Silicon Motion Technology Corporation $SIMO Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. grew its holdings in Silicon Motion Technology Corporation (NASDAQ:SIMO - Free Report) by 3.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 258,572 shares of the semiconductor producer's stock after acquiring an additional 7,572 shares during the period. Russell Investments Group Ltd. owned about 0.76% of Silicon Motion Technology worth $13,088,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of SIMO. Geode Capital Management LLC raised its holdings in shares of Silicon Motion Technology by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 36,248 shares of the semiconductor producer's stock valued at $1,959,000 after purchasing an additional 300 shares in the last quarter. Twinbeech Capital LP raised its holdings in shares of Silicon Motion Technology by 4.2% in the 4th quarter. Twinbeech Capital LP now owns 10,773 shares of the semiconductor producer's stock valued at $582,000 after purchasing an additional 438 shares in the last quarter. Parallel Advisors LLC raised its holdings 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 purchasing an additional 440 shares in the last quarter. Signaturefd LLC raised its holdings in shares of 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 purchasing an additional 736 shares in the last quarter. Finally, 1492 Capital Management LLC lifted its position in Silicon Motion Technology by 2.5% in the first 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.

Silicon Motion Technology Stock Down 0.1%

SIMO stock traded down $0.07 during trading on Thursday, hitting $74.07. The company had a trading volume of 81,848 shares, compared to its average volume of 428,846. The firm has a market cap of $2.52 billion, a PE ratio of 31.11, a price-to-earnings-growth ratio of 3.68 and a beta of 0.92. Silicon Motion Technology Corporation has a 1-year low of $37.21 and a 1-year high of $85.11. The firm has a 50-day moving average price of $73.63 and a 200-day moving average price of $60.51.

Silicon Motion Technology (NASDAQ:SIMO - Get Free Report) last issued 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 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 for the quarter was down 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.96 EPS. Silicon Motion Technology has set its Q3 2025 guidance at EPS. Sell-side analysts anticipate that Silicon Motion Technology Corporation will post 3.08 earnings per share for the current year.

Silicon Motion Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Thursday, August 7th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.7%. The ex-dividend date is Thursday, August 7th. Silicon Motion Technology's payout ratio is 83.97%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SIMO. Wedbush reissued an "outperform" rating and issued a $90.00 price target on shares of Silicon Motion Technology in a research report on Wednesday, April 30th. Needham & Company LLC boosted their price target on shares of Silicon Motion Technology from $65.00 to $90.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Citigroup raised shares of Silicon Motion Technology to a "buy" rating in a research report on Wednesday, June 18th. 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 research report on Wednesday, June 18th. 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 report on Thursday, June 5th. Ten investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $87.78.

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.