Prospect Capital Advisors LLC Has $9.23 Million Position in Silicon Motion Technology Corporation $SIMO

Prospect Capital Advisors LLC cut its position in Silicon Motion Technology Corporation (NASDAQ:SIMO) by 6.9% during the 1st quarter, HoldingsChannel reports. The firm owned 82,240 shares of the semiconductor producer’s stock after selling 6,110 shares during the quarter. Silicon Motion Technology comprises about 5.1% of Prospect Capital Advisors LLC’s portfolio, making the stock its 7th largest holding. Prospect Capital Advisors LLC’s holdings in Silicon Motion Technology were worth $9,235,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Reinhart Partners LLC. increased its holdings in shares of Silicon Motion Technology by 4.8% in the fourth quarter. Reinhart Partners LLC. now owns 1,573,355 shares of the semiconductor producer’s stock worth $145,851,000 after acquiring an additional 72,421 shares in the last quarter. Hawk Ridge Capital Management LP lifted its holdings in shares of Silicon Motion Technology by 48.9% during the 1st quarter. Hawk Ridge Capital Management LP now owns 1,173,315 shares of the semiconductor producer’s stock valued at $131,752,000 after purchasing an additional 385,568 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in shares of Silicon Motion Technology by 2.3% during the 3rd quarter. Lazard Asset Management LLC now owns 783,663 shares of the semiconductor producer’s stock valued at $74,299,000 after purchasing an additional 17,741 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of Silicon Motion Technology by 40.9% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 623,953 shares of the semiconductor producer’s stock valued at $57,840,000 after purchasing an additional 181,206 shares during the period. Finally, Wolf Hill Capital Management LP acquired a new position in shares of Silicon Motion Technology in the 4th quarter valued at approximately $53,893,000. 78.02% of the stock is owned by institutional investors and hedge funds.

More Silicon Motion Technology News

Here are the key news stories impacting Silicon Motion Technology this week:

• Positive Sentiment: Silicon Motion reported second-quarter revenue of $451 million, up 32% sequentially and 127% year over year. Non-GAAP earnings of $2.43 per ADS exceeded the $2.13 consensus estimate, while gross margin reached 50.2%. Silicon Motion Q2 earnings report
• Positive Sentiment: Management projected third-quarter revenue of $519 million to $541 million, representing 15% to 20% sequential growth and 114% to 124% annual growth. The company also expects non-GAAP operating margin of 27.5% to 28.5%. Silicon Motion Q3 guidance
• Positive Sentiment: Growth is broadening beyond consumer NAND controllers. Enterprise and edge SSD products, eMMC/UFS controllers, and Ferri and Boot Drive solutions—particularly for AI infrastructure, automotive and enterprise applications—are driving the company’s diversification. SIMO AI storage expansion
• Positive Sentiment: Wedbush said the results show SIMO is “executing on all fronts,” while Susquehanna raised its price target to $350 and Needham lifted its target to $355, both signaling continued confidence in the growth outlook. Wedbush and analyst commentary
• Positive Sentiment: Silicon Motion and MediaTek are collaborating on AI-ready vehicle storage solutions, adding potential exposure to automotive and edge-AI markets. Silicon Motion and MediaTek automotive storage partnership
• Neutral Sentiment: Despite the improved outlook, SIMO’s elevated valuation and recent rally may encourage profit-taking. Investors are also comparing its valuation with Hewlett Packard Enterprise, creating a potential near-term focus on relative value rather than fundamentals alone. HPE versus SIMO value comparison
• Negative Sentiment: Management cautioned that consumer businesses face NAND pricing and supply headwinds. Rising inventories, lower cash balances and recent bank borrowing could also temper enthusiasm if demand or execution weakens.

Insider Activity at Silicon Motion Technology

In other news, Director Kuan-Ming Lin sold 2,000 shares of Silicon Motion Technology stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $305.00, for a total value of $610,000.00. Following the sale, the director directly owned 8,500 shares in the company, valued at $2,592,500. This trade represents a 19.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Han-Ping Shieh sold 1,000 shares of Silicon Motion Technology stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $328.00, for a total transaction of $328,000.00. Following the completion of the sale, the director owned 7,500 shares in the company, valued at $2,460,000. This trade represents a 11.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 4,000 shares of company stock valued at $1,239,250 over the last ninety days. Company insiders own 5.34% of the company’s stock.

Silicon Motion Technology Price Performance

SIMO stock opened at $253.60 on Friday. The stock has a market capitalization of $8.60 billion, a P/E ratio of 29.73, a P/E/G ratio of 0.56 and a beta of 1.70. The business has a 50-day moving average of $288.86 and a 200-day moving average of $196.64. Silicon Motion Technology Corporation has a fifty-two week low of $71.35 and a fifty-two week high of $355.00.

Silicon Motion Technology (NASDAQ:SIMO) last posted its quarterly earnings data on Wednesday, July 29th. The semiconductor producer reported $2.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.13 by $0.30. Silicon Motion Technology had a return on equity of 33.82% and a net margin of 22.06%.The business had revenue of $451.00 million during the quarter, compared to the consensus estimate of $403.41 million. During the same period last year, the company earned $0.69 earnings per share. Silicon Motion Technology’s quarterly revenue was up 127.0% on a year-over-year basis. Equities analysts expect that Silicon Motion Technology Corporation will post 9.01 EPS for the current year.

Silicon Motion Technology Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, August 6th. This represents a $2.00 dividend on an annualized basis and a yield of 0.8%. Silicon Motion Technology’s dividend payout ratio is 23.33%.

Analyst Upgrades and Downgrades

SIMO has been the subject of a number of research reports. Zacks Research raised Silicon Motion Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. Roth Capital reaffirmed a “buy” rating and issued a $350.00 price target on shares of Silicon Motion Technology in a research note on Thursday. Craig Hallum reiterated a “buy” rating and issued a $325.00 price target on shares of Silicon Motion Technology in a report on Friday. JPMorgan Chase & Co. increased their price objective on shares of Silicon Motion Technology from $145.00 to $260.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Finally, Needham & Company LLC raised their price objective on shares of Silicon Motion Technology from $240.00 to $355.00 and gave the stock a “buy” rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Silicon Motion Technology has an average rating of “Buy” and an average target price of $341.43.

Silicon Motion Technology 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.