Silicon Motion Technology Corporation $SIMO Shares Acquired 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 increased its position in shares of Silicon Motion Technology Corporation (NASDAQ:SIMO - Free Report) by 0.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 593,634 shares of the semiconductor producer's stock after purchasing an additional 4,225 shares during the quarter. Systematic Financial Management LP owned approximately 1.75% of Silicon Motion Technology worth $30,014,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Cadence Bank boosted its stake in shares of Silicon Motion Technology by 4.9% in the 1st quarter. Cadence Bank now owns 15,626 shares of the semiconductor producer's stock valued at $790,000 after purchasing an additional 737 shares in the last quarter. Hsbc Holdings PLC bought a new position in shares of Silicon Motion Technology in the 1st quarter worth about $238,000. Boston Partners increased its stake in shares of Silicon Motion Technology by 77.3% in the 1st quarter. Boston Partners now owns 552,139 shares of the semiconductor producer's stock worth $27,900,000 after acquiring an additional 240,737 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Silicon Motion Technology by 3.0% in the 1st quarter. Russell Investments Group Ltd. now owns 258,572 shares of the semiconductor producer's stock worth $13,088,000 after acquiring an additional 7,572 shares in the last quarter. Finally, Invesco Ltd. increased its stake in shares of Silicon Motion Technology by 61.3% in the 1st quarter. Invesco Ltd. now owns 1,675,648 shares of the semiconductor producer's stock worth $84,721,000 after acquiring an additional 636,869 shares in the last quarter. Institutional investors own 78.02% of the company's stock.

Silicon Motion Technology Stock Up 4.0%

Shares of NASDAQ SIMO traded up $3.13 during midday trading on Thursday, reaching $81.70. 193,726 shares of the stock were exchanged, compared to its average volume of 420,851. The firm has a market cap of $2.78 billion, a price-to-earnings ratio of 34.42, a PEG ratio of 3.95 and a beta of 0.92. The firm has a 50-day simple moving average of $74.46 and a two-hundred day simple moving average of $61.30. Silicon Motion Technology Corporation has a twelve month low of $37.21 and a twelve month 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.54 by $0.15. Silicon Motion Technology had a net margin of 10.36% and a return on equity of 10.14%. The business had revenue of $198.68 million for the quarter, compared to the consensus estimate of $180.40 million. During the same period in the previous year, the firm earned $0.96 EPS. The business's revenue was down 5.7% on a year-over-year basis. Silicon Motion Technology has set its Q3 2025 guidance at EPS. Research analysts expect that Silicon Motion Technology Corporation will post 3.08 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on SIMO. Roth Capital raised their price objective on shares of Silicon Motion Technology from $70.00 to $90.00 and gave the company a "buy" rating in a research note on Tuesday, June 17th. Wedbush restated an "outperform" rating and issued a $90.00 price target on shares of Silicon Motion Technology in a research report on Wednesday, April 30th. Craig Hallum boosted their target price on shares of Silicon Motion Technology from $70.00 to $100.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Susquehanna boosted their target price 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. Finally, Citigroup raised shares of Silicon Motion Technology to a "buy" rating in a research note on Wednesday, June 18th. Ten equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus 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.