Alpine Associates Management Inc. Cuts Holdings in Silicon Motion Technology Corporation $SIMO

Alpine Associates Management Inc. reduced its stake in shares of Silicon Motion Technology Corporation (NASDAQ:SIMO) by 0.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 332,005 shares of the semiconductor producer’s stock after selling 2,300 shares during the period. Silicon Motion Technology makes up approximately 1.3% of Alpine Associates Management Inc.’s investment portfolio, making the stock its 23rd biggest holding. Alpine Associates Management Inc.’s holdings in Silicon Motion Technology were worth $24,957,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC lifted its stake in Silicon Motion Technology by 118.3% during the 2nd quarter. GAMMA Investing LLC now owns 976 shares of the semiconductor producer’s stock valued at $73,000 after acquiring an additional 529 shares during the period. Signaturefd LLC raised its stake in shares of Silicon Motion Technology by 79.3% during the 1st quarter. Signaturefd LLC now owns 1,664 shares of the semiconductor producer’s stock valued at $84,000 after buying an additional 736 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Silicon Motion Technology by 53.3% during the 2nd 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 last quarter. Assetmark Inc. lifted its holdings in shares of Silicon Motion Technology by 15.1% in the 2nd quarter. Assetmark Inc. now owns 2,191 shares of the semiconductor producer’s stock valued at $165,000 after buying an additional 287 shares during the period. Finally, LRI Investments LLC boosted 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 worth $212,000 after buying an additional 2,464 shares during the last quarter. 78.02% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SIMO has been the subject of a number of analyst reports. Needham & Company LLC boosted their price target on Silicon Motion Technology from $65.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Weiss Ratings restated a “hold (c)” rating on shares of Silicon Motion Technology in a research report on Wednesday, October 8th. B. Riley boosted their target price on shares of Silicon Motion Technology from $105.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. Wedbush reiterated an “outperform” rating and issued a $115.00 price objective (up from $100.00) on shares of Silicon Motion Technology in a report on Thursday. Finally, Craig Hallum increased their target price on Silicon Motion Technology from $70.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $104.29.

Silicon Motion Technology Stock Down 1.9%

Shares of NASDAQ SIMO opened at $98.11 on Monday. The business’s 50 day moving average is $90.68 and its two-hundred day moving average is $74.82. Silicon Motion Technology Corporation has a 52-week low of $37.21 and a 52-week high of $106.60. The firm has a market cap of $3.33 billion, a price-to-earnings ratio of 41.40, a PEG ratio of 1.75 and a beta of 1.03.

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

Silicon Motion Technology Announces Dividend

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 given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, August 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.0%. Silicon Motion Technology’s dividend payout ratio is currently 68.73%.

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.