Russell Investments Group Ltd. Raises Stock Holdings in Silicon Motion Technology Corporation $SIMO

Russell Investments Group Ltd. lifted its position in shares of Silicon Motion Technology Corporation (NASDAQ:SIMO - Free Report) by 3.0% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 258,572 shares of the semiconductor producer's stock after buying an additional 7,572 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.76% of Silicon Motion Technology worth $13,088,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Parallel Advisors LLC lifted its position in shares of Silicon Motion Technology by 61.8% in the first 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 in the last quarter. Signaturefd LLC boosted 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 acquiring an additional 736 shares during the period. Menard Financial Group LLC bought a new position in shares of Silicon Motion Technology in the fourth quarter worth about $88,000. LRI Investments LLC boosted 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 acquiring an additional 2,543 shares during the period. Finally, Covestor Ltd boosted 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 acquiring an additional 2,117 shares during the period. Hedge funds and other institutional investors own 78.02% of the company's stock.

Silicon Motion Technology Trading Up 2.3%

Shares of NASDAQ:SIMO traded up $1.7250 during mid-day trading on Friday, reaching $75.9250. The stock had a trading volume of 40,786 shares, compared to its average volume of 426,877. The company has a market cap of $2.58 billion, a P/E ratio of 32.04, a price-to-earnings-growth ratio of 3.70 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 business's 50 day moving average price is $73.76 and its 200 day moving average price is $60.67.

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, topping analysts' consensus estimates of $0.54 by $0.15. The company had revenue of $198.68 million for 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 firm's revenue for the quarter was down 5.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.96 earnings per share. Silicon Motion Technology has set its Q3 2025 guidance at EPS. Analysts predict that Silicon Motion Technology Corporation will post 3.08 earnings per share for the current fiscal year.

Silicon Motion Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th were given a dividend of $0.50 per share. The ex-dividend date was Thursday, August 7th. This represents a $2.00 dividend on an annualized basis and a yield of 2.6%. Silicon Motion Technology's dividend payout ratio is 83.97%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Wedbush reaffirmed an "outperform" rating and issued a $90.00 price objective on shares of Silicon Motion Technology in a research note on Wednesday, April 30th. B. Riley reaffirmed a "buy" rating and issued a $90.00 price objective (up previously from $75.00) on shares of Silicon Motion Technology in a research note on Thursday, June 5th. Bank of America raised Silicon Motion Technology from a "neutral" rating to a "buy" rating and set a $90.00 price objective for the company in a research note on Wednesday, June 18th. Citigroup raised Silicon Motion Technology to a "buy" rating in a research note on Wednesday, June 18th. Finally, Needham & Company LLC upped their price objective on Silicon Motion Technology from $65.00 to $90.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Ten equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $87.78.

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.