Blue Trust Inc. Buys 704 Shares of Silicon Motion Technology Corporation $SIMO

Blue Trust Inc. increased its holdings in shares of Silicon Motion Technology Corporation (NASDAQ:SIMO) by 53.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,026 shares of the semiconductor producer’s stock after purchasing an additional 704 shares during the period. Blue Trust Inc.’s holdings in Silicon Motion Technology were worth $152,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in SIMO. Farther Finance Advisors LLC boosted its stake in Silicon Motion Technology by 66.8% in the 1st quarter. Farther Finance Advisors LLC now owns 3,819 shares of the semiconductor producer’s stock valued at $195,000 after purchasing an additional 1,529 shares during the period. Deltec Asset Management LLC boosted its holdings in Silicon Motion Technology by 78.8% in the first quarter. Deltec Asset Management LLC now owns 13,500 shares of the semiconductor producer’s stock worth $683,000 after acquiring an additional 5,950 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of Silicon Motion Technology by 16.0% in the first quarter. Oppenheimer Asset Management Inc. now owns 5,692 shares of the semiconductor producer’s stock valued at $288,000 after purchasing an additional 785 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of Silicon Motion Technology by 4.5% during the first quarter. Robeco Institutional Asset Management B.V. now owns 263,266 shares of the semiconductor producer’s stock valued at $13,311,000 after acquiring an additional 11,328 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in Silicon Motion Technology by 77.6% in the first quarter. Envestnet Asset Management Inc. now owns 93,821 shares of the semiconductor producer’s stock worth $4,744,000 after buying an additional 40,981 shares during the last quarter. Institutional investors and hedge funds own 78.02% of the company’s stock.

Analyst Upgrades and Downgrades

SIMO has been the subject of several research analyst reports. B. Riley lifted their price objective 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. Susquehanna lifted their price target on Silicon Motion Technology from $90.00 to $95.00 and gave the stock a “positive” rating in a research note on Friday, August 1st. Citigroup raised Silicon Motion Technology to a “buy” rating in a research note on Wednesday, June 18th. Bank of America raised Silicon Motion Technology from a “neutral” rating to a “buy” rating and set a $90.00 price target for the company in a research note on Wednesday, June 18th. Finally, Craig Hallum lifted their price target on Silicon Motion Technology from $70.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Eight research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $96.43.

Silicon Motion Technology Trading Up 4.4%

SIMO opened at $92.64 on Thursday. The company has a market cap of $3.15 billion, a P/E ratio of 39.09, a P/E/G ratio of 4.79 and a beta of 1.03. The business’s 50-day moving average price is $85.43 and its 200-day moving average price is $69.68. Silicon Motion Technology Corporation has a 12 month low of $37.21 and a 12 month high of $104.90.

Silicon Motion Technology (NASDAQ:SIMO) last released its quarterly earnings data on Wednesday, July 30th. The semiconductor producer reported $0.69 EPS for the quarter, topping the consensus estimate of $0.54 by $0.15. The firm 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 company’s quarterly revenue was down 5.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.96 earnings per share. Silicon Motion Technology has set its Q3 2025 guidance at EPS. Equities research analysts forecast that Silicon Motion Technology Corporation will post 3.08 earnings per share for the current fiscal year.

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.