Silicon Motion Technology Corporation $SIMO Holdings Raised by Apis Capital Advisors LLC

Key Points

• Apis Capital Advisors LLC increased its holdings in Silicon Motion Technology Corporation by 105%, owning 164,000 shares after acquiring an additional 84,000 shares.
• Silicon Motion Technology reported a Q2 EPS of $0.69, exceeding estimates, but its revenue fell 5.7% year-over-year, totaling $198.68 million.
• Wall Street analysts maintain a Buy rating on the stock with a consensus price target of $87.78, highlighting expected growth in the semiconductor sector.

Apis Capital Advisors LLC raised its position in Silicon Motion Technology Corporation (NASDAQ:SIMO - Free Report) by 105.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 164,000 shares of the semiconductor producer's stock after buying an additional 84,000 shares during the period. Silicon Motion Technology comprises about 4.0% of Apis Capital Advisors LLC's portfolio, making the stock its 5th largest holding. Apis Capital Advisors LLC owned approximately 0.48% of Silicon Motion Technology worth $8,292,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Parallel Advisors LLC boosted 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 worth $58,000 after buying an additional 440 shares during the last quarter. Signaturefd LLC lifted its stake in shares of 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 position in shares of Silicon Motion Technology in the fourth quarter worth about $88,000. LRI Investments LLC lifted its stake in shares of Silicon Motion Technology by 519.0% in the fourth quarter. LRI Investments LLC now owns 3,033 shares of the semiconductor producer's stock worth $164,000 after buying an additional 2,543 shares in the last quarter. Finally, Covestor Ltd lifted its stake in shares of Silicon Motion Technology by 161.4% in 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. 78.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Needham & Company LLC raised their price target on shares of Silicon Motion Technology from $65.00 to $90.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Citigroup raised shares of Silicon Motion Technology to a "buy" rating in a research note on Wednesday, June 18th. Susquehanna raised their price target on shares of Silicon Motion Technology from $90.00 to $95.00 and gave the stock a "positive" rating in a research note on Friday, August 1st. Roth Capital raised their price target on shares of Silicon Motion Technology from $70.00 to $90.00 and gave the stock a "buy" rating in a research note on Tuesday, June 17th. Finally, 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 research note on Thursday, June 5th. Ten analysts have rated the stock with a Buy rating, According to data from MarketBeat, Silicon Motion Technology has a consensus rating of "Buy" and an average price target of $87.78.

Silicon Motion Technology Price Performance

Shares of SIMO stock traded up $0.12 during trading on Tuesday, hitting $79.80. 227,947 shares of the stock traded hands, compared to its average volume of 226,436. The firm has a market capitalization of $2.71 billion, a P/E ratio of 33.67, a price-to-earnings-growth ratio of 3.98 and a beta of 0.99. The firm's fifty day moving average price is $75.22 and its 200-day moving average price is $62.06. Silicon Motion Technology Corporation has a 52-week low of $37.21 and a 52-week high of $85.11.

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 the consensus estimate of $0.54 by $0.15. The firm had revenue of $198.68 million for 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 business's revenue for the quarter was down 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.96 EPS. Silicon Motion Technology has set its Q3 2025 guidance at EPS. As a group, equities research analysts expect that Silicon Motion Technology Corporation will post 3.08 earnings per share for the current year.

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.