Silicon Motion Technology Corporation $SIMO Shares Purchased by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management B.V. increased its holdings in Silicon Motion Technology by 16.7% during Q2, now owning 307,120 shares valued at approximately $23.1 million.
• Silicon Motion reported a Q2 EPS of $0.69, exceeding the consensus estimate of $0.54, while revenue was $198.68 million compared to expectations of $180.40 million.
• Multiple analysts have upgraded their ratings on Silicon Motion, with Craig Hallum setting a new target price of $100.00 and the consensus rating for the stock is a "Moderate Buy" with a target of $94.38.

Robeco Institutional Asset Management B.V. raised its holdings in shares of Silicon Motion Technology Corporation (NASDAQ:SIMO - Free Report) by 16.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 307,120 shares of the semiconductor producer's stock after buying an additional 43,854 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.90% of Silicon Motion Technology worth $23,086,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Parallel Advisors LLC raised its stake in shares of 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 period. GAMMA Investing LLC lifted its stake in shares of Silicon Motion Technology by 118.3% during the second quarter. GAMMA Investing LLC now owns 976 shares of the semiconductor producer's stock worth $73,000 after purchasing an additional 529 shares in the last quarter. Signaturefd LLC boosted its position 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 during the period. Cadence Bank grew its stake in shares of Silicon Motion Technology by 4.9% in the first quarter. Cadence Bank now owns 15,626 shares of the semiconductor producer's stock valued at $790,000 after buying an additional 737 shares in the last quarter. Finally, 1492 Capital Management LLC raised its holdings in shares of Silicon Motion Technology by 2.5% during the 1st quarter. 1492 Capital Management LLC now owns 31,391 shares of the semiconductor producer's stock valued at $1,587,000 after buying an additional 769 shares during the period. 78.02% of the stock is currently owned by hedge funds and other institutional investors.

Silicon Motion Technology Trading Down 3.2%

SIMO opened at $98.85 on Friday. The business's 50 day moving average is $82.86 and its 200-day moving average is $67.66. The stock has a market cap of $3.36 billion, a PE ratio of 41.71, a price-to-earnings-growth ratio of 4.94 and a beta of 1.03. Silicon Motion Technology Corporation has a twelve month low of $37.21 and a twelve month high of $104.90.

Silicon Motion Technology (NASDAQ:SIMO - Get Free Report) last posted its 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 analysts' expectations 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 revenue was down 5.7% compared to the same quarter last year. During the same period last year, the firm earned $0.96 EPS. Silicon Motion Technology has set its Q3 2025 guidance at EPS. As a group, analysts forecast that Silicon Motion Technology Corporation will post 3.08 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on SIMO shares. Craig Hallum boosted their target price on shares of Silicon Motion Technology from $70.00 to $100.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Bank of America raised 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. Roth Capital lifted 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. Citigroup upgraded Silicon Motion Technology to a "buy" rating in a research note on Wednesday, June 18th. Finally, Susquehanna increased their price objective on shares of Silicon Motion Technology from $90.00 to $95.00 and gave the company a "positive" rating in a research note on Friday, August 1st. Nine investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, Silicon Motion Technology has a consensus rating of "Moderate Buy" and a consensus price target of $94.38.

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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