Silicon Motion Technology Corporation $SIMO Shares Sold by US Bancorp DE

US Bancorp DE trimmed its position in shares of Silicon Motion Technology Corporation (NASDAQ:SIMO) by 5.9% during the 2nd quarter, HoldingsChannel reports. The firm owned 12,306 shares of the semiconductor producer’s stock after selling 766 shares during the quarter. US Bancorp DE’s holdings in Silicon Motion Technology were worth $925,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of Silicon Motion Technology during the 2nd quarter valued at $226,000. Robeco Institutional Asset Management B.V. lifted its position in Silicon Motion Technology by 16.7% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 307,120 shares of the semiconductor producer’s stock worth $23,086,000 after acquiring an additional 43,854 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in Silicon Motion Technology by 2.7% during the 2nd quarter. Janney Montgomery Scott LLC now owns 86,635 shares of the semiconductor producer’s stock worth $6,512,000 after acquiring an additional 2,295 shares during the last quarter. Camelot Portfolios LLC acquired a new position in Silicon Motion Technology during the 2nd quarter worth $254,000. Finally, Ballentine Partners LLC acquired a new position in Silicon Motion Technology during the 2nd quarter worth $301,000. Institutional investors and hedge funds own 78.02% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on SIMO. Susquehanna upped their price objective on shares of Silicon Motion Technology from $90.00 to $95.00 and gave the stock a “positive” rating in a research note on Friday, August 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Silicon Motion Technology in a research report on Wednesday, October 8th. B. Riley upped 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 report on Wednesday, September 24th. Craig Hallum upped their target price on shares of Silicon Motion Technology from $70.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Finally, Needham & Company LLC upped their target price on shares of Silicon Motion Technology from $65.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Eight research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $96.43.

Silicon Motion Technology Trading Up 1.9%

Silicon Motion Technology stock opened at $94.14 on Friday. The company has a market cap of $3.20 billion, a P/E ratio of 39.72, a price-to-earnings-growth ratio of 4.98 and a beta of 1.03. The company has a fifty day simple moving average of $86.15 and a 200 day simple moving average of $70.27. Silicon Motion Technology Corporation has a 1-year low of $37.21 and a 1-year high of $104.90.

Silicon Motion Technology (NASDAQ:SIMO) last released its quarterly earnings data on Wednesday, July 30th. The semiconductor producer reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.15. The company had revenue of $198.68 million for the quarter, compared to analyst estimates of $180.40 million. Silicon Motion Technology had a net margin of 10.36% and a return on equity of 10.14%. Silicon Motion Technology’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.96 EPS. Silicon Motion Technology has set its Q3 2025 guidance at EPS. On average, equities research analysts forecast that Silicon Motion Technology Corporation will post 3.08 EPS for the current year.

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.