Hsbc Holdings PLC Takes Position in Silicon Motion Technology Corporation $SIMO

Hsbc Holdings PLC acquired a new position in Silicon Motion Technology Corporation (NASDAQ:SIMO) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,760 shares of the semiconductor producer’s stock, valued at approximately $238,000.

Other hedge funds also recently added to or reduced their stakes in the company. Cerity Partners LLC grew its position in Silicon Motion Technology by 35.9% in the first quarter. Cerity Partners LLC now owns 31,413 shares of the semiconductor producer’s stock worth $1,588,000 after acquiring an additional 8,298 shares during the period. Farther Finance Advisors LLC grew its position in Silicon Motion Technology by 66.8% in the first quarter. Farther Finance Advisors LLC now owns 3,819 shares of the semiconductor producer’s stock worth $195,000 after acquiring an additional 1,529 shares during the period. Oppenheimer Asset Management Inc. grew its position in Silicon Motion Technology by 16.0% in the first quarter. Oppenheimer Asset Management Inc. now owns 5,692 shares of the semiconductor producer’s stock worth $288,000 after acquiring an additional 785 shares during the period. Natixis Advisors LLC purchased a new position in Silicon Motion Technology in the first quarter worth approximately $561,000. Finally, Easterly Investment Partners LLC grew its position in Silicon Motion Technology by 1.8% in the first quarter. Easterly Investment Partners LLC now owns 208,556 shares of the semiconductor producer’s stock worth $10,545,000 after acquiring an additional 3,625 shares during the period. 78.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Needham & Company LLC increased their price objective on Silicon Motion Technology from $65.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Roth Capital increased their price objective on 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 upped their price target on Silicon Motion Technology from $90.00 to $95.00 and gave the stock a “positive” rating in a research note on Friday, August 1st. Citigroup upgraded Silicon Motion Technology to a “buy” rating in a research note on Wednesday, June 18th. Finally, Bank of America upgraded Silicon Motion Technology from a “neutral” rating to a “buy” rating and set a $90.00 price target on the stock in a research note on Wednesday, June 18th. Ten equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Silicon Motion Technology presently has a consensus rating of “Buy” and a consensus price target of $87.78.

Silicon Motion Technology Trading Up 2.1%

Shares of NASDAQ SIMO opened at $81.17 on Friday. The stock has a market cap of $2.76 billion, a P/E ratio of 34.25, a PEG ratio of 3.97 and a beta of 0.99. Silicon Motion Technology Corporation has a 12-month low of $37.21 and a 12-month high of $85.11. The business’s fifty day simple moving average is $75.55 and its 200-day simple moving average is $62.36.

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