Silicon Motion Technology’s (SIMO) Outperform Rating Reiterated at Wedbush

Wedbush restated their outperform rating on shares of Silicon Motion Technology (NASDAQ:SIMO) in a report issued on Thursday morning,RTT News reports. The firm currently has a $115.00 target price on the semiconductor producer’s stock, up from their prior target price of $100.00.

SIMO has been the topic of several other reports. Susquehanna increased their price target on Silicon Motion Technology from $90.00 to $95.00 and gave the stock a “positive” rating in a report on Friday, August 1st. Craig Hallum raised their price objective on Silicon Motion Technology from $70.00 to $100.00 and gave the stock 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 report on Wednesday, October 8th. B. Riley raised their price objective on Silicon Motion Technology from $105.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. Finally, Needham & Company LLC raised their price objective on Silicon Motion Technology from $65.00 to $90.00 and gave the stock 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 assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $104.29.

Silicon Motion Technology Stock Performance

Shares of NASDAQ SIMO opened at $98.11 on Thursday. The business’s 50 day moving average price is $90.68 and its 200-day moving average price is $74.57. Silicon Motion Technology has a fifty-two week low of $37.21 and a fifty-two week high of $106.60. The company 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 issued its quarterly earnings results on Thursday, October 30th. The semiconductor producer reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.19. Silicon Motion Technology had a return on equity of 10.14% and a net margin of 10.36%.The firm had revenue of $242.00 million for the quarter, compared to the consensus estimate of $222.60 million. During the same period in the prior year, the business posted $0.92 earnings per share. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. Silicon Motion Technology has set its Q4 2025 guidance at EPS. Sell-side analysts predict that Silicon Motion Technology will post 3.08 earnings per share for the current year.

Silicon Motion Technology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Thursday, August 6th. Silicon Motion Technology’s dividend payout ratio (DPR) is 83.97%.

Institutional Trading of Silicon Motion Technology

Several hedge funds and other institutional investors have recently bought and sold shares of SIMO. Envestnet Asset Management Inc. boosted its position in Silicon Motion Technology by 77.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 93,821 shares of the semiconductor producer’s stock valued at $4,744,000 after acquiring an additional 40,981 shares in the last quarter. Cerity Partners LLC boosted its position in Silicon Motion Technology by 35.9% during the 1st quarter. Cerity Partners LLC now owns 31,413 shares of the semiconductor producer’s stock valued at $1,588,000 after acquiring an additional 8,298 shares in the last quarter. Signaturefd LLC boosted its position in 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 acquiring an additional 736 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Silicon Motion Technology by 8.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 757,506 shares of the semiconductor producer’s stock valued at $38,300,000 after acquiring an additional 61,213 shares in the last quarter. Finally, Easterly Investment Partners LLC boosted its position in Silicon Motion Technology by 1.8% during the 1st quarter. Easterly Investment Partners LLC now owns 208,556 shares of the semiconductor producer’s stock valued at $10,545,000 after acquiring an additional 3,625 shares in the last quarter. Institutional investors own 78.02% of the company’s stock.

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.