Camelot Portfolios LLC Makes New $254,000 Investment in Silicon Motion Technology Corporation $SIMO

Camelot Portfolios LLC acquired a new position in shares of Silicon Motion Technology Corporation (NASDAQ:SIMO) during the second quarter, Holdings Channel reports. The fund acquired 3,384 shares of the semiconductor producer’s stock, valued at approximately $254,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cerity Partners LLC boosted its position in shares of Silicon Motion Technology by 35.9% during the 1st quarter. Cerity Partners LLC now owns 31,413 shares of the semiconductor producer’s stock worth $1,588,000 after purchasing an additional 8,298 shares in the last quarter. Farther Finance Advisors LLC lifted its position 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 acquiring an additional 1,529 shares in the last quarter. Hsbc Holdings PLC bought a new position in Silicon Motion Technology in the 1st quarter valued at about $238,000. Oppenheimer Asset Management Inc. lifted its position in Silicon Motion Technology by 16.0% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 5,692 shares of the semiconductor producer’s stock valued at $288,000 after acquiring an additional 785 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its position in Silicon Motion Technology by 65.5% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 202,721 shares of the semiconductor producer’s stock valued at $15,239,000 after acquiring an additional 80,208 shares in the last quarter. Institutional investors own 78.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on SIMO shares. Craig Hallum raised their price target on shares of Silicon Motion Technology from $70.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Bank of America raised shares of Silicon Motion Technology from a “neutral” rating to a “buy” rating and set a $90.00 target price on the stock in a research report on Wednesday, June 18th. Roth Capital lifted their target price on shares of Silicon Motion Technology from $70.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, June 17th. Citigroup upgraded shares of Silicon Motion Technology to a “buy” rating in a research note on Wednesday, June 18th. Finally, Susquehanna raised their price target on shares of Silicon Motion Technology from $90.00 to $95.00 and gave the stock a “positive” rating in a research note on Friday, August 1st. Nine investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $94.38.

Silicon Motion Technology Trading Up 0.3%

Silicon Motion Technology stock opened at $90.59 on Friday. Silicon Motion Technology Corporation has a 1-year low of $37.21 and a 1-year high of $97.70. The firm has a market capitalization of $3.08 billion, a price-to-earnings ratio of 38.22, a P/E/G ratio of 4.52 and a beta of 0.99. The firm has a 50 day simple moving average of $80.45 and a 200 day simple moving average of $66.15.

Silicon Motion Technology (NASDAQ:SIMO) last released its quarterly earnings results on Wednesday, July 30th. The semiconductor producer reported $0.69 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 10.36% and a return on equity of 10.14%. The business’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.96 EPS. Silicon Motion Technology has set its Q3 2025 guidance at EPS. On average, equities research analysts forecast that Silicon Motion Technology Corporation will post 3.08 EPS 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.