First Eagle Investment Management LLC Invests $10.99 Million in Silicon Motion Technology Corporation $SIMO

First Eagle Investment Management LLC bought a new stake in Silicon Motion Technology Corporation (NASDAQ:SIMO) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 146,200 shares of the semiconductor producer’s stock, valued at approximately $10,990,000. First Eagle Investment Management LLC owned about 0.43% of Silicon Motion Technology at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Assetmark Inc. increased its position in Silicon Motion Technology by 15.1% during the 2nd quarter. Assetmark Inc. now owns 2,191 shares of the semiconductor producer’s stock worth $165,000 after purchasing an additional 287 shares during the period. GAMMA Investing LLC boosted its holdings in Silicon Motion Technology by 118.3% during the second quarter. GAMMA Investing LLC now owns 976 shares of the semiconductor producer’s stock worth $73,000 after buying an additional 529 shares in the last quarter. Oppenheimer Asset Management Inc. grew its position in Silicon Motion Technology by 11.6% during the second quarter. Oppenheimer Asset Management Inc. now owns 6,351 shares of the semiconductor producer’s stock worth $477,000 after buying an additional 659 shares during the period. Blue Trust Inc. grew its position in Silicon Motion Technology by 53.3% during the second quarter. Blue Trust Inc. now owns 2,026 shares of the semiconductor producer’s stock worth $152,000 after buying an additional 704 shares during the period. Finally, Signaturefd LLC increased its holdings in 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 buying an additional 736 shares in the last quarter. 78.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on SIMO. Wall Street Zen upgraded Silicon Motion Technology from a “hold” rating to a “buy” rating in a report on Saturday. Roth Capital reissued a “buy” rating and issued a $120.00 target price on shares of Silicon Motion Technology in a report on Friday, October 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Silicon Motion Technology in a research note on Wednesday, October 8th. Craig Hallum boosted their price objective on shares of Silicon Motion Technology from $70.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Finally, Susquehanna raised their target price on shares of Silicon Motion Technology from $95.00 to $120.00 and gave the company a “positive” rating in a report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Silicon Motion Technology currently has a consensus rating of “Buy” and an average price target of $111.25.

Silicon Motion Technology Trading Down 1.7%

Shares of SIMO stock opened at $93.71 on Friday. The company has a market capitalization of $3.18 billion, a price-to-earnings ratio of 39.54, a PEG ratio of 1.75 and a beta of 1.03. The firm has a 50-day moving average price of $92.28 and a 200 day moving average price of $76.28. Silicon Motion Technology Corporation has a twelve month low of $37.21 and a twelve month high of $106.60.

Silicon Motion Technology (NASDAQ:SIMO) last released its quarterly earnings results on Thursday, October 30th. The semiconductor producer reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.19. The company had revenue of $242.00 million for the quarter, compared to analysts’ expectations of $222.60 million. Silicon Motion Technology had a net margin of 10.36% and a return on equity of 10.14%. The firm’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period last year, the company earned $0.92 EPS. Silicon Motion Technology has set its Q4 2025 guidance at EPS. As a group, research analysts predict that Silicon Motion Technology Corporation will post 3.08 earnings per share for the current year.

Silicon Motion Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Thursday, August 6th. Silicon Motion Technology’s payout ratio is presently 68.73%.

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.