicon Motion Technology by 16.0% in the first quarter. Oppenheimer Asset Management Inc. now owns 5,692 shares of the semiconductor producer's stock worth $288,000 after buying an additional 785 shares during the last quarter. Hedge funds and other institutional investors own 78.02% of the company's stock.

Silicon Motion Technology Trading Up 4.6%

Shares of SIMO opened at $89.77 on Tuesday. The firm has a market cap of $3.05 billion, a PE ratio of 37.88, a P/E/G ratio of 4.63 and a beta of 1.03. Silicon Motion Technology Corporation has a 1-year low of $37.21 and a 1-year high of $104.90. The firm has a fifty day simple moving average of $84.83 and a two-hundred day simple moving average of $69.39.

Silicon Motion Technology (NASDAQ:SIMO - Get Free Report) last released its quarterly 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. Silicon Motion Technology had a net margin of 10.36% and a return on equity of 10.14%. The firm had revenue of $198.68 million during the quarter, compared to analyst estimates of $180.40 million. During the same quarter in the prior year, the firm 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, research analysts forecast that Silicon Motion Technology Corporation will post 3.08 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SIMO has been the subject of a number of recent analyst reports. Susquehanna boosted their price objective on shares of Silicon Motion Technology from $90.00 to $95.00 and gave the stock a "positive" rating in a report on Friday, August 1st. Bank of America upgraded Silicon Motion Technology from a "neutral" rating to a "buy" rating and set a $90.00 price target for the company in a research note on Wednesday, June 18th. 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 raised Silicon Motion Technology to a "buy" rating in a research report on Wednesday, June 18th. Finally, Roth Capital boosted their target price on Silicon Motion Technology from $70.00 to $90.00 and gave the stock a "buy" rating in a research report on Tuesday, June 17th. Eight analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $96.43.

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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