Silicon Motion Technology Corporation $SIMO Shares Bought by Systematic Financial Management LP

Key Points

• Systematic Financial Management LP increased its stake in Silicon Motion Technology Corporation by 0.7%, owning 593,634 shares worth $30 million as of the latest quarter.
• Silicon Motion reported earnings of $0.69 per share, surpassing analysts' expectations and generating revenue of $198.68 million, despite a 5.7% decline from the previous year.
• The company announced a quarterly dividend of $0.50 per share, leading to an annualized yield of 2.6%, with a dividend payout ratio of 83.97%.

Systematic Financial Management LP lifted its position in shares of Silicon Motion Technology Corporation (NASDAQ:SIMO - Free Report) by 0.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 593,634 shares of the semiconductor producer's stock after buying an additional 4,225 shares during the quarter. Systematic Financial Management LP owned approximately 1.75% of Silicon Motion Technology worth $30,014,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in SIMO. Geode Capital Management LLC boosted its position in Silicon Motion Technology by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 36,248 shares of the semiconductor producer's stock valued at $1,959,000 after acquiring an additional 300 shares in the last quarter. Twinbeech Capital LP boosted its position in Silicon Motion Technology by 4.2% during the 4th quarter. Twinbeech Capital LP now owns 10,773 shares of the semiconductor producer's stock valued at $582,000 after acquiring an additional 438 shares in the last quarter. Parallel Advisors LLC boosted its position in Silicon Motion Technology by 61.8% during 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 in the last quarter. Signaturefd LLC boosted its position in Silicon Motion Technology by 79.3% during the 1st quarter. Signaturefd LLC now owns 1,664 shares of the semiconductor producer's stock valued at $84,000 after acquiring an additional 736 shares in the last quarter. Finally, Cadence Bank boosted its position in Silicon Motion Technology by 4.9% during the 1st quarter. Cadence Bank now owns 15,626 shares of the semiconductor producer's stock valued at $790,000 after acquiring an additional 737 shares in the last quarter. Institutional investors own 78.02% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on SIMO. Bank of America raised Silicon Motion Technology from a "neutral" rating to a "buy" rating and set a $90.00 target price on the stock in a research report on Wednesday, June 18th. Susquehanna increased their price objective on Silicon Motion Technology from $90.00 to $95.00 and gave the company a "positive" rating in a report on Friday, August 1st. Citigroup upgraded Silicon Motion Technology to a "buy" rating in a report on Wednesday, June 18th. B. Riley reiterated a "buy" rating and set a $90.00 price objective (up previously from $75.00) on shares of Silicon Motion Technology in a report on Thursday, June 5th. Finally, Needham & Company LLC increased their price objective on Silicon Motion Technology from $65.00 to $90.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Ten research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Silicon Motion Technology has a consensus rating of "Buy" and an average target price of $87.78.

Silicon Motion Technology Stock Performance

SIMO stock traded up $1.32 during midday trading on Tuesday, reaching $79.00. The stock had a trading volume of 218,339 shares, compared to its average volume of 332,322. The stock has a market cap of $2.68 billion, a PE ratio of 33.33, a P/E/G ratio of 3.88 and a beta of 0.92. The firm has a fifty day simple moving average of $74.32 and a two-hundred day simple moving average of $61.18. 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 issued its earnings results on Wednesday, July 30th. The semiconductor producer reported $0.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.54 by $0.15. The company had revenue of $198.68 million during the quarter, compared to analyst estimates 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 quarterly revenue was down 5.7% on a year-over-year basis. During the same quarter last year, the business posted $0.96 EPS. Silicon Motion Technology has set its Q3 2025 guidance at EPS. On average, sell-side analysts predict that Silicon Motion Technology Corporation will post 3.08 EPS for the current fiscal year.

Silicon Motion Technology Announces Dividend

The business also recently declared 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. This represents a $2.00 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Thursday, August 7th. Silicon Motion Technology's dividend payout ratio (DPR) is currently 83.97%.

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.