Reinhart Partners LLC. Raises Stock Position in Silicon Motion Technology Corporation $SIMO

Key Points

• Reinhart Partners LLC. increased its stake in Silicon Motion Technology by 7.9%, acquiring 107,292 shares to hold a total of 1,471,583 shares, representing 3.8% of its portfolio.
• Several other institutional investors, including Invesco Ltd. and Boston Partners, have significantly increased their holdings in Silicon Motion Technology, reflecting strong institutional confidence in the stock.
• Analysts are optimistic about Silicon Motion Technology, with firms like Citigroup and Roth Capital giving it a "buy" rating and a price target of $90.00, indicating a consensus expectation of growth.

Reinhart Partners LLC. boosted its holdings in shares of Silicon Motion Technology Corporation (NASDAQ:SIMO - Free Report) by 7.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,471,583 shares of the semiconductor producer's stock after buying an additional 107,292 shares during the quarter. Silicon Motion Technology comprises 3.8% of Reinhart Partners LLC.'s portfolio, making the stock its 3rd biggest holding. Reinhart Partners LLC. owned 4.33% of Silicon Motion Technology worth $110,620,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Harbor Capital Advisors Inc. increased its position in Silicon Motion Technology by 65.5% during the second quarter. Harbor Capital Advisors Inc. now owns 202,721 shares of the semiconductor producer's stock worth $15,239,000 after buying an additional 80,208 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Silicon Motion Technology by 155.0% during the first quarter. Goldman Sachs Group Inc. now owns 73,988 shares of the semiconductor producer's stock worth $3,741,000 after buying an additional 44,976 shares during the last quarter. Clearline Capital LP grew its position in shares of Silicon Motion Technology by 67.5% in the first quarter. Clearline Capital LP now owns 289,846 shares of the semiconductor producer's stock valued at $14,655,000 after purchasing an additional 116,850 shares during the last quarter. Adage Capital Partners GP L.L.C. grew its position in shares of Silicon Motion Technology by 2.9% in the first quarter. Adage Capital Partners GP L.L.C. now owns 646,264 shares of the semiconductor producer's stock valued at $32,675,000 after purchasing an additional 18,054 shares during the last quarter. Finally, Royal Bank of Canada grew its position in shares of Silicon Motion Technology by 87.6% in the first quarter. Royal Bank of Canada now owns 69,660 shares of the semiconductor producer's stock valued at $3,522,000 after purchasing an additional 32,527 shares during the last quarter. 78.02% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on SIMO shares. Susquehanna raised their price target on Silicon Motion Technology from $90.00 to $95.00 and gave the company a "positive" rating in a research report on Friday, August 1st. Bank of America raised Silicon Motion Technology from a "neutral" rating to a "buy" rating and set a $90.00 price target on the stock in a research report on Wednesday, June 18th. Citigroup raised Silicon Motion Technology to a "buy" rating in a research report on Wednesday, June 18th. Craig Hallum raised their price target on Silicon Motion Technology from $70.00 to $100.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Finally, Roth Capital increased their target price on shares of Silicon Motion Technology from $70.00 to $90.00 and gave the company a "buy" rating in a research note on Tuesday, June 17th. Nine analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Silicon Motion Technology presently has a consensus rating of "Buy" and a consensus price target of $90.63.

Silicon Motion Technology Trading Up 1.1%

Shares of SIMO stock traded up $1.00 on Friday, hitting $92.37. The stock had a trading volume of 350,312 shares, compared to its average volume of 276,730. Silicon Motion Technology Corporation has a twelve month low of $37.21 and a twelve month high of $92.49. The firm has a market cap of $3.14 billion, a P/E ratio of 38.97, a PEG ratio of 4.61 and a beta of 0.99. The company has a fifty day moving average price of $78.48 and a two-hundred day moving average price of $64.76.

Silicon Motion Technology (NASDAQ:SIMO - Get Free Report) last announced its quarterly 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 company had revenue of $198.68 million during the quarter, compared to analyst estimates of $180.40 million. Silicon Motion Technology had a net margin of 10.36% and a return on equity of 10.14%. The firm's revenue was down 5.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.96 EPS. Silicon Motion Technology has set its Q3 2025 guidance at EPS. On average, analysts expect that Silicon Motion Technology Corporation will post 3.08 earnings per share 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.