Rhumbline Advisers Has $234,000 Stock Holdings in Silicon Motion Technology Corporation $SIMO

Rhumbline Advisers lowered its stake in Silicon Motion Technology Corporation (NASDAQ:SIMO) by 18.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,623 shares of the semiconductor producer’s stock after selling 1,045 shares during the period. Rhumbline Advisers’ holdings in Silicon Motion Technology were worth $234,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SIMO. Ameriprise Financial Inc. lifted its stake in shares of Silicon Motion Technology by 124.6% in the 4th quarter. Ameriprise Financial Inc. now owns 6,430 shares of the semiconductor producer’s stock valued at $345,000 after acquiring an additional 32,576 shares during the last quarter. Squarepoint Ops LLC acquired a new position in Silicon Motion Technology in the 4th quarter worth about $256,000. Wellington Management Group LLP raised its position in Silicon Motion Technology by 40.1% in the fourth quarter. Wellington Management Group LLP now owns 797,192 shares of the semiconductor producer’s stock valued at $43,088,000 after purchasing an additional 228,333 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Silicon Motion Technology by 2,477.0% during the first quarter. GAMMA Investing LLC now owns 22,600 shares of the semiconductor producer’s stock valued at $1,143,000 after purchasing an additional 21,723 shares in the last quarter. Finally, Parallel Advisors LLC grew its holdings in shares of Silicon Motion Technology by 61.8% during the first quarter. Parallel Advisors LLC now owns 1,152 shares of the semiconductor producer’s stock worth $58,000 after purchasing an additional 440 shares during the last quarter. Institutional investors own 78.02% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on SIMO shares. Susquehanna raised their price objective on shares of Silicon Motion Technology from $90.00 to $95.00 and gave the company a “positive” rating in a report on Friday, August 1st. Bank of America raised shares of 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. B. Riley lifted their price target on shares of Silicon Motion Technology from $105.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday. Craig Hallum increased their price objective on Silicon Motion Technology from $70.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Finally, Citigroup raised Silicon Motion Technology to a “buy” rating in a research report on Wednesday, June 18th. Nine research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Silicon Motion Technology presently has an average rating of “Buy” and a consensus target price of $94.38.

Silicon Motion Technology Stock Down 2.3%

SIMO stock opened at $90.31 on Friday. The firm has a market cap of $3.07 billion, a price-to-earnings ratio of 38.11, a PEG ratio of 4.62 and a beta of 0.99. The company’s fifty day simple moving average is $80.10 and its 200 day simple moving average is $65.79. Silicon Motion Technology Corporation has a 12-month low of $37.21 and a 12-month high of $97.70.

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