Silicon Motion Technology Corporation $SIMO Shares Sold by Kodai Capital Management LP

Key Points

• Kodai Capital Management LP significantly reduced its stake in Silicon Motion Technology, owning only 41,604 shares after selling 440,025 shares, a decrease of 91.4% in the first quarter.
• Multiple hedge funds have increased their holdings in Silicon Motion Technology, with significant increases from firms like Parallel Advisors LLC (up 61.8%) and Signaturefd LLC (up 79.3%).
• Wall Street analysts overwhelmingly give Silicon Motion Technology a "Buy" rating, with price targets raised by firms such as Craig Hallum and Roth Capital, indicating strong market optimism for the stock.

Kodai Capital Management LP lessened its stake in Silicon Motion Technology Corporation (NASDAQ:SIMO - Free Report) by 91.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,604 shares of the semiconductor producer's stock after selling 440,025 shares during the period. Kodai Capital Management LP owned 0.12% of Silicon Motion Technology worth $2,103,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Parallel Advisors LLC increased its position in 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 purchasing an additional 440 shares during the period. Signaturefd LLC increased its position in 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 purchasing an additional 736 shares during the period. Menard Financial Group LLC purchased a new position in Silicon Motion Technology during the 4th quarter valued at about $88,000. LRI Investments LLC increased its position in Silicon Motion Technology by 519.0% during the 4th quarter. LRI Investments LLC now owns 3,033 shares of the semiconductor producer's stock valued at $164,000 after purchasing an additional 2,543 shares during the period. Finally, Covestor Ltd increased its position in Silicon Motion Technology by 161.4% during the 1st 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 during the period. Hedge funds and other institutional investors own 78.02% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on SIMO shares. Needham & Company LLC raised their price target on shares of Silicon Motion Technology from $65.00 to $90.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Roth Capital raised their price target on shares of Silicon Motion Technology from $70.00 to $90.00 and gave the company a "buy" rating in a report on Tuesday, June 17th. B. Riley restated a "buy" rating and issued a $90.00 price target (up from $75.00) on shares of Silicon Motion Technology in a report on Thursday, June 5th. Citigroup upgraded shares of Silicon Motion Technology to a "buy" rating in a report on Wednesday, June 18th. Finally, Craig Hallum raised their price target on shares of Silicon Motion Technology from $70.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Ten investment analysts have rated the stock with a Buy rating, According to MarketBeat, Silicon Motion Technology currently has a consensus rating of "Buy" and a consensus price target of $87.78.

Silicon Motion Technology Stock Performance

Shares of SIMO traded up $0.12 during trading hours on Tuesday, hitting $79.80. The stock had a trading volume of 227,947 shares, compared to its average volume of 420,732. The firm has a 50-day moving average price of $75.07 and a 200 day moving average price of $61.94. Silicon Motion Technology Corporation has a fifty-two week low of $37.21 and a fifty-two week high of $85.11. The firm has a market capitalization of $2.71 billion, a price-to-earnings ratio of 33.67, a PEG ratio of 3.98 and a beta of 0.99.

Silicon Motion Technology (NASDAQ:SIMO - Get Free Report) last posted its earnings results on Wednesday, July 30th. The semiconductor producer reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.15. The firm had revenue of $198.68 million during the quarter, compared to analysts' expectations of $180.40 million. Silicon Motion Technology had a net margin of 10.36% and a return on equity of 10.14%. The business's revenue was down 5.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.96 EPS. Silicon Motion Technology has set its Q3 2025 guidance at EPS. As a group, analysts predict that Silicon Motion Technology Corporation will post 3.08 EPS for the current fiscal 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.