Wedbush Issues Negative Estimate for SIMO Earnings

Silicon Motion Technology Co. (NASDAQ:SIMO) – Research analysts at Wedbush lowered their Q2 2025 earnings estimates for Silicon Motion Technology in a report released on Wednesday, April 30th. Wedbush analyst M. Bryson now anticipates that the semiconductor producer will post earnings of $0.38 per share for the quarter, down from their previous forecast of $0.47. Wedbush has a “Outperform” rating and a $90.00 price target on the stock. The consensus estimate for Silicon Motion Technology’s current full-year earnings is $3.08 per share. Wedbush also issued estimates for Silicon Motion Technology’s Q3 2025 earnings at $0.86 EPS, Q1 2026 earnings at $0.95 EPS and Q3 2026 earnings at $1.33 EPS.

Silicon Motion Technology (NASDAQ:SIMO) last posted its quarterly earnings results on Tuesday, April 29th. The semiconductor producer reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.16. The company had revenue of $166.49 million for the quarter, compared to the consensus estimate of $162.69 million. Silicon Motion Technology had a return on equity of 11.63% and a net margin of 11.29%. The firm’s quarterly revenue was down 12.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.64 EPS.

A number of other brokerages have also weighed in on SIMO. B. Riley boosted their price objective on shares of Silicon Motion Technology from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday. StockNews.com cut Silicon Motion Technology from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. Needham & Company LLC reduced their price target on shares of Silicon Motion Technology from $70.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Bank of America upgraded shares of Silicon Motion Technology from an “underperform” rating to a “neutral” rating and set a $47.00 target price for the company in a research report on Wednesday, April 23rd. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Silicon Motion Technology has a consensus rating of “Moderate Buy” and a consensus price target of $75.88.

Silicon Motion Technology Stock Performance

NASDAQ:SIMO opened at $53.51 on Friday. The firm has a 50-day simple moving average of $48.31 and a two-hundred day simple moving average of $52.57. The firm has a market cap of $1.80 billion, a P/E ratio of 19.89, a P/E/G ratio of 1.36 and a beta of 0.81. Silicon Motion Technology has a fifty-two week low of $37.21 and a fifty-two week high of $85.87.

Silicon Motion Technology declared that its board has approved a stock repurchase plan on Wednesday, February 5th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the semiconductor producer to reacquire up to 2.6% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.

Hedge Funds Weigh In On Silicon Motion Technology

A number of hedge funds have recently made changes to their positions in the business. Easterly Investment Partners LLC lifted its holdings in Silicon Motion Technology by 1.8% in the 1st quarter. Easterly Investment Partners LLC now owns 208,556 shares of the semiconductor producer’s stock worth $10,545,000 after purchasing an additional 3,625 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Silicon Motion Technology by 8.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 757,506 shares of the semiconductor producer’s stock worth $38,300,000 after buying an additional 61,213 shares in the last quarter. Signaturefd LLC boosted its position in shares of Silicon Motion Technology by 79.3% during the first quarter. Signaturefd LLC now owns 1,664 shares of the semiconductor producer’s stock worth $84,000 after acquiring an additional 736 shares during the last quarter. Cerity Partners LLC grew its stake in Silicon Motion Technology by 35.9% during the first quarter. Cerity Partners LLC now owns 31,413 shares of the semiconductor producer’s stock valued at $1,588,000 after acquiring an additional 8,298 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in Silicon Motion Technology by 77.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 93,821 shares of the semiconductor producer’s stock valued at $4,744,000 after acquiring an additional 40,981 shares during the last quarter. Institutional investors own 78.02% of the company’s stock.

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.