Goldman Sachs Group Inc. Has $3.74 Million Holdings in Silicon Motion Technology Corporation $SIMO

Goldman Sachs Group Inc. increased its stake in shares of Silicon Motion Technology Corporation (NASDAQ:SIMO - Free Report) by 155.0% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 73,988 shares of the semiconductor producer's stock after acquiring an additional 44,976 shares during the period. Goldman Sachs Group Inc. owned 0.22% of Silicon Motion Technology worth $3,741,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Invesco Ltd. increased its holdings in shares of Silicon Motion Technology by 61.3% during the 1st quarter. Invesco Ltd. now owns 1,675,648 shares of the semiconductor producer's stock valued at $84,721,000 after acquiring an additional 636,869 shares during the last quarter. Reinhart Partners LLC. increased its holdings in shares of Silicon Motion Technology by 20.1% during the 1st quarter. Reinhart Partners LLC. now owns 1,364,291 shares of the semiconductor producer's stock valued at $68,979,000 after acquiring an additional 228,553 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Silicon Motion Technology by 4.7% during the 1st quarter. The Manufacturers Life Insurance Company now owns 799,118 shares of the semiconductor producer's stock valued at $40,403,000 after acquiring an additional 35,699 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Silicon Motion Technology by 40.1% during the 4th quarter. Wellington Management Group LLP now owns 797,192 shares of the semiconductor producer's stock valued at $43,088,000 after acquiring an additional 228,333 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Silicon Motion Technology by 8.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 757,506 shares of the semiconductor producer's stock valued at $38,300,000 after acquiring an additional 61,213 shares during the last quarter. Institutional investors and hedge funds own 78.02% of the company's stock.

Silicon Motion Technology Price Performance

Silicon Motion Technology stock opened at $91.37 on Friday. The company has a market capitalization of $3.10 billion, a PE ratio of 38.55, a price-to-earnings-growth ratio of 4.42 and a beta of 0.99. Silicon Motion Technology Corporation has a one year low of $37.21 and a one year high of $92.25. The business has a 50 day simple moving average of $78.11 and a 200 day simple moving average of $64.43.

Silicon Motion Technology (NASDAQ:SIMO - Get Free Report) last posted 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 return on equity of 10.14% and a net margin of 10.36%.Silicon Motion Technology's revenue was down 5.7% on a year-over-year basis. During the same quarter last year, the company earned $0.96 EPS. Silicon Motion Technology has set its Q3 2025 guidance at EPS. Equities analysts anticipate that Silicon Motion Technology Corporation will post 3.08 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Roth Capital increased their price objective on Silicon Motion Technology from $70.00 to $90.00 and gave the company a "buy" rating in a report on Tuesday, June 17th. Needham & Company LLC raised their target price on Silicon Motion Technology from $65.00 to $90.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Citigroup raised Silicon Motion Technology to a "buy" rating in a report on Wednesday, June 18th. Susquehanna raised their target price on Silicon Motion Technology from $90.00 to $95.00 and gave the company a "positive" rating in a report on Friday, August 1st. Finally, B. Riley reaffirmed a "buy" rating and issued a $90.00 target price (up previously from $75.00) on shares of Silicon Motion Technology in a report on Thursday, June 5th. Nine investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $90.63.

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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