Wedbush Has Bullish Estimate for SIMO FY2025 Earnings

Silicon Motion Technology Co. (NASDAQ:SIMO - Free Report) - Investment analysts at Wedbush upped their FY2025 EPS estimates for Silicon Motion Technology in a research report issued on Wednesday, April 30th. Wedbush analyst M. Bryson now forecasts that the semiconductor producer will post earnings of $3.02 per share for the year, up from their prior estimate of $2.95. Wedbush has a "Outperform" rating and a $90.00 price objective on the stock. The consensus estimate for Silicon Motion Technology's current full-year earnings is $3.08 per share. Wedbush also issued estimates for Silicon Motion Technology's Q4 2025 earnings at $1.20 EPS, Q2 2026 earnings at $1.08 EPS, Q4 2026 earnings at $1.41 EPS and FY2026 earnings at $4.77 EPS.

A number of other equities research analysts also recently commented on the stock. Needham & Company LLC reduced their price objective on shares of Silicon Motion Technology from $70.00 to $65.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Bank of America upgraded Silicon Motion Technology from an "underperform" rating to a "neutral" rating and set a $47.00 price target on the stock in a research note on Wednesday, April 23rd. StockNews.com cut Silicon Motion Technology from a "buy" rating to a "hold" rating in a research report on Thursday, February 13th. Finally, B. Riley boosted their target price on shares of Silicon Motion Technology from $70.00 to $75.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Silicon Motion Technology has a consensus rating of "Moderate Buy" and a consensus price target of $75.88.

Silicon Motion Technology Price Performance

Shares of SIMO stock traded down $0.56 during mid-day trading on Monday, hitting $52.23. The stock had a trading volume of 46,518 shares, compared to its average volume of 455,446. The firm has a market cap of $1.77 billion, a PE ratio of 19.42, a PEG ratio of 1.36 and a beta of 0.72. The company's 50-day simple moving average is $48.09 and its 200-day simple moving average is $52.47. Silicon Motion Technology has a fifty-two week low of $37.21 and a fifty-two week high of $85.87.

Silicon Motion Technology (NASDAQ:SIMO - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The semiconductor producer reported $0.60 EPS for the quarter, topping the consensus estimate of $0.44 by $0.16. Silicon Motion Technology had a return on equity of 11.63% and a net margin of 11.29%. The business had revenue of $166.49 million during the quarter, compared to analysts' expectations of $162.69 million. During the same quarter in the prior year, the business earned $0.64 earnings per share. The company's quarterly revenue was down 12.1% compared to the same quarter last year.

Hedge Funds Weigh In On Silicon Motion Technology

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its stake in shares of Silicon Motion Technology by 123.2% during the 4th quarter. GAMMA Investing LLC now owns 877 shares of the semiconductor producer's stock worth $47,000 after purchasing an additional 484 shares in the last quarter. Parallel Advisors LLC raised its holdings 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 worth $58,000 after acquiring an additional 440 shares during the last quarter. Signaturefd LLC lifted its position 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 valued at $84,000 after acquiring an additional 736 shares in the last quarter. Menard Financial Group LLC acquired a new stake in shares of Silicon Motion Technology during the fourth quarter valued at $88,000. Finally, Blue Trust Inc. increased its position in Silicon Motion Technology by 64.7% during the 4th quarter. Blue Trust Inc. now owns 2,248 shares of the semiconductor producer's stock worth $122,000 after purchasing an additional 883 shares in the last quarter. Institutional investors and hedge funds own 78.02% of the company's stock.

Silicon Motion Technology declared that its board has initiated a share buyback plan on Wednesday, February 5th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the semiconductor producer to purchase up to 2.6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's management believes its shares are undervalued.

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.