Polar Asset Management Partners Inc. Has $5.73 Million Position in Silicon Motion Technology Corporation $SIMO

Key Points

• Polar Asset Management Partners Inc. has reduced its stake in Silicon Motion Technology Corporation by 30.4%, selling 49,424 shares, which now totals 113,276 shares valued at approximately $5.73 million.
• Several institutional investors increased their positions in Silicon Motion, notably Invesco Ltd., which grew its holdings by 61.3% to 1.68 million shares valued at about $84.72 million.
• Silicon Motion reported quarterly earnings of $0.69 per share, exceeding analysts' expectations, though revenue declined 5.7% year-over-year to $198.68 million.

Polar Asset Management Partners Inc. lowered its stake in Silicon Motion Technology Corporation (NASDAQ:SIMO - Free Report) by 30.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 113,276 shares of the semiconductor producer's stock after selling 49,424 shares during the quarter. Polar Asset Management Partners Inc. owned about 0.33% of Silicon Motion Technology worth $5,727,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Twinbeech Capital LP lifted its holdings 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 worth $582,000 after purchasing an additional 438 shares during the period. Parallel Advisors LLC lifted its holdings in Silicon Motion Technology by 61.8% in the 1st quarter. Parallel Advisors LLC now owns 1,152 shares of the semiconductor producer's stock valued at $58,000 after acquiring an additional 440 shares during the last quarter. Signaturefd LLC lifted its holdings in Silicon Motion Technology by 79.3% in the 1st quarter. Signaturefd LLC now owns 1,664 shares of the semiconductor producer's stock valued at $84,000 after acquiring an additional 736 shares during the last quarter. Cadence Bank lifted its holdings in Silicon Motion Technology by 4.9% in the 1st quarter. Cadence Bank now owns 15,626 shares of the semiconductor producer's stock valued at $790,000 after acquiring an additional 737 shares during the last quarter. Finally, 1492 Capital Management LLC lifted its holdings in Silicon Motion Technology by 2.5% in the 1st quarter. 1492 Capital Management LLC now owns 31,391 shares of the semiconductor producer's stock valued at $1,587,000 after acquiring an additional 769 shares during the last quarter. Institutional investors and hedge funds own 78.02% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Susquehanna upped their price target on shares of Silicon Motion Technology from $90.00 to $95.00 and gave the company a "positive" rating in a report on Friday, August 1st. Bank of America raised shares of Silicon Motion Technology from a "neutral" rating to a "buy" rating and set a $90.00 price target for the company in a report on Wednesday, June 18th. Citigroup raised shares of Silicon Motion Technology to a "buy" rating in a report on Wednesday, June 18th. Craig Hallum upped 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. Finally, Roth Capital boosted 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, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $87.78.

Silicon Motion Technology Price Performance

NASDAQ SIMO traded up $5.25 on Thursday, hitting $88.95. 660,996 shares of the company were exchanged, compared to its average volume of 415,485. The firm has a market capitalization of $3.02 billion, a P/E ratio of 37.47, a price-to-earnings-growth ratio of 4.19 and a beta of 0.99. Silicon Motion Technology Corporation has a twelve month low of $37.21 and a twelve month high of $90.50. The company's 50 day moving average price is $76.26 and its 200-day moving average price is $63.03.

Silicon Motion Technology (NASDAQ:SIMO - Get Free Report) last issued its earnings results 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. The company had revenue of $198.68 million for 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%.The firm's quarterly revenue was down 5.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.96 EPS. Silicon Motion Technology has set its Q3 2025 guidance at EPS. As a group, equities analysts expect that Silicon Motion Technology Corporation will post 3.08 EPS for the current year.

Silicon Motion Technology Company 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.