FNY Investment Advisers LLC Reduces Stake in Silicon Motion Technology Corporation $SIMO

FNY Investment Advisers LLC reduced its position in Silicon Motion Technology Corporation (NASDAQ:SIMO) by 43.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,471 shares of the semiconductor producer’s stock after selling 3,500 shares during the period. FNY Investment Advisers LLC’s holdings in Silicon Motion Technology were worth $336,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cerity Partners LLC boosted its stake in shares of Silicon Motion Technology by 35.9% in the 1st quarter. Cerity Partners LLC now owns 31,413 shares of the semiconductor producer’s stock worth $1,588,000 after buying an additional 8,298 shares during the last quarter. Hsbc Holdings PLC purchased a new position in shares of Silicon Motion Technology in the 1st quarter worth $238,000. Oppenheimer Asset Management Inc. raised its holdings in Silicon Motion Technology by 16.0% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 5,692 shares of the semiconductor producer’s stock worth $288,000 after purchasing an additional 785 shares during the period. Harbor Capital Advisors Inc. raised its holdings in Silicon Motion Technology by 65.5% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 202,721 shares of the semiconductor producer’s stock worth $15,239,000 after purchasing an additional 80,208 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in Silicon Motion Technology by 155.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 73,988 shares of the semiconductor producer’s stock worth $3,741,000 after purchasing an additional 44,976 shares during the period. 78.02% of the stock is currently owned by hedge funds and other institutional investors.

Silicon Motion Technology Stock Down 2.0%

NASDAQ:SIMO opened at $92.19 on Thursday. The business’s 50-day simple moving average is $87.21 and its two-hundred day simple moving average is $71.27. The stock has a market cap of $3.13 billion, a PE ratio of 38.90, a P/E/G ratio of 5.08 and a beta of 1.03. Silicon Motion Technology Corporation has a 52 week low of $37.21 and a 52 week high of $104.90.

Silicon Motion Technology (NASDAQ:SIMO) last posted its quarterly earnings results on Wednesday, July 30th. The semiconductor producer reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.15. The business had revenue of $198.68 million for the quarter, compared to analysts’ expectations of $180.40 million. Silicon Motion Technology had a return on equity of 10.14% and a net margin of 10.36%.The business’s quarterly revenue was down 5.7% on a year-over-year basis. During the same period last year, the firm earned $0.96 earnings per share. Silicon Motion Technology has set its Q3 2025 guidance at EPS. Sell-side analysts anticipate that Silicon Motion Technology Corporation will post 3.08 earnings per share for the current fiscal year.

Analyst Ratings Changes

SIMO has been the topic of a number of recent research reports. Craig Hallum raised their target price on Silicon Motion Technology from $70.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Needham & Company LLC raised their target price on Silicon Motion Technology from $65.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Susquehanna raised their target price on Silicon Motion Technology from $90.00 to $95.00 and gave the stock a “positive” rating in a report on Friday, August 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Silicon Motion Technology in a report on Wednesday, October 8th. Finally, B. Riley raised their target price on Silicon Motion Technology from $105.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. Eight investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Silicon Motion Technology has a consensus rating of “Moderate Buy” and an average target price of $96.43.

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.