Silicon Motion Technology Corporation (NASDAQ:SIMO) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Silicon Motion Technology Corporation (NASDAQ:SIMO) has received a consensus rating of “Moderate Buy” from analysts, with nine out of ten analysts giving it a buy rating.
• The company's Q2 earnings exceeded expectations, reporting $0.69 EPS against a consensus estimate of $0.54, with revenue of $198.68 million.
• Recent price targets from analysts for Silicon Motion Technology range from $90.00 to $120.00, indicating positive sentiment among experts about its future performance.

Shares of Silicon Motion Technology Corporation (NASDAQ:SIMO - Get Free Report) have received a consensus rating of "Moderate Buy" from the ten analysts that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $94.3750.

SIMO has been the subject of a number of recent research reports. Citigroup upgraded shares of Silicon Motion Technology to a "buy" rating in a report on Wednesday, June 18th. Needham & Company LLC boosted their price target on shares of Silicon Motion Technology from $65.00 to $90.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Susquehanna upped their price target on shares of Silicon Motion Technology from $90.00 to $95.00 and gave the company a "positive" rating in a research report on Friday, August 1st. Bank of America raised Silicon Motion Technology from a "neutral" rating to a "buy" rating and set a $90.00 price objective on the stock in a research note on Wednesday, June 18th. Finally, B. Riley boosted their target price on Silicon Motion Technology from $105.00 to $120.00 and gave the company a "buy" rating in a research note on Wednesday, September 24th.

Silicon Motion Technology Trading Down 3.2%

SIMO opened at $98.85 on Monday. The stock has a market capitalization of $3.36 billion, a P/E ratio of 41.71, a PEG ratio of 4.94 and a beta of 1.03. The stock has a 50-day moving average price of $82.86 and a 200-day moving average price of $67.74. Silicon Motion Technology has a 12-month low of $37.21 and a 12-month high of $104.90.

Silicon Motion Technology (NASDAQ:SIMO - Get Free Report) last released its earnings results on Wednesday, July 30th. The semiconductor producer reported $0.69 earnings per share 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 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%.Silicon Motion Technology's quarterly revenue was down 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.96 EPS. Silicon Motion Technology has set its Q3 2025 guidance at EPS. On average, equities research analysts predict that Silicon Motion Technology will post 3.08 EPS for the current year.

Institutional Trading of Silicon Motion Technology

A number of institutional investors have recently made changes to their positions in the stock. Orion Porfolio Solutions LLC grew its holdings in shares of Silicon Motion Technology by 0.9% in the second quarter. Orion Porfolio Solutions LLC now owns 17,733 shares of the semiconductor producer's stock worth $1,333,000 after purchasing an additional 159 shares during the last quarter. GAMMA Investing LLC boosted its position in Silicon Motion Technology by 23.3% during the 3rd quarter. GAMMA Investing LLC now owns 1,203 shares of the semiconductor producer's stock valued at $114,000 after buying an additional 227 shares during the period. Assetmark Inc. grew its holdings in Silicon Motion Technology by 15.1% in the 2nd quarter. Assetmark Inc. now owns 2,191 shares of the semiconductor producer's stock worth $165,000 after acquiring an additional 287 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Silicon Motion Technology by 169.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 582 shares of the semiconductor producer's stock worth $44,000 after acquiring an additional 366 shares during the last quarter. Finally, Parallel Advisors LLC increased 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 during the period. Hedge funds and other institutional investors own 78.02% of the company's stock.

About Silicon Motion Technology

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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