Silicon Motion Technology Corporation $SIMO Shares Bought by Acadian Asset Management LLC

Acadian Asset Management LLC boosted its stake in shares of Silicon Motion Technology Corporation (NASDAQ:SIMO) by 4.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,310,353 shares of the semiconductor producer’s stock after purchasing an additional 51,978 shares during the period. Acadian Asset Management LLC owned approximately 3.86% of Silicon Motion Technology worth $98,453,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC raised its stake in shares of Silicon Motion Technology by 118.3% in the second quarter. GAMMA Investing LLC now owns 976 shares of the semiconductor producer’s stock worth $73,000 after purchasing an additional 529 shares during the last quarter. Signaturefd LLC increased its holdings in Silicon Motion Technology by 79.3% in the 1st quarter. Signaturefd LLC now owns 1,664 shares of the semiconductor producer’s stock worth $84,000 after buying an additional 736 shares during the period. Blue Trust Inc. increased its holdings in Silicon Motion Technology by 53.3% in the 2nd 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. Assetmark Inc. raised 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 buying an additional 287 shares during the last quarter. Finally, Covestor Ltd lifted its stake in Silicon Motion Technology by 161.4% during the 1st quarter. Covestor Ltd now owns 3,429 shares of the semiconductor producer’s stock valued at $173,000 after acquiring an additional 2,117 shares during the period. Hedge funds and other institutional investors own 78.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Silicon Motion Technology in a research note on Wednesday, October 8th. Wall Street Zen upgraded Silicon Motion Technology from a “hold” rating to a “buy” rating in a research report on Saturday. B. Riley upped their price objective on Silicon Motion Technology from $105.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. JPMorgan Chase & Co. raised their price objective on shares of Silicon Motion Technology from $85.00 to $110.00 and gave the stock an “overweight” rating in a research note on Monday, November 3rd. Finally, Zacks Research raised shares of Silicon Motion Technology from a “hold” rating to a “strong-buy” rating in a report on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $111.25.

Silicon Motion Technology Trading Down 1.7%

Shares of Silicon Motion Technology stock opened at $93.71 on Friday. Silicon Motion Technology Corporation has a twelve month low of $37.21 and a twelve month high of $106.60. The firm has a market capitalization of $3.18 billion, a PE ratio of 39.54, a P/E/G ratio of 1.75 and a beta of 1.03. The firm’s 50-day moving average price is $92.28 and its 200 day moving average price is $76.54.

Silicon Motion Technology (NASDAQ:SIMO) last announced its earnings results on Thursday, October 30th. The semiconductor producer reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. The business had revenue of $242.00 million during the quarter, compared to analysts’ expectations of $222.60 million. Silicon Motion Technology had a return on equity of 10.14% and a net margin of 10.36%.The business’s revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.92 earnings per share. Silicon Motion Technology has set its Q4 2025 guidance at EPS. On average, sell-side analysts predict that Silicon Motion Technology Corporation will post 3.08 EPS for the current fiscal year.

Silicon Motion Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th will be issued a $0.50 dividend. The ex-dividend date is Thursday, August 6th. This represents a $2.00 dividend on an annualized basis and a yield of 2.1%. Silicon Motion Technology’s dividend payout ratio (DPR) is presently 68.38%.

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.