The Manufacturers Life Insurance Company Sells 207,135 Shares of Silicon Motion Technology Corporation $SIMO

The Manufacturers Life Insurance Company lessened its holdings in shares of Silicon Motion Technology Corporation (NASDAQ:SIMO) by 56.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 157,665 shares of the semiconductor producer’s stock after selling 207,135 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Silicon Motion Technology were worth $17,704,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Hawk Ridge Capital Management LP boosted its stake in Silicon Motion Technology by 48.9% in the 1st quarter. Hawk Ridge Capital Management LP now owns 1,173,315 shares of the semiconductor producer’s stock worth $131,752,000 after purchasing an additional 385,568 shares during the period. Maverick Capital Ltd. purchased a new stake in Silicon Motion Technology during the 1st quarter valued at approximately $827,000. Quantinno Capital Management LP bought a new stake in shares of Silicon Motion Technology during the first quarter valued at approximately $212,000. Polar Asset Management Partners Inc. bought a new stake in shares of Silicon Motion Technology during the first quarter valued at approximately $3,169,000. Finally, Lazard Asset Management LLC lifted its holdings in shares of Silicon Motion Technology by 3.1% in the first quarter. Lazard Asset Management LLC now owns 781,981 shares of the semiconductor producer’s stock worth $87,809,000 after buying an additional 23,403 shares in the last quarter. 78.02% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Silicon Motion Technology

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

• Positive Sentiment: Silicon Motion reported second-quarter revenue of $451 million, up 32% sequentially and 127% year over year. Non-GAAP earnings of $2.43 per ADS exceeded the $2.13 consensus estimate, while gross margin reached 50.2%. Silicon Motion Q2 earnings report
• Positive Sentiment: Management projected third-quarter revenue of $519 million to $541 million, representing 15% to 20% sequential growth and 114% to 124% annual growth. The company also expects non-GAAP operating margin of 27.5% to 28.5%. Silicon Motion Q3 guidance
• Positive Sentiment: Growth is broadening beyond consumer NAND controllers. Enterprise and edge SSD products, eMMC/UFS controllers, and Ferri and Boot Drive solutions—particularly for AI infrastructure, automotive and enterprise applications—are driving the company’s diversification. SIMO AI storage expansion
• Positive Sentiment: Wedbush said the results show SIMO is “executing on all fronts,” while Susquehanna raised its price target to $350 and Needham lifted its target to $355, both signaling continued confidence in the growth outlook. Wedbush and analyst commentary
• Positive Sentiment: Silicon Motion and MediaTek are collaborating on AI-ready vehicle storage solutions, adding potential exposure to automotive and edge-AI markets. Silicon Motion and MediaTek automotive storage partnership
• Neutral Sentiment: Despite the improved outlook, SIMO’s elevated valuation and recent rally may encourage profit-taking. Investors are also comparing its valuation with Hewlett Packard Enterprise, creating a potential near-term focus on relative value rather than fundamentals alone. HPE versus SIMO value comparison
• Negative Sentiment: Management cautioned that consumer businesses face NAND pricing and supply headwinds. Rising inventories, lower cash balances and recent bank borrowing could also temper enthusiasm if demand or execution weakens.

Silicon Motion Technology Stock Performance

NASDAQ SIMO opened at $253.60 on Friday. The stock has a 50 day moving average price of $288.86 and a 200-day moving average price of $196.64. Silicon Motion Technology Corporation has a one year low of $71.35 and a one year high of $355.00. The company has a market capitalization of $8.60 billion, a P/E ratio of 29.73, a P/E/G ratio of 0.56 and a beta of 1.70.

Silicon Motion Technology (NASDAQ:SIMO) last announced its quarterly earnings results on Wednesday, July 29th. The semiconductor producer reported $2.43 earnings per share for the quarter, topping the consensus estimate of $2.13 by $0.30. The company had revenue of $451.00 million for the quarter, compared to analysts’ expectations of $403.41 million. Silicon Motion Technology had a net margin of 22.06% and a return on equity of 33.82%. Silicon Motion Technology’s quarterly revenue was up 127.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.69 earnings per share. As a group, equities analysts predict that Silicon Motion Technology Corporation will post 9.01 EPS for the current fiscal year.

Insider Buying and Selling at Silicon Motion Technology

In related news, Director Kuan-Ming Lin sold 2,000 shares of the stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $305.00, for a total value of $610,000.00. Following the sale, the director directly owned 8,500 shares of the company’s stock, valued at $2,592,500. This represents a 19.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Han-Ping Shieh sold 1,000 shares of the stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $328.00, for a total value of $328,000.00. Following the completion of the sale, the director owned 7,500 shares in the company, valued at approximately $2,460,000. The trade was a 11.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 4,000 shares of company stock worth $1,239,250 in the last 90 days. 5.34% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on SIMO shares. B. Riley Financial raised their target price on shares of Silicon Motion Technology from $312.00 to $350.00 and gave the company a “buy” rating in a research note on Friday. Needham & Company LLC boosted their price target on shares of Silicon Motion Technology from $240.00 to $355.00 and gave the stock a “buy” rating in a research note on Thursday. Wedbush increased their price objective on shares of Silicon Motion Technology from $230.00 to $400.00 and gave the company an “outperform” rating in a report on Monday, June 22nd. Wall Street Zen upgraded Silicon Motion Technology from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, JPMorgan Chase & Co. lifted their target price on Silicon Motion Technology from $145.00 to $260.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $341.43.

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.