Oppenheimer Asset Management Inc. Purchases 659 Shares of Silicon Motion Technology Corporation $SIMO

Oppenheimer Asset Management Inc. grew its stake in shares of Silicon Motion Technology Corporation (NASDAQ:SIMO) by 11.6% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 6,351 shares of the semiconductor producer’s stock after acquiring an additional 659 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Silicon Motion Technology were worth $477,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in shares of Silicon Motion Technology by 118.3% during the 2nd quarter. GAMMA Investing LLC now owns 976 shares of the semiconductor producer’s stock worth $73,000 after purchasing an additional 529 shares in the last quarter. Signaturefd LLC raised its position 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 purchasing an additional 736 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Silicon Motion Technology by 53.3% in the second quarter. Blue Trust Inc. now owns 2,026 shares of the semiconductor producer’s stock valued at $152,000 after buying an additional 704 shares during the period. LRI Investments LLC increased its stake in shares of Silicon Motion Technology by 704.0% in the second quarter. LRI Investments LLC now owns 2,814 shares of the semiconductor producer’s stock valued at $212,000 after buying an additional 2,464 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of Silicon Motion Technology in the second quarter valued at about $226,000. 78.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Susquehanna raised their target price 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. Zacks Research upgraded Silicon Motion Technology from a “hold” rating to a “strong-buy” rating in a report on Friday, October 24th. Needham & Company LLC boosted 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 reissued a “buy” rating and issued a $120.00 price objective on shares of Silicon Motion Technology in a research report on Friday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Silicon Motion Technology in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $104.29.

Silicon Motion Technology Stock Down 1.9%

Shares of SIMO stock opened at $98.11 on Friday. The business has a 50-day moving average price of $90.68 and a two-hundred day moving average price of $74.57. Silicon Motion Technology Corporation has a 12-month low of $37.21 and a 12-month high of $106.60. The firm has a market cap of $3.33 billion, a P/E ratio of 41.40, a price-to-earnings-growth ratio of 1.75 and a beta of 1.03.

Silicon Motion Technology (NASDAQ:SIMO) last issued 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. Silicon Motion Technology had a return on equity of 10.14% and a net margin of 10.36%.The firm had revenue of $242.00 million during the quarter, compared to analyst estimates of $222.60 million. During the same quarter in the previous year, the company posted $0.92 earnings per share. The company’s revenue was up 13.9% compared to the same quarter last year. Silicon Motion Technology has set its Q4 2025 guidance at EPS. As a group, research analysts expect that Silicon Motion Technology Corporation will post 3.08 EPS for the current fiscal year.

Silicon Motion Technology Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Thursday, August 6th. Silicon Motion Technology’s payout ratio is 83.97%.

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.