Han-Ping Shieh Sells 1,000 Shares of Silicon Motion Technology (NASDAQ:SIMO) Stock

Silicon Motion Technology Corporation (NASDAQ:SIMO) Director Han-Ping Shieh sold 1,000 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $301.25, for a total transaction of $301,250.00. Following the completion of the transaction, the director owned 7,656 shares in the company, valued at approximately $2,306,370. This trade represents a 11.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Han-Ping Shieh also recently made the following trade(s):

• On Thursday, June 18th, Han-Ping Shieh sold 1,000 shares of Silicon Motion Technology stock. The stock was sold at an average price of $328.00, for a total value of $328,000.00.

Silicon Motion Technology Stock Up 1.1%

Silicon Motion Technology stock opened at $325.26 on Friday. The business’s 50-day moving average price is $248.67 and its 200 day moving average price is $162.01. The firm has a market cap of $11.03 billion, a price-to-earnings ratio of 64.66, a price-to-earnings-growth ratio of 0.72 and a beta of 1.72. Silicon Motion Technology Corporation has a 52 week low of $70.12 and a 52 week high of $355.00.

Silicon Motion Technology (NASDAQ:SIMO) last released its quarterly earnings data on Tuesday, April 28th. The semiconductor producer reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.27. Silicon Motion Technology had a net margin of 16.02% and a return on equity of 20.24%. The company had revenue of $342.11 million during the quarter, compared to analysts’ expectations of $299.53 million. During the same quarter in the previous year, the company earned $0.60 earnings per share. The firm’s revenue for the quarter was up 105.5% on a year-over-year basis. Equities analysts expect that Silicon Motion Technology Corporation will post 8.35 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on SIMO shares. Craig Hallum reissued a “buy” rating and issued a $250.00 price objective on shares of Silicon Motion Technology in a research note on Thursday, April 30th. B. Riley Financial reaffirmed a “buy” rating on shares of Silicon Motion Technology in a research note on Thursday, April 30th. Weiss Ratings lowered shares of Silicon Motion Technology from a “buy (b-)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Wedbush increased their target price on shares of Silicon Motion Technology from $230.00 to $400.00 and gave the company an “outperform” rating in a research report on Monday. Finally, Roth Mkm reissued a “buy” rating and issued a $250.00 price target on shares of Silicon Motion Technology in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $246.43.

Institutional Investors Weigh In On Silicon Motion Technology

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Apis Capital Advisors LLC boosted its position in shares of Silicon Motion Technology by 11.7% in the 3rd quarter. Apis Capital Advisors LLC now owns 286,000 shares of the semiconductor producer’s stock valued at $27,116,000 after purchasing an additional 30,000 shares during the period. SG Americas Securities LLC increased its position in Silicon Motion Technology by 44.3% during the fourth quarter. SG Americas Securities LLC now owns 16,290 shares of the semiconductor producer’s stock worth $1,510,000 after buying an additional 5,002 shares during the period. UBS Group AG increased its position in Silicon Motion Technology by 39.0% during the fourth quarter. UBS Group AG now owns 351,541 shares of the semiconductor producer’s stock worth $32,588,000 after buying an additional 98,548 shares during the period. Neumeier Poma Investment Counsel LLC lifted its stake in Silicon Motion Technology by 10.7% in the third quarter. Neumeier Poma Investment Counsel LLC now owns 478,463 shares of the semiconductor producer’s stock valued at $45,363,000 after buying an additional 46,208 shares during the last quarter. Finally, Granahan Investment Management LLC lifted its stake in Silicon Motion Technology by 59.7% in the third quarter. Granahan Investment Management LLC now owns 207,758 shares of the semiconductor producer’s stock valued at $19,698,000 after buying an additional 77,667 shares during the last quarter. Institutional investors and hedge funds own 78.02% of the company’s stock.

Trending Headlines about Silicon Motion Technology

Here are the key news stories impacting Silicon Motion Technology this week:

• Positive Sentiment: Analysts remain broadly bullish on Silicon Motion Technology, with recent reports including upgrades and higher price targets; Wedbush lifted its target to $400 and kept an outperform rating, while the consensus view stays at Buy. Article title
• Positive Sentiment: Investor interest remains elevated, with the stock appearing on momentum and trending-stock lists, reflecting strong market attention after a powerful run. Article title
• Positive Sentiment: The company’s recent earnings results were strong, with EPS and revenue both beating expectations and revenue more than doubling year over year, supporting the stock’s upward momentum. Article title
• Neutral Sentiment: Short-interest data showed no meaningful short position, so it does not add much either way to the near-term stock move.
• Negative Sentiment: Director Han-Ping Shieh sold 1,000 shares in an SEC-reported transaction, and another director, Kuan-Ming Lin, sold 2,000 shares earlier this month. Insider selling can create some caution around the stock. Article title

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.