FNY Investment Advisers LLC Sells 3,500 Shares of Silicon Motion Technology Corporation $SIMO

Key Points

• FNY Investment Advisers LLC has reduced its stake in Silicon Motion Technology by 43.9%, selling 3,500 shares and now owning 4,471 shares worth approximately $336,000.
• Institutional ownership of Silicon Motion Technology stands at 78.02%, with several firms notably increasing their positions in the company.
• Analysts have a positive outlook on Silicon Motion Technology, with multiple upgrades in price targets, indicating a consensus rating of "Moderate Buy" and an average target price of $96.43.

FNY Investment Advisers LLC lowered its position in Silicon Motion Technology Corporation (NASDAQ:SIMO - Free Report) by 43.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,471 shares of the semiconductor producer's stock after selling 3,500 shares during the period. FNY Investment Advisers LLC's holdings in Silicon Motion Technology were worth $336,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC raised its position in shares of Silicon Motion Technology by 118.3% in the 2nd quarter. GAMMA Investing LLC now owns 976 shares of the semiconductor producer's stock worth $73,000 after acquiring an additional 529 shares in the last quarter. Signaturefd LLC grew its stake in shares of Silicon Motion Technology by 79.3% in 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. grew its stake in shares of Silicon Motion Technology by 53.3% in 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 shares of Silicon Motion Technology by 161.4% in the 1st quarter. Covestor Ltd now owns 3,429 shares of the semiconductor producer's stock worth $173,000 after buying an additional 2,117 shares during the last quarter. Finally, LRI Investments LLC grew its stake in shares of Silicon Motion Technology by 704.0% in the 2nd quarter. LRI Investments LLC now owns 2,814 shares of the semiconductor producer's stock worth $212,000 after buying an additional 2,464 shares during the last quarter. Institutional investors own 78.02% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on SIMO shares. B. Riley upped their price target on Silicon Motion Technology from $105.00 to $120.00 and gave the stock a "buy" rating in a research note on Wednesday, September 24th. Weiss Ratings restated a "hold (c)" rating on shares of Silicon Motion Technology in a research note on Wednesday, October 8th. Susquehanna upped their price target on Silicon Motion Technology from $90.00 to $95.00 and gave the stock a "positive" rating in a research note on Friday, August 1st. Craig Hallum upped 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. Finally, Needham & Company LLC upped their price target on Silicon Motion Technology from $65.00 to $90.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Eight equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Silicon Motion Technology currently has an average rating of "Moderate Buy" and an average target price of $96.43.

Silicon Motion Technology Trading Down 2.0%

Shares of SIMO opened at $92.19 on Thursday. The business's fifty day simple moving average is $87.21 and its two-hundred day simple moving average is $71.27. Silicon Motion Technology Corporation has a 12 month low of $37.21 and a 12 month high of $104.90. The company has a market cap of $3.13 billion, a price-to-earnings ratio of 38.90, a P/E/G ratio of 5.08 and a beta of 1.03.

Silicon Motion Technology (NASDAQ:SIMO - Get Free Report) last issued its 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 return on equity of 10.14% and a net margin of 10.36%.The business 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 business posted $0.96 EPS. The company'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, research analysts forecast 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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