Easterly Investment Partners LLC Has $15.14 Million Stake in Silicon Motion Technology Corporation $SIMO

Key Points

• Easterly Investment Partners LLC reduced its stake in Silicon Motion Technology Corp. by 3.5%, now holding approximately $15.14 million worth of shares, which is about 1.1% of its portfolio.
• Several institutional investors have increased their stakes in Silicon Motion Technology, with GAMMA Investing LLC leading the charge with a 118.3% increase during the second quarter.
• Research analysts have positively revised their price targets for Silicon Motion Technology, with B. Riley raising theirs from $105.00 to $120.00 and a general consensus rating of "Moderate Buy".

Easterly Investment Partners LLC trimmed its stake in shares of Silicon Motion Technology Corporation (NASDAQ:SIMO - Free Report) by 3.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 201,360 shares of the semiconductor producer's stock after selling 7,196 shares during the period. Silicon Motion Technology comprises about 1.1% of Easterly Investment Partners LLC's portfolio, making the stock its 21st largest position. Easterly Investment Partners LLC owned about 0.59% of Silicon Motion Technology worth $15,136,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC boosted its stake in shares of Silicon Motion Technology by 118.3% during the 2nd quarter. GAMMA Investing LLC now owns 976 shares of the semiconductor producer's stock worth $73,000 after buying an additional 529 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Silicon Motion Technology by 79.3% during the 1st quarter. Signaturefd LLC now owns 1,664 shares of the semiconductor producer's stock worth $84,000 after buying an additional 736 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Silicon Motion Technology by 53.3% during the 2nd quarter. Blue Trust Inc. now owns 2,026 shares of the semiconductor producer's stock worth $152,000 after buying an additional 704 shares during the last quarter. Covestor Ltd grew its stake in 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 in the last quarter. Finally, Farther Finance Advisors LLC grew its stake 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 valued at $195,000 after purchasing an additional 1,529 shares in the last quarter. 78.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Weiss Ratings restated a "hold (c)" rating on shares of Silicon Motion Technology in a research note on Wednesday, October 8th. Susquehanna raised their price target on Silicon Motion Technology from $90.00 to $95.00 and gave the company a "positive" rating in a research note on Friday, August 1st. B. Riley raised their price target on Silicon Motion Technology from $105.00 to $120.00 and gave the company a "buy" rating in a research note on Wednesday, September 24th. Needham & Company LLC lifted their price objective on shares of 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, Craig Hallum lifted 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 report on Thursday, July 31st. Eight research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $96.43.

Silicon Motion Technology Stock Performance

Shares of SIMO stock opened at $92.36 on Friday. The company has a market capitalization of $3.14 billion, a price-to-earnings ratio of 38.97, a PEG ratio of 5.00 and a beta of 1.03. The company has a 50-day simple moving average of $85.79 and a 200 day simple moving average of $69.97. Silicon Motion Technology Corporation has a 52 week low of $37.21 and a 52 week high of $104.90.

Silicon Motion Technology (NASDAQ:SIMO - Get Free Report) last announced its earnings results on Wednesday, July 30th. The semiconductor producer reported $0.69 EPS for the quarter, topping the consensus estimate of $0.54 by $0.15. The business had revenue of $198.68 million during the quarter, compared to the consensus estimate of $180.40 million. Silicon Motion Technology had a net margin of 10.36% and a return on equity of 10.14%. Silicon Motion Technology's revenue was down 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.96 EPS. Silicon Motion Technology has set its Q3 2025 guidance at EPS. Sell-side 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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