Nishkama Capital LLC Acquires 44,579 Shares of Silicon Motion Technology Corporation $SIMO

Key Points

• Nishkama Capital LLC increased its stake in Silicon Motion Technology by 121.1% during Q1, acquiring an additional 44,579 shares, now totaling 81,404 shares.
• Silicon Motion Technology reported a quarterly earnings per share (EPS) of $0.69, exceeding analysts' estimates of $0.54, but noted a 5.7% decline in revenue compared to the same quarter last year.
• The company recently declared a quarterly dividend of $0.50 per share, resulting in an annualized dividend yield of 2.6% and a payout ratio of approximately 84%.

Nishkama Capital LLC lifted its holdings in shares of Silicon Motion Technology Corporation (NASDAQ:SIMO - Free Report) by 121.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,404 shares of the semiconductor producer's stock after purchasing an additional 44,579 shares during the period. Silicon Motion Technology comprises approximately 0.4% of Nishkama Capital LLC's investment portfolio, making the stock its 27th largest holding. Nishkama Capital LLC owned 0.24% of Silicon Motion Technology worth $4,116,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SIMO. Parallel Advisors LLC grew its holdings 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 buying an additional 440 shares in the last quarter. Signaturefd LLC boosted its stake in Silicon Motion Technology by 79.3% in 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. Menard Financial Group LLC purchased a new stake in Silicon Motion Technology in the fourth quarter worth approximately $88,000. LRI Investments LLC lifted its position in Silicon Motion Technology by 519.0% in the fourth 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 last quarter. Finally, Covestor Ltd lifted its position in Silicon Motion Technology by 161.4% in the first 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 last quarter. 78.02% of the stock is currently owned by institutional investors.

Silicon Motion Technology Price Performance

Shares of NASDAQ SIMO opened at $76.43 on Monday. The stock has a market capitalization of $2.60 billion, a P/E ratio of 32.25, a price-to-earnings-growth ratio of 3.82 and a beta of 0.92. Silicon Motion Technology Corporation has a 1-year low of $37.21 and a 1-year high of $85.11. The business has a fifty day moving average price of $73.95 and a 200 day moving average price of $60.88.

Silicon Motion Technology (NASDAQ:SIMO - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The semiconductor producer reported $0.69 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $198.68 million during the quarter, compared to analysts' expectations of $180.40 million. During the same period last year, the business posted $0.96 earnings per share. The firm'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, equities research analysts anticipate that Silicon Motion Technology Corporation will post 3.08 earnings per share for the current fiscal year.

Silicon Motion Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Thursday, August 7th. Silicon Motion Technology's dividend payout ratio (DPR) is presently 83.97%.

Analyst Ratings Changes

Several analysts recently weighed in on SIMO shares. Wedbush reiterated an "outperform" rating and issued a $90.00 price target on shares of Silicon Motion Technology in a report on Wednesday, April 30th. Citigroup raised Silicon Motion Technology to a "buy" rating in a research report on Wednesday, June 18th. Susquehanna boosted their price target 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. B. Riley reissued 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. Finally, Roth Capital upped their price objective on Silicon Motion Technology from $70.00 to $90.00 and gave the stock a "buy" rating in a report on Tuesday, June 17th. Ten research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target 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.

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