Naples Global Advisors LLC Has $1.33 Million Holdings in Silicon Motion Technology Corporation $SIMO

Key Points

• Naples Global Advisors LLC reduced its stake in Silicon Motion Technology Corporation by 19.9% in the 2nd quarter, now holding approximately $1.33 million worth of shares.
• Several other institutional investors significantly increased their holdings in Silicon Motion, with notable boosts including a 161.4% increase by Covestor Ltd and a 118.3% increase by GAMMA Investing LLC.
• Silicon Motion reported a quarterly earnings per share of $0.69, surpassing expectations and reflecting a year-over-year revenue decline of 5.7% amid positive analyst ratings and a consensus target price of $94.38.

Naples Global Advisors LLC cut its stake in shares of Silicon Motion Technology Corporation (NASDAQ:SIMO - Free Report) by 19.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,680 shares of the semiconductor producer's stock after selling 4,380 shares during the period. Naples Global Advisors LLC owned about 0.05% of Silicon Motion Technology worth $1,329,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Parallel Advisors LLC increased its holdings in shares of Silicon Motion Technology by 61.8% during the first quarter. Parallel Advisors LLC now owns 1,152 shares of the semiconductor producer's stock worth $58,000 after buying an additional 440 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Silicon Motion Technology by 118.3% during the second quarter. GAMMA Investing LLC now owns 976 shares of the semiconductor producer's stock worth $73,000 after buying an additional 529 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Silicon Motion Technology by 79.3% during the first quarter. Signaturefd LLC now owns 1,664 shares of the semiconductor producer's stock worth $84,000 after buying an additional 736 shares in the last quarter. Covestor Ltd increased its holdings in shares of Silicon Motion Technology by 161.4% during the first quarter. Covestor Ltd now owns 3,429 shares of the semiconductor producer's stock worth $173,000 after buying an additional 2,117 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in shares of Silicon Motion Technology by 66.8% during the first quarter. Farther Finance Advisors LLC now owns 3,819 shares of the semiconductor producer's stock valued at $195,000 after acquiring an additional 1,529 shares during the last quarter. 78.02% of the stock is currently owned by institutional investors and hedge funds.

Silicon Motion Technology Stock Up 4.9%

SIMO stock opened at $102.07 on Friday. The firm has a market cap of $3.47 billion, a price-to-earnings ratio of 43.07, a PEG ratio of 4.86 and a beta of 1.03. Silicon Motion Technology Corporation has a 12-month low of $37.21 and a 12-month high of $102.40. The company's fifty day simple moving average is $82.34 and its 200 day simple moving average is $67.28.

Silicon Motion Technology (NASDAQ:SIMO - Get Free Report) last released 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. 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 analyst estimates of $180.40 million. During the same quarter in the previous year, the business earned $0.96 earnings per share. Silicon Motion Technology's revenue for the quarter was down 5.7% on a year-over-year basis. Silicon Motion Technology has set its Q3 2025 guidance at EPS. Research analysts expect that Silicon Motion Technology Corporation will post 3.08 earnings per share for the current year.

Wall Street Analyst Weigh In

SIMO has been the topic of a number of recent research reports. Citigroup upgraded shares of Silicon Motion Technology to a "buy" rating in a report on Wednesday, June 18th. Bank of America upgraded shares of Silicon Motion Technology from a "neutral" rating to a "buy" rating and set a $90.00 price target on the stock in a report on Wednesday, June 18th. Roth Capital lifted their price target on shares of Silicon Motion Technology from $70.00 to $90.00 and gave the stock a "buy" rating in a report on Tuesday, June 17th. Susquehanna lifted their price target on shares of Silicon Motion Technology from $90.00 to $95.00 and gave the stock a "positive" rating in a report on Friday, August 1st. Finally, B. Riley lifted their price target on shares of Silicon Motion Technology from $105.00 to $120.00 and gave the stock a "buy" rating in a report on Wednesday, September 24th. Nine 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 a consensus target price of $94.38.

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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