Hsbc Holdings PLC Invests $238,000 in Silicon Motion Technology Corporation $SIMO

Key Points

• HSBC Holdings PLC has acquired a new position in Silicon Motion Technology, purchasing 4,760 shares valued at approximately $238,000.
• In the first quarter, several hedge funds increased their stakes in Silicon Motion Technology, with a total of 78.02% of the stock owned by hedge funds and institutional investors.
• Analysts have shown strong confidence in Silicon Motion Technology, with multiple upgrades and a consensus "Buy" rating and a price target averaging $87.78 for the stock.

Hsbc Holdings PLC acquired a new stake in Silicon Motion Technology Corporation (NASDAQ:SIMO - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 4,760 shares of the semiconductor producer's stock, valued at approximately $238,000.

Several other large investors also recently bought and sold shares of the company. Twinbeech Capital LP grew its position in Silicon Motion Technology by 4.2% in the fourth quarter. Twinbeech Capital LP now owns 10,773 shares of the semiconductor producer's stock valued at $582,000 after acquiring an additional 438 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of Silicon Motion Technology by 61.8% during the 1st quarter. Parallel Advisors LLC now owns 1,152 shares of the semiconductor producer's stock valued at $58,000 after buying an additional 440 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 valued at $84,000 after buying an additional 736 shares during the last quarter. 1492 Capital Management LLC boosted its stake in shares of Silicon Motion Technology by 2.5% during the 1st quarter. 1492 Capital Management LLC now owns 31,391 shares of the semiconductor producer's stock valued at $1,587,000 after buying an additional 769 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its stake in shares of Silicon Motion Technology by 16.0% during 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. Institutional investors and hedge funds own 78.02% of the company's stock.

Silicon Motion Technology Stock Up 1.5%

SIMO stock traded up $1.21 during mid-day trading on Friday, reaching $82.38. The company had a trading volume of 326,918 shares, compared to its average volume of 210,916. The stock has a market capitalization of $2.80 billion, a P/E ratio of 34.76, a P/E/G ratio of 4.11 and a beta of 0.99. Silicon Motion Technology Corporation has a one year low of $37.21 and a one year high of $85.11. The stock's 50-day simple moving average is $75.68 and its two-hundred day simple moving average is $62.56.

Silicon Motion Technology (NASDAQ:SIMO - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The semiconductor producer reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $198.68 million for the quarter, compared to analysts' expectations of $180.40 million. During the same period in the previous year, the business earned $0.96 earnings per share. The company's revenue was down 5.7% on a year-over-year basis. Silicon Motion Technology has set its Q3 2025 guidance at EPS. On average, research analysts forecast that Silicon Motion Technology Corporation will post 3.08 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Needham & Company LLC increased their target price on Silicon Motion Technology from $65.00 to $90.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Susquehanna increased their target price 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. Citigroup upgraded Silicon Motion Technology to a "buy" rating in a research note on Wednesday, June 18th. Craig Hallum raised their price objective 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, Bank of America upgraded Silicon Motion Technology from a "neutral" rating to a "buy" rating and set a $90.00 price objective on the stock in a research note on Wednesday, June 18th. Ten equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $87.78.

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.