Naples Global Advisors LLC Sells 4,380 Shares of Silicon Motion Technology Corporation $SIMO

Naples Global Advisors LLC reduced its stake in Silicon Motion Technology Corporation (NASDAQ:SIMO) by 19.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,680 shares of the semiconductor producer’s stock after selling 4,380 shares during the period. Naples Global Advisors LLC’s holdings in Silicon Motion Technology were worth $1,329,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SIMO. Invesco Ltd. increased its stake in Silicon Motion Technology by 61.3% in the first quarter. Invesco Ltd. now owns 1,675,648 shares of the semiconductor producer’s stock valued at $84,721,000 after purchasing an additional 636,869 shares in the last quarter. Boston Partners increased its position in shares of Silicon Motion Technology by 77.3% during the first quarter. Boston Partners now owns 552,139 shares of the semiconductor producer’s stock worth $27,900,000 after acquiring an additional 240,737 shares in the last quarter. Reinhart Partners LLC. increased its position in shares of Silicon Motion Technology by 20.1% during the first quarter. Reinhart Partners LLC. now owns 1,364,291 shares of the semiconductor producer’s stock worth $68,979,000 after acquiring an additional 228,553 shares in the last quarter. Neumeier Poma Investment Counsel LLC increased its position in shares of Silicon Motion Technology by 94.3% during the first quarter. Neumeier Poma Investment Counsel LLC now owns 353,015 shares of the semiconductor producer’s stock worth $17,848,000 after acquiring an additional 171,350 shares in the last quarter. Finally, Clearline Capital LP increased its position in shares of Silicon Motion Technology by 67.5% during the first quarter. Clearline Capital LP now owns 289,846 shares of the semiconductor producer’s stock worth $14,655,000 after acquiring an additional 116,850 shares in the last quarter. 78.02% of the stock is owned by institutional investors.

Silicon Motion Technology Stock Performance

Silicon Motion Technology stock opened at $102.07 on Friday. Silicon Motion Technology Corporation has a fifty-two week low of $37.21 and a fifty-two week high of $102.40. The stock has a market cap of $3.47 billion, a PE ratio of 43.07, a price-to-earnings-growth ratio of 4.86 and a beta of 1.03. The firm’s 50-day simple moving average is $82.34 and its 200 day simple moving average is $67.28.

Silicon Motion Technology (NASDAQ:SIMO) last released its earnings results on Wednesday, July 30th. The semiconductor producer reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.15. The firm had revenue of $198.68 million for the quarter, compared to analysts’ expectations of $180.40 million. Silicon Motion Technology had a net margin of 10.36% and a return on equity of 10.14%. The company’s quarterly revenue was down 5.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.96 earnings per share. Silicon Motion Technology has set its Q3 2025 guidance at EPS. As a group, analysts predict that Silicon Motion Technology Corporation will post 3.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Roth Capital boosted 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. Susquehanna boosted their target price on shares of Silicon Motion Technology from $90.00 to $95.00 and gave the stock a “positive” rating in a research report on Friday, August 1st. B. Riley boosted their target price on shares of Silicon Motion Technology from $105.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. Bank of America upgraded shares of Silicon Motion Technology from a “neutral” rating to a “buy” rating and set a $90.00 price target on the stock in a report on Wednesday, June 18th. Finally, 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 report on Thursday, July 31st. Nine investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $94.38.

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.