Schwartz Investment Counsel Inc. Raises Holdings in Silicon Motion Technology Corporation $SIMO

Key Points

• Schwartz Investment Counsel Inc. raised its holdings in Silicon Motion Technology Corporation by 15.8%, now owning 220,000 shares valued at approximately $16.54 million.
• Several institutional investors made significant adjustments to their positions in Silicon Motion during the second quarter, with hedge funds and other institutions owning 78.02% of the company's stock.
• Analysts have elevated their price targets for Silicon Motion Technology, with the consensus rating currently at "Moderate Buy" and a target price of $96.43.

Schwartz Investment Counsel Inc. increased its position in Silicon Motion Technology Corporation (NASDAQ:SIMO - Free Report) by 15.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 220,000 shares of the semiconductor producer's stock after buying an additional 30,000 shares during the quarter. Schwartz Investment Counsel Inc. owned about 0.65% of Silicon Motion Technology worth $16,537,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. West Tower Group LLC purchased a new position in shares of Silicon Motion Technology in the 2nd quarter worth $925,000. LRI Investments LLC raised its position in shares of Silicon Motion Technology by 704.0% in the 2nd quarter. LRI Investments LLC now owns 2,814 shares of the semiconductor producer's stock worth $212,000 after buying an additional 2,464 shares during the period. Vanguard Personalized Indexing Management LLC raised its position in shares of Silicon Motion Technology by 44.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 6,288 shares of the semiconductor producer's stock worth $473,000 after buying an additional 1,929 shares during the period. Blue Trust Inc. raised its position in Silicon Motion Technology by 53.3% in the second quarter. Blue Trust Inc. now owns 2,026 shares of the semiconductor producer's stock valued at $152,000 after purchasing an additional 704 shares during the period. Finally, McElhenny Sheffield Capital Management LLC purchased a new position in Silicon Motion Technology in the second quarter valued at about $1,083,000. 78.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SIMO has been the topic of several research reports. B. Riley raised their price objective on Silicon Motion Technology from $105.00 to $120.00 and gave the company a "buy" rating in a research report on Wednesday, September 24th. Craig Hallum raised their price objective 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. Weiss Ratings reissued a "hold (c)" rating on shares of Silicon Motion Technology in a research report on Wednesday, October 8th. Needham & Company LLC raised their price objective on Silicon Motion Technology from $65.00 to $90.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Finally, Susquehanna raised their price objective 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. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $96.43.

Silicon Motion Technology Price Performance

Shares of Silicon Motion Technology stock opened at $96.13 on Tuesday. The business has a 50-day moving average of $86.57 and a 200-day moving average of $70.97. The company has a market capitalization of $3.27 billion, a PE ratio of 40.56, a P/E/G ratio of 5.08 and a beta of 1.03. Silicon Motion Technology Corporation has a 1-year low of $37.21 and a 1-year high of $104.90.

Silicon Motion Technology (NASDAQ:SIMO - Get Free Report) last announced its earnings results on Wednesday, July 30th. The semiconductor producer reported $0.69 earnings per share 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 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 company's revenue was down 5.7% on a year-over-year basis. During the same period last year, the firm earned $0.96 earnings per share. Silicon Motion Technology has set its Q3 2025 guidance at EPS. On average, equities analysts expect that Silicon Motion Technology Corporation will post 3.08 earnings per share 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.

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