Boston Partners Lowers Stock Position in Silicon Motion Technology Corporation $SIMO

Boston Partners lessened its holdings in shares of Silicon Motion Technology Corporation (NASDAQ:SIMO) by 13.2% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 479,074 shares of the semiconductor producer’s stock after selling 73,065 shares during the period. Boston Partners’ holdings in Silicon Motion Technology were worth $36,012,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SIMO. Invesco Ltd. lifted its position in Silicon Motion Technology by 61.3% during the 1st quarter. Invesco Ltd. now owns 1,675,648 shares of the semiconductor producer’s stock valued at $84,721,000 after acquiring an additional 636,869 shares during the period. Neumeier Poma Investment Counsel LLC increased its stake in shares of Silicon Motion Technology by 94.3% during the first quarter. Neumeier Poma Investment Counsel LLC now owns 353,015 shares of the semiconductor producer’s stock valued at $17,848,000 after purchasing an additional 171,350 shares in the last quarter. First Eagle Investment Management LLC purchased a new position in shares of Silicon Motion Technology during the second quarter valued at approximately $10,990,000. Clearline Capital LP lifted its holdings in shares of Silicon Motion Technology by 67.5% during the first quarter. Clearline Capital LP now owns 289,846 shares of the semiconductor producer’s stock valued at $14,655,000 after purchasing an additional 116,850 shares during the last quarter. Finally, Reinhart Partners LLC. boosted its position in shares of Silicon Motion Technology by 7.9% in the 2nd quarter. Reinhart Partners LLC. now owns 1,471,583 shares of the semiconductor producer’s stock worth $110,620,000 after purchasing an additional 107,292 shares in the last quarter. 78.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SIMO has been the subject of a number of recent research reports. Needham & Company LLC reiterated a “buy” rating and set a $110.00 price objective on shares of Silicon Motion Technology in a research note on Monday, November 3rd. Roth Capital restated a “buy” rating and set a $120.00 price target on shares of Silicon Motion Technology in a report on Friday, October 31st. JPMorgan Chase & Co. upped their price target 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. Wall Street Zen upgraded shares of Silicon Motion Technology from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Finally, B. Riley lifted their target price on shares of Silicon Motion Technology from $105.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. One investment analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $111.25.

Silicon Motion Technology Stock Down 2.1%

Shares of NASDAQ SIMO opened at $91.26 on Thursday. The firm’s 50-day moving average price is $93.08 and its 200-day moving average price is $77.57. Silicon Motion Technology Corporation has a 52-week low of $37.21 and a 52-week high of $106.60. The company has a market cap of $3.10 billion, a PE ratio of 38.51, a PEG ratio of 1.75 and a beta of 1.03.

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

Silicon Motion Technology Dividend Announcement

The company also recently declared 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 2.2%. The ex-dividend date is Thursday, August 6th. Silicon Motion Technology’s dividend payout ratio (DPR) is 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.